Deutsche Bank Research's report reveals Turkey as the most expensive market for the iPhone 17 Pro, costing over twice the US price, while Japan offers the cheapest. The report highlights taxes, tariffs, and currency weakness as key factors in price disparities, particularly widening the Europe-US gap.
Chevron, Shell, and ExxonMobil reported record or near-record quarterly profits, collectively averaging $404 million daily, driven by high crude prices and refining margins due to global conflicts. This has intensified calls from European lawmakers and US Democrats for windfall taxes, a policy ExxonMobil's CEO called "misguided."
Adani's Carmichael thermal coal operations in Queensland generated almost $1 billion in revenue but reported a $340.6 million loss, avoiding company tax for the past year and since opening in 2021. The Abbot Point port business also paid no tax, prompting calls for new regulations on foreign entities' capital structures in Australia.
BP announced plans to sell its North Sea oil and gas business, which employs 1,100 people across five production hubs, to focus on high-value opportunities. The move follows declining production, tax changes, and similar divestments by other energy majors, despite recent UK government signals for a pragmatic approach to North Sea resources.
Niesr said Prime Minister Andy Burnham will need to raise taxes or cut spending to pay for his defence and cost-of-living pledges. It warned inflation could stay higher for longer because of the Iran war and said interest rates may not fall until 2028.
Les États-Unis, sous Donald Trump, ont imposé de nouveaux droits de douane de 10% ou 12,5% à 60 pays et territoires, dont l'Union européenne et le Brésil, citant le "travail forcé" après l'expiration de mesures précédentes. Cette stratégie protectionniste vise à réduire le déficit commercial, mais un économiste la juge plus proche de l'échec.
The U.S. will impose 10% to 12.5% tariffs on imports from 60 countries, citing inadequate enforcement of forced labor bans, effective Friday as temporary 10% worldwide tariffs expire.
President Trump is implementing new 10-12.5% tariffs on imports from 60 countries, citing inadequate enforcement of forced labor bans. These Section 301 tariffs take effect Friday, replacing expiring temporary levies and impacting 99% of US imports.
Dès ce vendredi, les États-Unis appliquent de nouvelles surtaxes douanières de 10 % ou 12,5 % sur des produits importés d'une soixantaine de pays, dont l'UE, le Royaume-Uni, le Mexique et la Chine. Cette mesure, justifiée par la lutte contre le travail forcé, remplace des droits temporaires et vise à éviter un rejet par la Cour suprême.
President Trump is implementing new 10-12.5% tariffs on imports from 60 countries, citing inadequate enforcement of forced labor bans. This move follows the expiration of temporary tariffs imposed after a Supreme Court defeat, utilizing Section 301 of the Trade Act of 1974.
The Trump administration is implementing new 10-12.5% tariffs on imports from 60 countries, citing inadequate enforcement of forced labor bans. These tariffs, imposed under Section 301, replace expiring temporary levies and aim to address human rights abuses and distortive trade practices.
South Korean newspapers on July 24 reported extensively on statements by "Lee" regarding property holding taxes, indicating a policy direction to differentiate taxes, potentially reducing them for owner-occupied homes while strengthening them for high-value or speculative properties.
Over 120 wealthy Britons, including Gary Lineker and Brian Eno, have written an open letter to new Prime Minister Andy Burnham, urging for higher taxes on the richest to foster a more equal society and fund public investment. The group, organized by Patriotic Millionaires, supports a 2% tax on wealth over £10m.
European entrepreneurs considering the digital nomad lifestyle must meticulously plan visas, tax implications, international finances, insurance, time zone management, cybersecurity, and emergency funds. A recent surge in digital nomad visa searches highlights the growing trend, but business owners need strategic preparation to ensure long-term stability and profitability while working abroad.
Despite Donald Trump's push to revive US manufacturing, companies like Zion Foodtrucks in Colorado face increased costs from steel and aluminum tariffs and higher fuel prices due to the Iran war, leading to decreased business and tougher competition from Mexican manufacturers.
Prime Minister Andy Burnham faces early criticism for his "doing politics differently" approach, accused of U-turns on tax and rent policies. He defends his open communication style, which worked as Greater Manchester mayor, but risks misunderstanding in Downing Street.
JD Wetherspoon issued its fourth profit warning in seven months, attributing it to worse-than-expected sales, despite the World Cup, and rising costs for food, labour, energy, and property taxes. Shares in the pub chain tumbled 10% on the news.
La Maison-Blanche a annoncé de nouvelles surtaxes douanières de 25% sur certains produits brésiliens, suite à une enquête sur des pratiques commerciales "déraisonnables". Ces mesures, qui entrent en vigueur ce mercredi, préfigurent une extension des droits de douane à une soixantaine d'autres économies, dont le Canada et l'UE, pour remplacer des taxes temporaires.
UK Prime Minister Andy Burnham announced a cut to value-added tax on domestic electricity bills starting October 1, aiming to ease the cost-of-living crisis. The measure, expected to save households around £45 annually, will be funded by cancelling a £1.8 billion digital ID program.
Le représentant de la Maison-Blanche pour le Commerce, Jamieson Greer, a anticipé l'annonce "prochainement" de nouveaux droits de douane américains visant une soixantaine d'économies, remplaçant les mesures temporaires et ciblant notamment le travail forcé.
JP Morgan CEO Jamie Dimon warned Andy Burnham that raising bank taxes could jeopardize the bank's £3bn London headquarters project and deter investment from Britain. Dimon, a long-standing critic of the UK's bank tax surcharge, emphasized the adverse consequences of penalizing companies.
Donald Trump's White House announced 50% tariffs on most Canadian goods, including wine, hockey sticks, and cement, in response to Canada's retaliation against prior US tariffs. This move, effective in 30 days, aims to address Canada's alleged discrimination against US cars, alcohol, and dairy, risking economic chaos and strained bilateral relations.
Online networks are reportedly 'gamifying' violence and encouraging self-harm, targeting children in games like Roblox and Minecraft, with cases globally. Meanwhile, Iran declares 'full-scale war' with the US, and Andy Burnham becomes the UK's new prime minister, pledging to end rough sleeping.
Prediction market Kalshi recorded $40 billion in World Cup wagers, sparking skepticism from sportsbooks and regulators who argue it operates as an unlicensed gambling app. Kalshi claims it's a federally regulated financial product, not subject to state gaming taxes or age restrictions, leading to over 20 federal lawsuits and a potential Supreme Court case.
