US President-elect Donald Trump is putting together a wide-ranging energy package that would be rolled out within days of his taking office, Reuters reported on Tuesday. The package would be designed to approve export permits for new liquefied natural gas (LNG) projects, and increase oil drilling off the US coast…
Brazil reported a substantial current account deficit of $5.9 billion in October 2024. The key driver of Brazil’s bulging and rising deficit has been a drastic and pronounced decline in the country’s previous goods surplus. This new statistic marks a significant increase above the modest and relatively minor loss of…
As the year winds down, Wall Street is speculating whether Santa Claus can take some credit for the stock market’s robust performance in recent weeks. With the S&P 500 gaining 25% year-to-date and currently trading above 6,000, many attribute the surge to the post-election rally following the November 5 US…
Apple CEO Tim Cook joined a high-profile gathering of over 20 global business leaders in Beijing on Monday, meeting with Chinese Premier Li Qiang. The discussions, which included prominent figures from companies like Rio Tinto, Corning, and Charoen Pokphand Group, centered on supply chain stability and trade relations. This meeting…
A potential crisis looms for businesses in 2025: the “manager crash.” This prediction, from digital coaching platform meQuilibrium, highlights the culmination of years of unaddressed burnout, excessive workloads, and inadequate support systems for managers. While the platform also forecasts other workplace trends, including the prioritization of change readiness, diminishing remote…
Argentina is undergoing dramatic economic changes under President Javier Milei, who took office in December 2023. After inheriting one of the world’s most troubled economies, Milei implemented drastic reforms aimed at stabilizing hyperinflation, reducing public spending, and encouraging investment. His policies have produced mixed results so far, sparking debate among…
President-elect Donald Trump’s pledge to impose sweeping tariffs on imports from Canada, Mexico, and China has reignited global trade tensions. His proposed measures, which include a 25% tariff on Canadian and Mexican goods and an additional 10% tariff on Chinese imports, signal a drastic shift in US trade policy that…
India’s startup ecosystem, home to over 100 unicorn companies, continues to thrive despite challenges. Between 2014 and mid-2024, it attracted over $150 billion in investments, making it the third-largest in the world. Key sectors such as e-commerce, fintech, and enterprise tech accounted for 52% of the total funding, according to…
California Governor Gavin Newsom has unveiled a controversial plan to provide state rebates to electric vehicle (EV) buyers, effectively excluding Tesla Inc. from the program. The decision pits Newsom, a potential Democratic presidential contender, against Tesla CEO Elon Musk, a prominent Republican ally and key figure in President-elect Donald Trump’s…
The UK government’s recent budget announcement has sent ripples across the business community, with Chancellor Rachel Reeves revealing a £40 billion tax hike aimed at stabilizing public finances. Key measures include significant increases in employers’ national insurance contributions and the minimum wage, leaving firms grappling with how to absorb these…