Interest Rate Decision On Thursday, Turkey’s central bank opted to keep its key interest rate steady at 45%, refraining from further rate hikes despite a significant surge in consumer prices,…
Tag: Finances
EU Bank Crisis Fund Reaches Capacity
Eurozone banks have fulfilled their annual contributions to the EU’s Single Resolution Fund, reaching its intended capacity of €78 billion. This milestone signals that further financial contributions from lenders will…
Global Minimum Tax: A Hollow Promise Unveiled
As the implementation of the global minimum tax approaches, skepticism is rising about its potential to generate substantial revenue and eliminate tax competition. The concept of top-up taxes on multinational…
Chinese and German Manufacturing Thrive; UK Faces Challenges
China’s Manufacturing Sector Shows Signs of Recovery The Chinese manufacturing sector demonstrates encouraging signs of improvement, as the Caixin manufacturing Purchasing Managers’ Index (PMI) for December surpasses expectations at 50.8.…
Switzerland’s Economic Outlook: Lower Growth Anticipated Amid Eurozone Challenges
Adjusted Growth Projections for 2024 Economic experts predict a more restrained growth trajectory for Switzerland in 2023 and 2024, with a subsequent acceleration in the following year. The country has…
Airbnb Settles Italian Tax Probe with €576 Million Payment
Italian Authorities and Airbnb Agreement Airbnb has agreed to pay €576 million to settle a tax dispute with Italian authorities covering the period from 2017 to 2021. This resolution comes…
Chinese Millionaires Expected to Continue Exodus, Impacting Economy and Wealth Growth.
Chinese Millionaires Set to Depart as Economy Slows and Political Controls Tighten A new report by investment migration consultancy Henley & Partners predicts that the exodus of Chinese millionaires will…
Consumer Debt Surpasses $17 Trillion Milestone Amidst Decline in Mortgage Demand
Consumer Debt Reaches Record High Consumer debt in the United States has surpassed a significant milestone, reaching a new high of over $17 trillion in the first quarter of 2023,…
US Banking Crisis Unveiled: Troubles at Pacific Western and Silicon Valley Banks
Pacific Western Bank, a regional bank based in San Francisco, experienced a significant drop in its stock price as investors learned about its possible sale. Despite the bank’s reassurance of…