Canada to Announce C$29.8 Billion in Retaliatory Tariffs on US, Official Says In the midst of an escalating trade conflict between Canada and the United States, the Canadian government has announced a bold move to impose C$29.8 billion in retaliatory tariffs on American goods. This decision marks a significant escalation in the ongoing trade dispute […]
New Cambridge school to explore AI’s economic impact
Exploring the Economic Impact of AI: University of Cambridge Launches New Academic Department The University of Cambridge, known for its academic excellence and cutting-edge research, is once again at the forefront of innovation. With the launch of a new academic department dedicated to exploring the economic impact of artificial intelligence (AI), the prestigious institution is […]
OECD and WTO joint report highlights economic impact of data regulation and advocates balanced approach
The Economic Impact of Data Regulation: Insights from OECD and WTO In the digital age, data has become the lifeblood of economies worldwide, fueling innovation, driving productivity, and transforming industries. However, the regulation of data flows and the growing trend of data localization have raised concerns about their potential economic impact. A recent joint report […]
South Korea reviews trade response as Trump plans new tariffs
South Korea Reviews Trade Response as Trump Plans New Tariffs Government officials in South Korea have recently found themselves at a crossroads, deliberating on the best course of action in response to President Trump’s proposed new tariffs. With the potential for significant economic and diplomatic challenges looming, the stakes are high for the East Asian […]
Taiwan welcomes exclusion from US AI restrictions
Taiwan Celebrates Exemption from US AI Chip Restrictions: A Testament to Robust Oversight and Compliance In the ever-evolving landscape of technology and innovation, the race for dominance in artificial intelligence (AI) has become increasingly fierce. Recently, Taiwan made headlines as it was granted an exemption from the US AI chip restrictions, a decision that has […]
Rolex Hikes Watch Prices by as Much as 8% After Gold Surges
Rolex SA, the world’s preeminent luxury Swiss watch brand, has implemented substantial price increases on selected models due to a notable rise in gold prices. As of January 1, 2025, the Geneva-based manufacturer has raised prices by up to 8 percent on various models, particularly those constructed from precious metals. This strategic decision aligns with […]
LVMH Would Take €800 Million Hit From France’s Planned Tax Hike
France’s proposed corporate tax increase is set to have significant repercussions for the nation’s economy, especially for its most prominent luxury brands. The government is eyeing an €8 billion hike in corporate taxes to manage the country’s ballooning budget deficit. This plan would primarily target successful companies generating more than €1 billion in revenue within […]
Strike Shuts Eastern US and Gulf Ports, Threatening Economy
In a historic move that has not been seen in nearly five decades, dockworkers at every major port along the US East and Gulf coasts have initiated a strike, halting operations at 36 significant shipping hubs. This unprecedented action is poised to cause economic repercussions across various sectors, potentially leading to losses estimated between $3.8 […]