Brazil’s Finance Ministry has presented a series of tax proposals aimed at taxing big tech companies and implementing a global minimum tax on multinational corporations in order to reach its fiscal goals for 2025. These measures are part of a larger effort to align with global discussions on tax cooperation and address revenue shortfalls in
Travel spending among American households has seen a notable increase, surpassing pre-pandemic levels, fueled by a growing interest in international travel. According to Bank of America research, vacationing abroad has become a key driver of travel momentum, with a significant rise in spending compared to 2019 levels. Despite some fluctuations, travel spending remains high, with
Huawei recently announced that they will be holding a product launch event on September 10th, just hours after Apple’s highly anticipated annual iPhone reveal. This move is seen as an attempt by the Chinese tech giant to steal the spotlight from its U.S. competitor. The event is scheduled for 2:30 p.m. Beijing time, which will
Investors are being advised by Bank of America Securities to consider hedging against the potential volatility that may arise from a strong nonfarm payrolls figure later this week. The nonfarm payrolls report has once again become the most crucial data release for the stock market, according to analysts at BOA Securities. They have pointed out
REA Group, a property listings company majority-owned by News Corp, is contemplating acquiring Rightmove to form a global real estate company. Rightmove, Britain’s largest property portal, experienced a surge in its share price by 24% to 6.89 pounds on the London Stock Exchange. The potential offer from REA Group has been viewed as a highly
Edgar Wright’s iconic horror-comedy Shaun of The Dead recently made a comeback in theaters to celebrate its 20th anniversary. The film grossed an impressive $600k for the 3-day weekend and $720k for the four days, marking a significant achievement for a cult classic. Fans flocked to theaters to revisit the comic zombie-fest, starring Simon Pegg
With over 10,000 U.S. hotel workers participating in a multi-day strike in various cities, the hospitality industry is facing significant disruptions. The strike, led by the Unite Here union, has workers from 24 hotels in major travel destinations such as San Francisco, San Diego, Boston, and Seattle demanding better wages and working conditions. Hotel workers
The Federal Reserve is anticipated to cut interest rates in September, which means that dividend-paying stocks could be poised to outperform other income-generating assets like bonds. These stocks are likely to become more attractive due to higher dividend yields. With an abundance of companies offering dividends, investors may face challenges in selecting the best stocks.
The recent plunge of PDD’s stock by almost 30% following disappointing quarterly results serves as a stark reminder of the changing dynamics within China’s consumer market. The era of double-digit growth that once characterized the sector seems to be fading into the past, with no immediate signs of a turnaround in sight. Despite this overarching
Brazil’s supreme court has taken decisive action against Elon Musk’s social network X, ordering a nationwide suspension of the platform due to non-compliance with court orders. This decision comes after Musk’s company failed to appoint a legal representative in Brazil as required by law. The suspension of X in Brazil could have significant ramifications for