UAE corporate tax: Large multinational companies to pay 15 percent top-up tax in 2025 – Economy Middle East
UAE considering introducing R&D tax incentives to boost R&D activities The UAE has announced new taxes on large multinational companies in its latest amendments to its corporate tax law. Following the issuance of Federal Decree Law No. 60 of 2023, the national minimum surcharge will come into effect in the UAE from financial years beginning […]
Trump Threatens 100 Percent Tariffs On Any ‘BRICS’ Nation That Abandons US Dollar
President-elect Donald Trump on Saturday threatened to impose 100% tariffs on BRICS countries that abandon the US dollar. President Trump has warned the economic alliance, which includes markets such as Brazil, Russia, India, China and South Africa, that the move away from the US dollar and the creation of a new BRICS currency will not […]
Auto industry may lose 17 percent of profits due to Trump’s tariff plan: Report
In a worst-case scenario, U.S. and European automakers could lose up to 17% of their combined annual core profits if the U.S. imposes high tariffs on Mexico and Canada, two of the U.S.'s main allies. Yes, according to a report released by S&P Global on Friday. The report comes as President-elect Trump threatens to impose […]
Inflation Persists as Core Price Index Rises to 2.8 Percent
The Fed's preferred inflation measure was raised in October, with core prices up 2.8% over the past year, underscoring the continuing challenge of stubborn inflation despite months of continued weakness. The personal consumption expenditure price index, which measures changes in the cost of goods and services, rose 0.2% in the month. Excluding volatile food and […]
Uruguay election: Leftist opposition candidate Orsi wins with 90 percent turnout
Uruguay's leftist opposition candidate Yamandou Orsi declared victory in a close presidential run-off on Sunday, ousting the conservative government that had ruled for the past five years. As vote counting continues, presidential candidate Alvaro Delgado of the centre-right ruling coalition concedes defeat to his challenger. “I feel sad, but I don't feel guilty and I […]
81 percent of Gen X worried they won't get Social Security benefits
The majority of Generation X Americans are worried that their Social Security benefits will no longer be paid in retirement. According to new research It was released on Thursday. A new Bankrate poll found that 81% of Gen Xers are concerned about losing promised benefits once they reach retirement age. Baby boomers came in second […]
Trump's approval rating at 54 percent as president-elect
A slim majority of registered voters support President-elect Trump's efforts toward a second White House administration, according to a new poll. According to the Harvard CAPS/Harris Poll, 54% of respondents said they approved of President Trump's performance, compared to 40% who said they did not. The number of respondents who supported it was boosted by […]
Consumer prices up 0.2 percent in October, 2.6 percent over past year
Consumer prices rose 0.2% in October and have risen 2.6% over the past 12 months as inflation slowly but surely returns to pre-pandemic norms, according to new Labor Department figures released Wednesday. Economists surveyed by the Wall Street Journal had expected the consumer price index (CPI) to rise 0.2% last month and 2.4% over the […]
Interim coach Jeff Ulbrich shoulders ‘100 percent’ of blame for Jets’ unpreparedness
GLENDALE, Ariz. — Jeff Ulbrich is not a very noble or responsible man. Minutes after his team's 31-6 blowout loss to the Cardinals at State Farm Stadium on Sunday, the Jets' interim coach not only fell on his sword for his team's rotten performance, but also jumped off the diving board onto its sharp tip. […]
40 Percent of Women Under 30 Dumped Harris for Trump
In the recent presidential election, the Democratic Party lost support from a significant percentage of Gen Z women. 40% of women under 30 voted for President-elect Donald Trump. daily mail reported on sunday, quotation Associated Press (AP) exit poll. “Trump's massive rallies with young women helped him secure more voters under 30 than any Republican […]