Tag: #economy

Oman Introduces First Gulf Personal Income Tax, Paving Way for Economic Diversification

Oman becomes the first GCC nation to enact a personal income tax, targeting top earners to diversify revenue and achieve fiscal stability.

#oman, #gcc, #personalincometax, #economy

UK Unveils Ambitious 10-Year Industrial Strategy to Revitalize Economy

UK launches a 10-year plan focused on innovation, investment, and job creation across high-growth sectors.

#uk, #economy, #industrialstrategy, #innovation, #investment

U.S. Economy Contracts in Q1 2025 Amid Tariff-Induced Trade Shifts

U.S. economy shrinks by 0.5% in Q1 2025 due to tariff-induced trade shifts, marking the first downturn in three years.

#us, #economy, #trade, #tariffs

Federal Reserve Proposes Overhaul of Bank Leverage Requirements

Fed proposes key reforms to bank leverage rules, spurring industry support but raising stability concerns.

#federalreserve, #banking, #regulation, #economy

Early Onset of 2025 Monsoon in India Boosts Agricultural Prospects

India's 2025 monsoon arrives early, promising boosts in agriculture and economy with above-average rainfall expected.

#india, #monsoon, #agriculture, #economy, #rainfall

White House Pushes Trump's "One Big Beautiful Bill Act" Amid Controversy

Trump's new bill promises deficit cuts but faces Senate hurdles over risks to debt and social programs. Critics urge cautious analysis.

#politics, #trump, #economy, #senate, #legislation

Federal Reserve Approves Plan to Reform Leverage Ratio for Large Banks

Fed proposes changes to bank leverage rules, aiming to boost Treasury market activity while balancing financial stability.

#federalreserve, #banking, #economy, #policy, #treasurymarkets

JPMorgan Warns of U.S. Economic Stagflation Linked to Tariffs

JPMorgan forecasts stagflation in the U.S. due to tariffs, with GDP growth cut to 1.3% and a 40% recession risk in 2025.

#economy, #recession, #tariffs, #stagflation, #jpmorgan

Fed Chair Powell Defends Rate Policy Amid Pressure from Trump

Fed Chair Jerome Powell maintains current interest rates, defying Trump's call for cuts, amid tariff-driven economic uncertainty.

#federalreserve, #interestrates, #jeromepowell, #donaldtrump, #economy

Fed Vice Chair Advocates for Rate Cut Amid Internal Disagreement

Bowman pushes for Fed rate cuts by July 2025, citing minimal inflation from tariffs despite internal Fed disagreements.

#federalreserve, #interestrates, #economy, #tariffs

Federal Reserve Vice Chair Advocates Rate Cut as Inflation Nears Target

Michelle Bowman supports interest rate cut amid low inflation, signaling key Federal Reserve decision in July.

#federalreserve, #interestrates, #economy, #monetarypolicy

UK Government Pledge Over £500 Million to Quantum Computing in Bid for Global Leadership

UK invests £500M in quantum computing for national security and economic growth, reinforcing its global leadership commitment.

#uk, #quantumcomputing, #investment, #technology, #economy

Moody's Downgrades U.S. Credit Rating Amid Escalating Debt Concerns

For the first time, U.S. loses top credit rating from all major agencies due to rising debt and interest expenses.

#usdebt, #moodys, #creditrating, #economy

Florida's Housing Market Faces Decline in 2025 Amid Multiple Challenges

Florida's housing market in 2025 faces a downturn with falling home prices, rising insurance costs, and climate risks, affecting buyers and sellers.

#florida, #housingmarket, #economy, #climaterisks, #realestate

Federal Reserve Governor Advocates for Interest Rate Cuts Amid Economic Uncertainties

Fed Governor Waller urges rate cuts by July, citing inflation decline and labor market concerns.

#federalreserve, #interestrate, #economy, #inflation, #trump