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Why Trump’s Tariff Plan Goes Against the Free Market Ethos
8.11.2024
As Donald Trump eyes a dramatic economic overhaul, his proposed tariff regime stands at odds with the core tenets of free-market economics. Cutting Income Tax is Good, But Tariffs? Libertarians Disagree Donald Trump’s return to the presidency brings a bold agenda: funding government through tariffs...
Trump’s Stand on Tariffs Will Affect Both Rate Cuts & Crypto
6.11.2024
Donald Trump’s victory in the US Presidential election brings with it the probability of increased tariffs. That means…
India and Russia to Enhance Trade With Rupee-Ruble Payments
16.8.2024
India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as petroleum dominates current transactions. With...
East African Community to Decide on Regional Central Bank Launch in 2023
19.1.2023
The East African Community (EAC) will decide during the course of the year 2023 when and where it will locate the envisioned regional central bank, the regional intergovernmental organization’s Peter Mathuki has reportedly said. The setting up of the regional central bank is expected to help...
Crypto Miners in Kazakhstan Start Paying Higher Electricity Fees
7.1.2023
Since the beginning of 2023, cryptocurrency miners operating in Kazakhstan are obliged to pay new fees for the power they need to mint digital coins. A surcharge introduced in 2021 now depends on the price of electricity consumed by bitcoin farms and can be much higher than the original levy....
Russia, Belarus Move to Introduce Special Electricity Tariffs for Crypto Miners
18.10.2021
Authorities in Belarus and the Russian Federation are taking steps to separate cryptocurrency miners from other groups of power users and deny them access to subsidized energy. This could lead to the adoption of differentiated electricity rates for businesses involved in digital coin minting...
Iran Licenses 14 Bitcoin Mining Farms, Cuts Electricity Tariff up to 47% for Miners
14.7.2020
Iran has reportedly issued permits for 14 bitcoin mining farms and will cut up to 47% off of the electricity tariff in order to support authorized cryptocurrency mining centers. Crypto miners will soon have to register with the government. Iran Licenses More Crypto Mining Farms The Islamic Republic...
German Economy in Risk of Recession Amid Weak Demand, Tariff Threat, and Epidemic
8.2.2020
Germany, the economic powerhouse of Europe, is facing renewed challenges that may soon push it towards recession. Falling industrial production and dwindling factory orders are the prime cause of concern. The negative results have been announced on the backdrop of weak demand from Eurozone...
The US Starts Legal Process To Impose Taxes On New Chinese Imports
14.5.2019
The US-China trade war which seemed to be end soon after both countries said that the talks were going in the right direction took a turn for the worse on Sunday as US President Trump in a tweet said that the talks were going ‘too slowly’ and that he would impose tariffs on $250 billion …
The...
How The Trade War With Washington Can Affect Europe?
14.5.2019
Europe is bracing for the May 18 deadline of President Trump’s imposition of tariffs on European goods especially the auto sector. Trump is likely to decide the fate of those tariffs on Saturday and that could impact the global growth and Europe’s auto sector the most. On the basis of revenues,...
Tariff On Chinese Goods About To Hike
11.5.2019
The U.S meeting with the Chinese negotiators has concluded on Thursday after two days of talks on how to rescue a trade deal which is almost collapsed due to the U.S plans of tariff hikes on goods imported from China. The tension between the two countries started after China failed in the last week...
China Can Retaliate Tariff Hikes With Its Market Weapons
11.5.2019
The US-China trade war has impacted not only the world’s two largest economies but also the global economy. The situation which till last week was looking towards an amicable resolution has taken a turn for the worse with Trump administration imposing tariff hikes on $250 billion of Chinese goods....