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.
