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Swiss Government Proposes VAT Increase to Fund Higher Pensions

Geneva, September 13 – The Swiss government plans to raise value-added tax (VAT) to finance increased pensions, but first, it must seek public approval...

Trump Promises to End Taxation on Overtime Income

Washington, September 13 – U.S. Republican presidential candidate Donald Trump announced on Thursday that, if elected in the upcoming November elections, he plans to...

Short-Term Inflation Expectations in the UK Eased in August

London, September 13 – British households' short-term inflation expectations eased in August, according to the latest quarterly survey conducted by Ipsos for the Bank...

Global Billionaire Tax Could Be Introduced, Talks Underway Among G20 Nations

Bratislava, September 13 – Financial officials from the world's largest economies, including G20 countries, have been discussing the potential introduction of a global minimum...

Volkswagen Employee Council Threatens Strikes Over Cost-Cutting Plans

Wolfsburg, September 14 – Workers at Volkswagen Group are threatening strikes in response to the company's new cost-cutting plans. This comes as the automaker...

Finance: Russian Central Bank Raises Key Interest Rate to 19%

Moscow, September 14 – The Russian Central Bank has increased its key interest rate by 100 basis points, moving it from 18% to 19%....

UK Supreme Court Revokes Approval for Whitehaven Coal Mine

London, September 14 – The UK Supreme Court on Friday overturned the approval for the construction of the first deep coal mine in the...

European Commission Approves Higher Advance Payments for EU Farmers

Brussels, September 13 – The European Commission (EC) announced on Friday that it has authorized EU member states to provide higher advance payments from...

Chinese Authorities Fine PwC and Suspend Operations Over Evergrande Audit Scandal

Hong Kong, September 13 – Chinese authorities have imposed a six-month suspension on PwC’s operations and fined the auditing firm more than 400 million...

Austrian Central Bank Sharply Lowers Economic Forecast

Vienna, September 14 – The Austrian Central Bank has drastically revised its economic outlook in its latest forecast. The real gross domestic product (GDP)...

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