Economy

California Governor Gavin Newsom has unveiled a controversial plan to provide state rebates to electric vehicle (EV) buyers, effectively excluding Tesla Inc. from the program. The decision pits Newsom, a…

The UK government’s recent budget announcement has sent ripples across the business community, with Chancellor Rachel Reeves revealing a £40 billion tax hike aimed at stabilizing public finances. Key measures…

US equity benchmarks rose on Friday as investors’ sentiments were boosted by positive economic data from the world’s biggest economy.  At the time of writing, the Dow Jones Industrial Average…

A new survey by Empower has set a high bar for financial success in the US, revealing that an annual income of $233,000 and a net worth of $5.3 million…

Singapore has revised its 2024 economic growth forecast to 3.5%, exceeding earlier estimates of 2.0-3.0%, thanks to strong performance in manufacturing, wholesale trade, and finance. The Trade and Industry Ministry…

Mexico’s economy posted its fastest growth in two and a half years, expanding by 1.1% in the third quarter of 2024 compared to the previous quarter, according to INEGI, the…

US President-elect Donald Trump’s pick to lead the Energy Department believes fossil fuels are key to ending world poverty, which he says is a bigger issue than climate change’s “distant”…

US equity benchmarks rose on Friday as investors’ sentiments were boosted by positive economic data from the world’s biggest economy.  At the time of writing, the Dow Jones Industrial Average…

President-elect Donald Trump’s sweeping tariff proposals have triggered widespread concerns among businesses and economists. Trump has suggested imposing a 20% tariff on all US imports and steeper duties of up…