In a global shakeup, Ireland may have done the previously unthinkable by giving up its prized 12.5 per cent corporate tax rate. But it and other developed countries appear set to continue dividing the spoils of foreign direct investment. On… Read More ›
Geopolitics
IMF Still Trying To Ramp Up Support For Its Proposed New Trust To Help Poorer Countries
Member support for a proposed Resilience and Sustainability Trust is still being sought by the International Monetary Fund. This trust will give an opportunity for richer nations to divert their IMF reserves to nations that are in need of funding…. Read More ›
EU postpones trade talks with Australia
On Friday, in a statement Australian Minister for Trade Dan Tehan said, trade talks with the European Union have been postponed. The development comes in the wake of Canberra deciding to cancel a $40 billion submarine deal with France. Last… Read More ›
Developing Countries Have $385 Billion In Hidden Debts Due To Chinese Loans, Says A Study
According to a recent research, China’s Belt and Road Initiative has prompted dozens of low- and middle-income nations to accrue $385 billion in “hidden debts” to Beijing. AidData, an international development research lab headquartered at Virginia’s College of William and… Read More ›
Germany’s September Inflation Rate Grows At Record Pace
Data released on Thursday showed that the pace of growth of inflation in Germany for the month of September was a record of sorts. The data underscored the increasing price pressure on the largest economy of Europe as it attempts… Read More ›
Turkey mulls boosting defense ties with Russia
On Thursday, in a statement Turkish President Tayyip Erdogan said, Ankara is considering stepping up joint defence industry collaborations with Russia in areas including engines for fighter jets and submarines. The development comes in the wake of a meeting with… Read More ›
With Mounting Opposition And Debt, Momentum Being Lost By China’s Belt And Road Plans
According to a new report released on Wednesday, China’s massive Belt and Road Initiative (BRI) is in danger of losing momentum as resistance grows in target nations and debts build, clearing the door for competing projects to force Beijing out…. Read More ›
US and EU Trade and Tech council to meet on Sept 29 in Pittsburgh
According to senior officials from the Biden Administration, the United States and the European Union are scheduled to discuss the global shortage of semiconductors, tech competition and artificial intelligence (AI) during their first Trade and Tech Council (TTC) meeting scheduled… Read More ›
Greece boosts military ties with France, to announce defense deal today
In a statement Greek Prime Minister Kyriakos Mitsotakis said, Athens has been talking to Paris to boost defence ties. The development comes at a time when Greece is aiming to boost the capabilities of its armed forces. In 2020, Greece… Read More ›
Forecasts For America’s Growth For 2021 Cut Down By Economists, Shows New Survey
A new survey released on Monday shows that the hit of the surge of Covid-19 caused by the delta variant of the coronavirus in the United States prompted business economists to mark down their estimates and forecasts of growth for… Read More ›