Economy

‘I’m in a crisis every day’: prices are higher than the inflation-adjusted wage of the Belgian | Belgium

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AAt first glance, Belgium seems to have found the answer to the cost-of-living crisis gripping Europe. In this prosperous country where unions remain relatively powerful, wages, pensions and benefits automatically rise in line with inflation. Many governments abandoned similar policies after the oil price shocks of the 1970s, but Belgium has continued to protect workers’ … Read more

China’s Xi has met with more than 25 world leaders in about a month

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Chinese President Xi Jinping attends a session during the G20 summit on the Indonesian holiday island of Bali on November 16, 2022. Willy Kurniawan| Afp | Getty Images BEIJING — A month after Chinese President Xi Jinping consolidated his power domestically, he took to the global stage to strengthen relations with the US and other … Read more

Live updates on interest rates: Jim Chalmers says Australians are not yet feeling the ‘full impact’ of the Reserve Bank’s latest rate hike

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As we heard recently, the RBA expects inflation to continue into the new year. So when will we see the impact of these rate hikes? We presented these to the ABC’s business reporter Gareth Hutchins. Gareth: Interestingly, some economists say there are extremely tentative signs of inflation be able to have reached their peak, or … Read more

China’s Covid lockdowns are having a diminishing impact on the economy

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Pictured here are local residents on a subway in Zhengzhou city, Henan province, on Dec. 5, 2022, after the municipality said negative nucleic acid test results are no longer necessary to travel on public transport. Vcg | Visual China Group | Getty Images BEIJING — According to Nomura, China’s Covid lockdowns are having a diminishing … Read more

Income tax cuts – The Portugal News

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These calculations are part of a series of simulations carried out by the Ministry of Finance based on the new withholding tax tables that will be applied between January and June 2023, which will come into effect on July 1 and include a new withholding tax model. . According to the same simulations, a single … Read more

Fed cannot stop raising rates because of these 4 factors

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CNBC’s Jim Cramer listed four reasons Monday why the Federal Reserve can’t stop tightening the economy just yet. Not enough people are returning to the labor market. That makes it more difficult for the Fed to quell wage inflation. There is a mismatch between vacancies and job seekers. While it takes many engineers to implement … Read more

Mongolian protesters try to storm state palace | protest news

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Thousands gathered to demand action against the economy and rising inflation amid a simmering corruption scandal. Thousands of people have braved freezing temperatures in Mongolia’s capital to protest alleged corruption in the country’s coal industry and skyrocketing inflation. Some later tried to storm the government building. Protesters, including many young people, gathered in Ulaanbaatar’s central … Read more

European equities fall on recession fears, China optimism limits losses By Reuters

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©Reuters. FILE PHOTO: The German stock price index DAX chart is pictured on the stock exchange in Frankfurt, Germany, December 1, 2022. REUTERS/Staff/File Photo By Amruta Khandekar and Bansari Mayur Kamdar (Reuters) -European stocks fell on Monday after data showing a decline in eurozone business activity fueled fears of a recession as hopes of easing … Read more

Live news updates: Beijing is easing testing rules as it continues to phase out its zero-Covid policy

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Beijing residents can shop in supermarkets with no evidence of a negative Covid-19 test result © Andy Wong/AP Beijing will no longer require residents to show proof of a negative Covid-19 test before entering commercial buildings and supermarkets, authorities said on Tuesday, as the Chinese capital cautiously loosens some tenets of its strict zero-Covid approach. … Read more