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2 mins read
India-US agrees to extend 2% digital tax on e-commerce supplies until June 30
On Oct 8, 2021, both countries joined 134 other members of the OECD/G20 Inclusive Framework (includ…
ANI
2 mins read
Some countries are cutting down their workweeks. Greece is doing the exact opposite.
Workers will receive 40% more pay for extra hours and 115% more for holiday work.
Shubhangi Goel
4 mins read
2 Yale researchers are pulling back the curtain on Russia's sanctions-stricken economy and it's landed them on a list of Putin's enemies
Russia's economy is in trouble, no matter how much the government tries to distort the facts, two Y…
Jennifer Sor
2 mins read
China is in the middle of its own retirement crisis as many older people cannot afford to stop working
China is expecting 300 million people to reach retirement age in the next 10 years, close to the si…
Jennifer Sor
2 mins read
'Americans just work harder' than Europeans, said the CEO of Norway's $1.6 trillion oil fund
Nicolai Tangen said European companies aren't innovating as quickly as American ones, as he spoke o…
Matthew Loh
3 mins read
Americans are becoming less confident in their government than people in other rich countries: polls
New Gallup data reveals the US has fallen behind many G7 countries in key indicators such as confid…
Noah Sheidlower,Madison Hall
2 mins read
Spain is about to make it much harder for wealthy foreigners to buy their way into residency
Spain joins a growing list of EU countries walking back the foreign investment programs, as housing…
Shubhangi Goel
5 mins read
The world is scarred from China shock 1.0. They're not about to let 2.0 happen so easily.
China is pivoting to new economic drivers in the strategic industries of EVs, solar, and lithium ba…
Huileng Tan
3 mins read
Why weight-loss drugs like Ozempic are a game-changer for the global economy
Reducing obesity via GLP-1 drugs could create healthier workforces, spike productivity, reduce abse…
Phil Rosen
3 mins read
Just over half of Americans over the age of 65 are earning under $30,000 a year, and it shows how stark the retirement crisis is
Many American seniors are already living in poverty, and it's poised to only potentially get worse.
Juliana Kaplan
3 mins read
Only one developed country has a more expensive childcare system than the US
The average US couple with two children spends over 30% of their wages on childcare, per a Bank of …
Jacob Zinkula
2 mins read
China rolled out a new measure of youth unemployment. It shows the nation's labor market is still a mess, think tank says
"The lower result though, is still about three times the overall unemployment rate in China (5.1 pe…
Filip De Mott
2 mins read
The US economy is crushing it compared to other rich countries
US economic growth beat expectations in the fourth quarter, and it's outpacing most of the world's …
Phil Rosen,Noah Sheidlower
2 mins read
China's economic situation isn't as dire as it seems, and policymakers in Beijing were just expecting too much, economist says
China's economy is still on track to grow 5% this year, per OECD forecasts, and its youth unemploym…
Jennifer Sor
2 mins read
IMF sees India as 'bright spot' in global economy, says PM Modi
Prime Minister Narendra Modi Wednesday said the International Monetary Fund (IMF) sees India as a "…
PTI
3 mins read
American corporations could pay to vaccinate the world 10 times over with just their extra profits from 2021
Vaccinating the world would cost about $50 billion, the OECD says. That could be easily paid for fr…
Ben Winck,Andy Kiersz
3 mins read
One gobsmacking chart shows how Biden's economy is doing way, way better than all the others
The US is the only advanced country with a bigger economy now than before the pandemic. Thank a yea…
Ben Winck,Andy Kiersz
2 mins read
Americans have gotten bigger raises than other rich countries over the last few years
The US has seen more real wage growth than any other G7 nation, suggesting the US labor market is o…
Noah Sheidlower
3 mins read
The US economy is doing way better than the rest of the rich world
The US is growing faster and slowing inflation quicker than many other wealthy countries, even thou…
Noah Sheidlower
2 mins read
Over 90% of the world's economy just agreed with Joe Biden and Janet Yellen on how to tax companies
Since becoming Treasury Secretary, Janet Yellen has tried to reform the world's tax regime. She jus…