Brazil’s Finance Minister has revised the estimated costs of a proposed tax exemption, lowering it to $4.75 billion. This adjustment aims to alleviate concerns over fiscal impact while stimulating economic growth, according to Reuters Canada.
Browsing: economic news
In a surprising policy shift, President Trump announced he will not proceed with plans to double tariffs on certain imports from Canada. This reversal comes amid ongoing trade negotiations, signaling a potential thaw in U.S.-Canada relations.
U.K. stocks closed lower on Thursday, with the Investing.com United Kingdom 100 index declining by 0.93%. Market sentiment was dampened amid concerns over economic growth and inflation, reflecting a cautious outlook among investors.
In a surprising shift, former President Trump announced the reinstatement of 25% tariffs on Canadian metals, reversing previous statements. This move raises concerns about trade relations and could impact various industries reliant on Canadian imports.
BBVA has received regulatory approval to offer cryptocurrency services in Spain, marking a significant step in the bank’s digital strategy. This move underscores the growing acceptance of digital currencies within traditional banking frameworks.
U.K. stocks closed higher as the trading session wrapped up, with the Investing.com United Kingdom 100 index advancing by 0.02%. Investors remained cautious, reflecting broader economic concerns while seeking growth opportunities in key sectors.
Germany’s recent fiscal stimulus, termed a “spending bazooka,” is reshaping Eurozone dynamics, propelling the euro and increasing borrowing costs. This shift underscores the impact of national policies on broader European economic stability and inflation concerns.
Japan’s ruling party has proposed capping the tax rate on cryptocurrencies at 20%, aligning it with the tax rate for stocks. This move aims to stimulate investment in digital assets and enhance the country’s attractiveness in the evolving crypto landscape.
India may avoid the Trump administration’s tariffs set to begin on April 2, according to sources. Negotiations are ongoing, focusing on trade imbalances and tariffs on Indian goods, potentially allowing for exemptions or reduced rates.
Starting Tuesday, Trump’s tariffs on imports from Canada and Mexico will take effect, affecting a range of goods. Consumers could see rising prices on products such as steel, aluminum, and certain food items as costs increase along the supply chain.
Former President Trump announced that tariffs on imports from Canada and Mexico will proceed, indicating potential for additional taxes in the future. The announcement underscores ongoing trade tensions as negotiations continue between the nations.
Argentina’s monthly inflation rate slowed in January to its lowest level in over four years, providing a glimmer of hope for an economy plagued by soaring prices. Analysts view this development as a potential turning point amid ongoing economic challenges.
UK services inflation has unexpectedly declined, offering a positive signal for the Bank of England as it navigates economic challenges. This shift may ease pressure on policymakers, potentially influencing future interest rate decisions.
Australia’s jobless rate edged up in January despite a surge in employment opportunities, raising concerns among economists. While the labor market shows resilience, the increasing unemployment highlights underlying challenges in the country’s economic landscape.
UK house prices experienced their most significant increase in nearly two years, according to the latest data from the Office for National Statistics (ONS). This uptick suggests a potential rebound in the housing market amidst changing economic conditions.
Argentina’s Javier Milei is under scrutiny amid allegations of fraud linked to a cryptocurrency promotional post. As the political landscape intensifies, these claims pose potential risks to his leadership and credibility, drawing widespread media attention.