Finance news

I built a free tool that ranks all 148 countries by taxation

I built a filterable, sortable version of PwC's Worldwide Tax Summaries: https://tax-list-app.netlify.app What it does: Every country's headline taxes in one sortable grid. Open any country for the full PwC corporate & individual write-up (tax rates, due dates, treaties, etc.). Special regimes for new residents flagged - e.g. Portugal's IFICI 20%, Italy's €200k flat tax, Greece's 7% pensions, Spain's Beckham, UK's new 4-year FIG Extra layers: Tax Foundation's ITCI (competitiveness, not just low

US tops Philippine tourism market, propelled by strong ties, even stronger dollar

The US has overtaken South Korea as the Philippines’ top source of foreign tourists this year, helped by diaspora travel and closer ties between the long-time allies, giving Manila a boost as it tries to close the gap with more popular destinations in Southeast Asia. Figures from the Philippines’ Department of Tourism (DOT) showed that between January and May, 531,859 visitors came from the US, while 501,789 were from South Korea – comprising 19.4 per cent and 18.3 per cent of the total tourism.

Tourists in China call locals smelly, Philippine school shooting: 7 Asia highlights

We have selected seven stories from the SCMP’s coverage of Asia over the past week that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Malaysian tourists in China scorned for calling locals ‘smelly’ A group of Malaysian tourists is facing intense backlash for filming strangers and mocking locals in China as “smelly”, sparking debate on travel etiquette and national image. 2. Indonesia market sell-off...

China's 618 shopping festival growth slows sharply as consumer spending malaise persists

The latest consumer data reinforce how consumption in China remains subdued.

Private bank LGT sees AI and inflation as Japan tailwinds

Malaysian woman’s moving hospital ‘honour walk’ spurs conversation on organ donation

A Malaysian donor whose organs and tissues went to five patients has drawn tributes online after a local hospital corridor send-off was shared widely on social media. Normah Sabar, remembered by Malaysia’s national mapping agency as the country’s first female surveyor, died at Hospital Sungai Buloh in Selangor on Saturday. She was 72. The next day, hospital staff and medical teams held a “walk of honour”, a ceremonial procession in which health workers line hospital corridors to pay tribute to..

'I like their money': Trump threatens lawsuits against ABC for reporting on Reflecting Pool

The latest action against ABC comes as the broadcaster faces two investigations from the Federal Communications Commission.

Sabine Mauderer: “Significantly more speed is needed in the energy transition”

The Vice President of the German Bundesbank fears that dependence on fossil fuels will pose a location risk for Germany and Europe. It formulates clear expectations of politics.

Philip R. Lane: Introductory remarks

Beijing is summoning executives again, but here's why that's causing less worry than in 2021

Beijing is summoning tech executives for meetings as it did in 2021, but now it has less room to wield a heavy hand due to deflation and rivalry with the U.S.

Tesla faces federal probe after Model 3 slams into Texas home, killing 76-year-old

Harris County authorities said that the driver, Michael Butler, said that he had been using Tesla's partially automated driving systems.

Japan’s defence outreach to counter China’s military rise hits hidden roadblocks

Japan seized the spotlight at last month’s Shangri-La Dialogue, stepping into a vacuum left by the Chinese defence chief – who skipped the forum for a second year – and using the stage to sharpen its warnings over Beijing’s military rise. Speaking in Singapore on May 31, the final day of the security forum, Japan’s Defence Minister Shinjiro Koizumi pushed back against Beijing’s accusation that Japan is engaging in a “new militarism” and instead took aim at China’s growing military capabilities..

‘Passion is overrated:’ This CEO didn’t build her career doing what she loved — and says you shouldn’t either

“There are different ways to get happiness at work beyond your work being your passion.”

Oil Drops as Iran Talks Advance

Crude declined after the US approved limited Iranian oil sales and shipping through the Strait of Hormuz continued to recover.

Amazon Prime Day arrives earlier this year. Here's why Wall Street is watching closely

This year could see a major drive to everyday essentials, a growing category for the e-commerce giant's annual shopping event.

The bond market just did something unusual. Why its sudden volatility ‘is here to stay.’

