Australia’s wealthiest are set to lose out as the government tweaks tax changes to help low- and middle-income earners struggling with soaring living costs. The biggest losers under Prime Minister Anthony Albanese’s new policy will be Australians earning over A$190,000 ($125,000). While they will still receive a tax cut, it will only be about half … Read more
US GDP Latest: How Much Did the Economy Grow Last Year? Bloomberg Source link
Germany is at risk of becoming as politically polarized as the U.S. amid huge farmer protests over subsidy cuts, Agriculture Minister Cem Özdemir has warned. “This is a dangerous divide that can lead to conditions like those in the USA,” Özdemir told Germany’s Funke media group in an interview, according to reports Tuesday. “People no … Read more
Press play to listen to this article Voiced by artificial intelligence. European Council President Charles Michel will run as a candidate for the European parliamentary election in June, he told three Belgian media outlets. A spokesperson for Michel confirmed the announcement to POLITICO. Michel plans to take up his seat in the European Parliament mid-July … Read more
Chinese Premier Li Qiang visited the country’s foremost developer of memory chips, in the latest show of government support for US-sanctioned Yangtze Memory Technologies Co. as the two powers clash over technology. China’s No. 2 official visited Wuhan-based YMTC and Wuhan Huagong Laser Engineering Co. during a two-day trip in Hubei province, according to a … Read more
Stock Market Today: Dow, S&P Live Updates for January 3 Bloomberg Source link
Economists did not believe it was possible, but they’ve been wrong a lot lately, and in their defense it has only ever happened once (or maybe twice) before: We may be witnessing that rare achievement known as a soft landing. The US Federal Reserve’s latest forecast expects the inflation rate to slide back down to … Read more
The rise in Japan’s business service prices held steady at a three-decade high, in a development likely to fuel speculation that the Bank of Japan will inch its way toward normalizing policy in coming months. The country’s services producer price index, a gauge measuring the costs of a range of goods and services provided by … Read more
This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Every Friday, White House correspondent Akayla Gardner delivers a roundup of the key news and events in politics, policy and economics that you need to know. Sign up here and follow us at @bpolitics. Email our editors here. Note: Washington … Read more
Senate Republican leaders made clear Monday that a quick deal on border security is out of reach before the Christmas holiday, all but guaranteeing votes on Ukraine and Israel aid will be punted to next year. “That’s not going to happen,” John Thune, the No. 2 Senate Republican, said of a vote this week on … Read more