The U.K. economy is still stuck in low gear. The Office for Budget Responsibility (OBR) has halved its GDP growth forecast for 2025 from 2% to just 1%, forcing Finance Minister Rachel Reeves to make […]
PepsiCo is planning to acquire prebiotic soda brand Poppi for $1.95 billion, marking a major shift toward health-conscious beverages. With traditional soda sales declining, functional sodas—which include prebiotics and lower sugar content—have emerged as a […]
South Africa has announced a three-year, 1 trillion rand ($54.5 billion) public infrastructure plan aimed at reviving economic growth. The ambitious strategy, unveiled by Finance Minister Enoch Godongwana, focuses on transport (402B rand), energy (219.2B […]
The U.S.-Canada trade war is spilling over—literally. In response to Trump’s 25% tariffs on Canadian goods, several Canadian provinces, including Ontario, have removed U.S.-made alcohol from store shelves. The Liquor Control Board of Ontario (LCBO), […]
Early 2025 economic data suggests the U.S. economy may be slowing down faster than expected. The Federal Reserve Bank of Atlanta’s GDPNow model has slashed its first-quarter growth forecast from +2.3% to -1.5%, signaling a […]
India’s consumer market is far smaller than its population suggests, with only about 130-140 million people able to spend on non-essential goods, according to a report by Blume Ventures. Despite a population of 1.4 billion, […]
Google is battling a lawsuit from Canada’s Competition Bureau, which accuses the tech giant of abusing its market power in digital advertising. The bureau claims Google unlawfully linked its ad tech tools to dominate the […]
President Donald Trump has reignited his trade war strategy, imposing sweeping 25% tariffs on all steel and aluminum imports. Unlike his first administration’s tariffs, which were justified on national security grounds, this time Trump is […]
In a swift and strategic response to new U.S. tariffs, China has imposed its own levies on American goods while launching an antitrust investigation into Google. The move underscores the intensifying economic rivalry between the […]
In a bold move to accelerate economic growth, the UK government has unveiled plans to limit legal challenges to major infrastructure projects. The policy targets judicial reviews – often used to delay projects such as […]
Greenland might not seem like a typical focus for the United States, yet it became a surprising headline when former President Donald Trump floated the idea of purchasing the vast Arctic territory. While the suggestion […]
BRICS, the bloc of major developing economies, has welcomed Nigeria as its newest partner country. Originally formed in 2009 by Brazil, Russia, India, and China—later joined by South Africa in 2010—BRICS was established as a […]
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Saudi Arabia has unveiled a $100 billion investment to supercharge its mining sector, targeting critical minerals like lithium, nickel, and rare earth elements. This massive expenditure isn’t just about extracting resources—it’s a bold economic strategy […]
Elon Musk and Vivek Ramaswamy are shaking up Washington with the Department of Government Efficiency (DOGE), their ambitious plan to carve out $2 trillion in federal waste. DOGE isn’t a cabinet-level agency, but it promises […]
New York City has introduced a $9 congestion pricing toll for vehicles entering central Manhattan during peak hours. This policy aims to address the market failure of traffic congestion, a classic negative externality, by reducing […]
Sales of foreign mobile phones in China plummeted 47.4% year-on-year in November, totaling just 3.04 million units, according to new data from the China Academy of Information and Communications Technology (CAICT). Apple, the dominant foreign […]
Coffee drinkers, brace yourselves: the price of your daily cup is set to rise as global coffee prices hit record highs. On Tuesday, Arabica beans—the most widely used coffee variety—reached $3.44 per pound, a jump […]
In a bid to save €60 billion in 2025, the French government has unveiled a draft budget plan targeting wealthy individuals and billion-dollar corporations with temporary tax hikes. The measures aim to reduce France’s budget […]
China’s exports surged by 12.7% in October, marking the fastest growth in over two years and outpacing analyst expectations of just 5.5% growth. The spike was fueled by strong demand for Chinese goods across major […]
Volkswagen Group is betting big on its electric future with Rivian. The automaker has raised its investment in the joint venture from an initial $5 billion to $5.8 billion, planning to launch the first VW […]
U.S. consumer giants are finding China a challenging market as slowing consumer spending and strong local competition impact sales. Tech titan Apple, coffee chain Starbucks, and sportswear giant Nike have all reported sales dips in […]
In one of the largest fines ever imposed on a company, a Russian court has ordered Google to pay a staggering 2 undecillion roubles—a number so vast it’s hard to imagine, equaling about $20 decillion […]
Starting December, China will cut tariffs for goods from 43 of the world’s least developed nations, primarily across Africa and Asia. This policy means these countries can export products like crops, seafood, and raw materials […]
Nvidia is making bold moves in India’s booming tech market! At their AI Summit in Mumbai, CEO Jensen Huang, joined by Bollywood superstar Akshay Kumar and Reliance’s Mukesh Ambani, announced major collaborations aimed at transforming […]
World Bank President Ajay Banga has highlighted the urgent need for bilateral creditors to provide more debt relief to developing countries facing severe financial distress. Speaking ahead of the World Bank and International Monetary Fund […]
