Italy recently passed a unique measure, a 40 percent income tax, targeting local banks allegedly gaining significant additional income due to soaring interest rates. The Revenue Will Go to Help Mortgage Holders The Italian government approved this unexpected tax at…
Fangbiaogan, a real estate agency based in Nanning, looks forward to China's post-recession revival. The owner of the agency, who is only known by his last name, Tsai, says that home sales are down 30–40% from a low level last…
Aramco, Saudi Arabia's state-owned oil giant, disclosed a second-quarter profit of $30 billion. This figure markedly declined by about 40% compared to the same period last year, which can be attributed to lower oil prices. The Main Reason Was the…
The Bank of England is expected to make a potential interest rate adjustment to 5.25% on Thursday as part of its ongoing efforts to fight inflation by raising borrowing costs for the 14th consecutive time. In light of the government's…
On Tuesday, Saudi Arabia announced its intention to provide the internationally recognized government of Yemen with significant financial assistance totaling $1.2 billion. The initiative aims to support the state's economic stability, which is facing substantial challenges. In a statement, Riyadh…
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