El Salvador invites international investors with zero income tax
El Salvador has made a bold move that screams, “Come hither, international investors!” By slashing the income tax for money entering from overseas from a steep 30% right down to zero, nada, zilch. The country’s legislative assembly gave this radical reform the green light, planning to turn El Salvador into a magnet for foreign investments. […]
How Europe’s stock markets are destabilizing the economy even more
Europe’s stock markets are presenting a paradoxical scenario. At first glance, it looks like they’re thriving, hitting peak values that could be cause for celebration. But if you dig a bit deeper, a more troubling picture emerges. Sales are going down, there aren’t many new public offers, and the continent’s entrepreneurs are longingly looking across […]
Will Europe ever be able to match US’s growth momentum?
Picture this: the world’s been trying to shake off the economic hangover the pandemic left us with, right? And here’s the US, catwalking ahead of the pack like it’s got a secret stash of energy drinks. While Europe and others are still trying to find their feet, the US is all guns blazing with its […]
China sees consumers cut spending amid price decline
Amid a backdrop where price tags on everything from electric vehicles to luxury goods are sliding, the citizens of China, the globe’s second-largest economy, are tightening their belts. Not even the temptation of lower prices is enough to pry open the wallets of a population increasingly wary of economic uncertainties. This provides a glimpse into […]
U.S. jobless claims at the lowest they have been since 2022
Defying the usual economic forecasts and leaving analysts scratching their heads, U.S. unemployment claims have plummeted to their lowest level since the latter part of 2022. In a striking show of labor market strength, initial claims for unemployment benefits in the U.S. took a sharp dive, landing at 187,000 for the week ending January 13. […]
Why are China’s biggest banks coming after the small ones?
In the complex financial ecosystem of China, a striking phenomenon is unfolding: the country’s largest banks are tightening their grip on smaller financial institutions. This move, stemming from a deepening property debt crisis and local government debt, is reshaping China’s banking landscape. As the world’s second-largest economy grapples with these issues, the actions of these […]
Generative AI Disruption Threatens Australian Economy, Deloitte Report Reveals
In a groundbreaking report released today, Deloitte Access Economics and the Deloitte AI Institute have sounded the alarm, warning that Australia’s economic landscape is on the brink of significant upheaval due to the rapid integration of Generative AI (GAI). The study pinpoints Finance, ICT, media, professional services, education, and wholesale trade as the sectors most […]