Boeing is facing a turbulent period as it announced plans to cut 17,000 jobs, equivalent to 10% of its global workforce, in response to financial challenges worsened by a month-long strike. The strike, involving 33,000 […]
Amazon Prime Video subscribers will soon encounter more ads during their favorite shows and movies, as the streaming giant aims to increase its ad revenue. Starting next year, Amazon will begin inserting ads not only […]
Chinese automaker Chery has begun assembling vehicles in Russia, taking over production in three factories previously operated by Volkswagen, Mercedes, and Nissan. These factories had been vacated following the exodus of Western companies due to […]
In the latest round of trade disputes, China has imposed new tariffs on European brandy imports, a move seen as retaliatory after the European Union levied tariffs on Chinese electric vehicles. French officials have criticized […]
In a bold move to address the housing crisis, the Heather Lands in Vancouver will soon be home to 2,600 new units, blending market-rate and affordable housing. With Vancouver’s property market among the most expensive […]
In a recent campaign speech, former President Donald Trump pledged to abolish taxes on overtime pay if re-elected. Speaking in Tucson, Arizona, Trump argued that this move would incentivize workers and ease hiring pressures on […]
Google and Apple, two of the world’s largest tech companies, have faced heavy fines for abusing their market dominance, highlighting the economic consequences of monopoly power. In a major ruling, Google was ordered by the […]
Bill Gates recently spoke out about the US tax system, stating that he would be significantly poorer if he had designed it. Gates advocates for a more progressive tax structure, where the rich pay a […]
Premier League football clubs have become multi-million-pound businesses, generating revenue from various streams beyond matchday ticket sales. In the 2022-2023 fiscal year, Brighton & Hove Albion, a mid-tier club, set a club record by posting […]
New Zealand is set to raise its tourism entry tax, increasing the International Visitor Conservation and Tourism Levy from NZ$35 (£16.52) to NZ$100 (£47.20) from October 1, 2024. This tax is intended to boost economic […]
In an unexpected twist, Icelandic supermarkets are facing an acute shortage of cucumbers, all due to a viral TikTok trend. The trend, which involves a simple salad recipe featuring cucumbers, sesame oil, and various seasonings, […]
“Black Myth: Wukong,” a Chinese-developed action RPG, has achieved unprecedented success, selling over 10 million copies within just three days of its release. Developed by Game Science, this title has quickly climbed to the top […]
The newly-appointed CEO of Starbucks, Brian Niccol, is facing criticism after it was revealed that he will commute nearly 1,000 miles from his home in Newport Beach, California, to Starbucks’ headquarters in Seattle using a […]
Governments worldwide could raise over $2 trillion by adopting Spain’s wealth tax model, according to the Tax Justice Network. This additional revenue could play a crucial role in funding climate transition initiatives. The concept of […]
The government in Thailand plans to raise the daily minimum wage by 14%, reaching 400 baht ($10.88) by October 1. This move has sparked concern among business groups, fearing that higher labour costs could lead […]
Apple’s latest advertising campaign, intended to highlight the creative potential compacted into its new iPad, has inadvertently ignited a storm of controversy. The ad visually represents creativity being compressed by destroying various objects, including musical […]
Germany is poised to witness a significant rise in unemployment, reaching levels not seen since 2015, with an expected peak of nearly 2.8 million jobless individuals this year. Despite the high figures, these numbers remain […]
India is poised to surpass Japan as the world’s third-largest economy by 2025, with a projected nominal GDP of $4.34 trillion compared to Japan’s $4.31 trillion. This forecast by the International Monetary Fund (IMF) comes […]
In a bold stride towards public health, the UK Parliament has recently advanced legislation aimed at banning cigarette sales to individuals 15 years old and younger, effectively setting a path towards a smoke-free future generation. […]
China’s economy demonstrated a stronger-than-anticipated performance at the beginning of the year, primarily fueled by significant advancements in high-tech manufacturing sectors. The National Bureau of Statistics reported a 5.3% increase in GDP for the first […]
In a move to bolster the United States’ semiconductor capacity, the CHIPS Act has earmarked approximately $52 billion in funding for the sector, aiming to reduce dependence on overseas chip manufacturing. Samsung, plans to use […]
Turkey’s inflation rate surged to 68.5% in March, marking a slight increase from February’s 67.1%, as reported by the Turkish Statistical Institute. The monthly consumer price jump of 3.16% was notably influenced by sectors such […]
The European Commission has initiated inquiries into two Chinese solar panel manufacturers amid concerns of potential government subsidies that contravene EU competition regulations. These investigations emerge as these firms vie for a contract to develop […]
In a significant policy shift, the Bank of Japan (BOJ) has ended its eight-year experiment with negative interest rates, initiating its first rate hike in 17 years. This move adjusts the short-term policy rate from […]
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