In a statement, David Malpass, the president of the World Bank said, physical damage to buildings and infrastructure in Ukraine as a result of the war has touched roughly $60 billion and is set to rise further since the Biden… Read More ›
buildings
Lebanon’s Army Engineers find 4.35T of ammonium nitrate near the entrance to Beirut port
In a significant development, Lebanon’s army said it has found 4.35 tonnes of ammonium nitrate near the entrance to Beirut port. The development comes in the wake of a catastrophic explosion on August 4, which flattened the neighborhood, gutting buildings,… Read More ›
NZ’s PM Jacinda Ardern does a volte face against capital gains tax
It is not clear what events and knowledge has prompted her change of stance vis-a-vis CGT. On Wednesday, New Zealand’s Prime Minister Jacinda Ardern stated, her coalition government will not go ahead with a proposal for a capital gains tax… Read More ›
U.S. trade tariff’s unlikely to directly translate into more jobs
One of the more significant reasons why Trump’s tariffs will not translate into more U.S. jobs is that consumers are not willing to pay a premium for ‘Made in USA’ goods when goods of the same quality is available for… Read More ›
Honeywell International considers spinning off its non-core assets as part of streamlining its business
As per sources, the Honeywell is mulling the creation of at least two new public limited companies as a result of the spin-off, one of which could include its aerospace business. GE is also in the process of spinning-off or… Read More ›
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