New Fed Chair Kevin Warsh appears to be supportive of bond markets leading the way — so he doesn’t have to hike interest rates

Denmark and Germany Launch Europe’s First Hydrogen Superhighway

For the past few years, hydrogen has suffered from a credibility problem. Not because the technology itself stopped making sense, but because expectations ran too far ahead of reality. Governments announced hydrogen strategies worth hundreds of billions of euros. Companies unveiled ambitious projects stretching from Portugal to Poland. Analysts forecast a future hydrogen economy that would decarbonize everything from steel and chemicals to shipping and aviation. Then came the inevitable correcti

London Mayor: UK Tops Green Finance Rankings for Eighth Straight Year

As the City of London Corporation marks the fifth instalment of the Net Zero Delivery Summit this week, I reflect on the world we were in back in 2022. Only four years ago businesses and communities were recovering from Covid, war had returned to the European continent with the invasion of Ukraine, and surging fuel and food prices were driving global inflation to historic levels. Since then, global instability has only deepened, with conflict in the Middle East and tariff wars disrupting global

European Central Bank’s President Lagarde urges talks on yuan undervaluation

European Central ⁠Bank President Christine Lagarde ⁠on Monday urged global leaders to discuss undervaluation of the Chinese currency as a facet of the imbalances endangering the global economy. China has ‌consistently denied that it manipulates its currency for trade advantage but its surging trade surpluses are one of several macroeconomic mismatches worrying leaders of the Group of Seven (G7) nations who met last week in ⁠France, along with chronic US deficits and Europe’s...

US Army tests autonomous boats during Philippine exercise

Autonomous boats helped escort a U.S. Army vessel during a military exercise, in a demonstration of how uncrewed assets are changing maritime operations.

Iran war shock significant but unlikely to last, says Lagarde

ECB chief also warns that 'the situation remains fragile, with risks of setbacks or possibly re-escalation'

Fatal shooting exposes ‘systemic failures’ in Philippine schools

A rare shooting at a public high school in the central Philippines that left three students dead and seven injured has gripped the country amid concerns over campus safety and the mental well-being of young people. Two Grade 9 students, aged 14 and 15, were arrested over the incident at the San Jose National High School in Tacloban City, Leyte province. The weapons involved were a .38 revolver and a 9mm pistol – the latter of which was traced to a police officer who was one of the suspects’...

US Federal Reserve: Once the most powerful monetary politician – Alan Greenspan is dead

He was considered an oracle, but is also associated with the financial crash of 2008: For a long time, Alan Greenspan, as head of the central bank, ruled over the interest rate policy of the world's largest economic power.

Wall Street: US stock markets are inconsistent - picture agency gains more than 100 percent

US investors continue to wait despite peace signals from Switzerland. An important indicator for US monetary policy will also be published this week.

Federal Reserve: Once the most powerful monetary politician: Alan Greenspan is dead

He was considered an oracle, but is also associated with the financial crash of 2008: For a long time, Alan Greenspan, as head of the central bank, ruled over the interest rate policy of the world's largest economic power.

Dax current: Dax exceeds 25,000 points – semiconductor shares are rising significantly

On Monday, investors will look to further developments in the Middle East and an appearance by the head of the ECB. Can the German leading index maintain the 25,000 point mark today?

Hong Kong, Fujian sign 6 deals to deepen finance, tourism and education ties

Hong Kong has signed six agreements with Fujian to step up collaboration in finance, trade, tourism and education, with Chief Executive John Lee Ka-chiu encouraging businesses from the mainland Chinese province to list on the city’s bourse for overseas expansion. At the fifth Hong Kong-Fujian Cooperation Conference on Monday, the two sides finalised 28 collaborative projects across 11 areas, including aviation and shipping, logistics, innovation and technology, legal and dispute resolution, and.

Optimization of confectionery costs through application arbitrage

Hello r/Finance, as part of my efforts to further reduce food costs, I have identified an interesting arbitrage opportunity. Regardless of the outcome of the application process, Würth Elektronik GmbH & Co. KG will send a pack of gummy bears as a small gift. According to what I know so far, the actual qualification doesn't matter. Even if you are a chef, you can easily apply to become an electronics engineer and initially receive the same amount

The man who knew, but didn't say: Alan Greenspan (1926-2026)

Alan Greenspan’s reputation as head of the US Federal Reserve was legendary — not least because of his reputation for convoluted statements. However, the 2008/9 financial crisis took a toll on his standing.

Best options (low risk and for beginners) to keep 15k of savings for a year?

Hi, I'm new to investing, I have 15k on an account that I plan to keep untouched (and continue to save on it) for a year, after the year I will need the money. Currently have it in a savings account where it is earning 2%, so below inflation. I currently do not have a lot of time to nerd out on this stuff or do super complicated strategies, what is something safe and simple? even if its not the best earnings, I just need to keep it above inflation. Chat GPT suggested Euro Money Market Fund (MMF)