UK Announces £26 Billion Tax Increases in New Budget
Britain's Chancellor Rachel Reeves unveils £26 billion tax increases targeting wealthier individuals while protecting low-income families. Key budget decisions focus on economic stability.
Category : Global Economy
Israel Doubles VAT Exemption Limit on Personal Imports
Israel increases VAT exemption threshold for personal imports from $75 to $500 starting July 1. Major relief for international shoppers and Israeli consumers.
UK's £26BN Tax Shock: Reeves Announces New Budget
UK Chancellor Rachel Reeves unveils £26 billion tax plan freezing brackets and hiking wealth taxes. Learn how this impacts millions of families and the economic outlook.
Britain Raises Taxes by $30+ Billion in Tough Budget
British government announces massive $30+ billion tax increase as economic outlook worsens. Pound sterling and bonds experience volatility following budget revelation. Read full analysis.
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IMF Warns Pakistan Corruption Crisis Threatens Economy
IMF reveals how elite corruption and state capture fuel Pakistan's economic crisis. Learn how governance reforms could boost GDP growth by 5-6.5% over five years.
IMF Criticizes Pakistan's Fiscal Mismanagement
IMF exposes Pakistan's fiscal mismanagement and lack of transparency in new report. Discover the critical findings and their implications for Pakistan's economy.
Singapore Tops World's Most Expensive Cities 2025
Singapore retains top spot as world's most expensive city for wealthy in 2025 Julius Baer report. London climbs to second, Mumbai ranks 20th globally.
Serbia Energy Crisis: Russian Refinery May Shut in 4 Days
Serbia's only oil refinery could shut down within days if Washington doesn't renew OFAC license. President Vucic calls it 'blackmail' as fuel stocks dwindle.
Sachs: Trump's G7 Absence Reflects US Decline, BRICS Growth
Economist Jeffrey Sachs analyzes how Trump's refusal to attend G7 summit signals US isolation as BRICS nations now represent 46% global population and 41% GDP. Watch the breakdown.
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Fed's Powell Weighs December Rate Cut Amid Divisions
Fed Chair Powell faces a critical choice in December: cut rates despite internal dissent or hold and risk prolonged discord. Key allies signal support for a cut. Read more.
Fed's Daly Supports December Interest Rate Cut
San Francisco Fed President Mary Daly advocates for December rate cut, highlighting labour market vulnerabilities over inflation concerns. Key insights on Fed's monetary policy direction.
Israel Central Bank Cuts Interest Rate to 4.25%
Bank of Israel reduces interest rate from 4.5% to 4.25%, marking first cut in nearly two years amid slowing inflation and economic growth concerns.
U.S. Absence at G20 Shows Global South Rise: Canada PM
Canada PM Mark Carney says G20 summit without U.S. participation proves global economic power is shifting toward Global South. Read analysis of multilateralism's future.
Carney Says World Can Progress Without US Dominance
Former central banker Mark Carney argues global economy can advance without US leadership, stresses importance of new international partnerships for sustainable growth.
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G20 2025 Declaration Backs Solidarity, Equality, Sustainability
G20 leaders adopt 2025 declaration emphasizing solidarity, equality, and sustainability as pillars for inclusive global growth. Discover the key commitments shaping international cooperation.
UK Deficit Soars £10B Above Forecast Before Budget
UK's fiscal deficit reaches £116.8 billion, exceeding forecasts by £10 billion as Chancellor Rachel Reeves prepares crucial November 26 budget with potential tax hikes.
China's $2.2 Trillion Global Lending Strategy Shifts
New report reveals China's $2.2 trillion global lending strategy is shifting from development projects to M&A financing as Western nations resist equity investments.
The Case Against Minimum Wage Hikes
The Economist argues against further minimum wage increases, citing hidden economic costs like inflation and job degradation. Discover the better alternatives for fighting poverty.
IMF Forecasts 6.5% GDP Growth for Pakistan
IMF projects Pakistan's economy to grow by 6.5% with strict conditions including tax reforms and subsidy cuts. Learn how this affects regional economic dynamics.
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India-US Economies: Global Investment Signals 2025
Explore how India and the US are shaping global market cycles and creating unprecedented investor opportunities. Discover the side-by-side analysis of these economic powerhouses.
Wealthy Nations Retreat From Global Development Efforts
Global development faces crisis as wealthiest nations slash foreign aid budgets. Analysis reveals shifting priorities amid geopolitical tensions. Read full investigation.
IMF: G20 Growth Weakest Since 2009 Crisis
IMF reports G20 nations face weakest medium-term growth since 2009 crisis amid global economic challenges. Learn about the risks and implications for India.
China's $2.2T lending shift: US top recipient
China redirects 75% lending to wealthy nations, US gets $200B across 2,500 projects. AidData report reveals strategic shift with global security implications.
Jaishankar Calls for Economic De-risking at SCO Summit
External Affairs Minister S Jaishankar emphasized urgent need to de-risk and diversify global economy at SCO Summit. Read about India's stance on multilateral reforms.
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Ex-JPMorgan Team Steers Argentina's $20B US Rescue
Former Wall Street traders turned Argentine officials secure massive US bailout. Learn how JPMorgan alumni are implementing radical economic reforms under President Milei.
Japanese Economy Contracts for First Time in 6 Quarters
Japan's economy shrinks 0.5% as exports drop amid global tariff pressures. First contraction in six quarters raises concerns about economic recovery trajectory. Read full analysis.
IMF Uncertainty Index Doubles, India Growth Shines
IMF's World Uncertainty Index doubles since January 2025, but India's economy shows resilience. Analysis suggests shift to demand-side policies for sustainable growth.
Pakistan Fuel Prices Increase Second Time in 15 Days
Pakistan government raises kerosene oil and light diesel prices for second time in 15 days, adding pressure on consumers amid economic challenges.
EU's $213B Ukraine loan plan faces Belgian resistance
EU's plan to lend Ukraine $213 billion using frozen Russian assets faces Belgian pushback over financial risks. Brussels fears exposure to liabilities worth one-third of its GDP.
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China's Consumer Slowdown Hits Longest Streak Since COVID
China's consumer spending faces its longest decline since pandemic. Retail sales growth slows for third month. What this means for global economy. Read analysis now.
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