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Top The Global Economics News

Republican senators seek to change Senate bill clean energy tax, improve tax credits
US Politics · United States

Republican senators seek to change Senate bill clean energy tax, improve tax credits

51% Left coverage: 47 sources
Republican Senator Joni Ernst has introduced an amendment to the U.S. Senate's tax and spending megabill that would change two of the most contentious parts of that bill and could give a small boost to wind and solar projects that had been targeted in the draft being debated on the Senate floor.See the Story
Oman plans to impose personal income tax, a first among Gulf states
Oman · Oman

Oman plans to impose personal income tax, a first among Gulf states

38% Left coverage: 24 sources
See the Story
Colombia lower house approves pension reform, again
Senior Citizens · Colombia

Colombia lower house approves pension reform, again

44% Center coverage: 18 sources
See the Story

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Republican senators seek to change Senate bill clean energy tax, improve tax credits
Republican senators seek to change Senate bill clean energy tax, improve tax credits
Blindspot:
69 sources

Republican senators seek to change Senate bill clean energy tax, improve tax credits

Japanese Firms Agree Biggest Pay Hikes in 34 Years, Top Union Group's ...

Coverage: 4 sources
Japanese companies have agreed to increase salaries by 5.25% this year, marking the largest salaries increase for 34 years, Rengo’s largest trade union organization said on Thursday, as inflation and labor shortages are increasing the pressure on continuous increases. The strong wage increase comes after an average increase of 5.10% last year and 3.58% last year, suggesting that the steady increase in wages becomes the new rule in a country whe…Wages · JapanSee the Story

Indonesia Grants Brazil, Turkey Visa-Free Entry in Tourism Push

Coverage: 2 sources
Indonesia has extended visa-free entry to citizens of Brazil and Turkey, a rare privilege in the Southeast Asian nation aimed at boosting tourism and business ties.Tourism · IndonesiaSee the Story

Weakening Dollar Makes Investors Reduce Dollar Exposure to Protect US Equity Holdings

Managers are now cutting their dollar exposure and increasing hedge ratios for US stock portfolios. Overseas asset managers and pension funds are increasingly taking steps to protect against a weakening US dollar, since it can reduce their ability to diversify their US equity portfolios. US stock funds had a built-in dollar exposure; investors based on other currencies were protected in the past when the dollar was strong, even if Wall Street pe…Donald Trump · United StatesSee the Story

US Ethanol Set to Wipe Out UK Production

100% Center coverage: 1 sources
One of only two major ethanol plants in Britain has begun shutdown procedures as a flood of U.S. duty-free products looks set to wipe out production in the U.K.Floods · United KingdomSee the Story

Ghana’s Parliament Passes $2.8 Billion Debt Restructuring Agreement

Finalised in June 2024, Ghana’s finance ministry agreed upon a pact with the official creditor committee to formalise a debt restructuring deal, which could then allow for a new funding tranche from the IMF.  To help disburse funds under an International Monetary Fund (IMF) bailout program and alleviate the country’s worst economic crisis in decades, Ghana’s parliament passed a $2.8 billion debt restructuring agreement with 25 creditor nations, …IMF · GhanaSee the Story

‘Sluggish’ UK Business Activity Picks up as Tariff Threat Eases

75% Left coverage: 4 sources
Data from S&P Global showed activity across the UK’s private sector increased in June.Economy · United KingdomSee the Story

Europe's Dream to Become Leader in Low-Carbon Cars Hampered by China

Europe plans to make all vehicles sold generate zero emissions by 2035, and its domestic suppliers to make the most sales. The transportation sector remains a persistent barrier to Europe’s decarbonization efforts. Its transport emissions continue to rise despite the regulation framework, endangering the climate goal targets. Reversing this trend needs quick and careful action. Europe’s goal of becoming a global player in decarbonized transporta…European Union · ItalySee the Story

UK Government To Unveil New Industrial Strategy To Boost Manufacturing

The UK government has two proposals to bring down energy costs. One targets businesses which consume high volumes of electricity, like steel and aluminium, and the other aims to expand manufacturing.  Manufacturing in the UK is set to receive increased governmental support as part of the country’s new industrial strategy. This plan aims to ease energy costs and generate more skilled employment opportunities and will be unveiled next week. Energy…United Kingdom · United KingdomRead Article

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