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Getty Images A legal cannabis market in the UK could boost the treasury by £1 billion ($ 1.33 billion). This is a figure so high it could offset the escalating NHS deficit. LONDON — A legal cannabis market could generate over £1 billion ($ 1.33 billion) in tax revenue — a figure so high it […]
Business Insider Australia China recorded a shock trade deficit of $ 4.98 billion in March, the first in more than a year. Imports surged by 14.4% from a year earlier while exports fell 2.7% over the same period. China’s trade surplus with the US fell to $ 15.43 billion, below the $ 20.96 billion level […]
Getty Images / Thomas Peter-Pool The US asked China in a letter last week to cut the tariff on US autos, buy more US-made semiconductors and give US firms greater access to the Chinese financial sector, the Wall Street Journal reported on Monday. Alarm over a possible trade war between the world’s two largest economies […]
The US is allocating $ 250 million to counter Russian influence, according to a government spending bill, which also provides for a record boost in US defense spending and a significant sum for military assistance to Ukraine. With claims and allegations of Russian meddling swirling around Washington DC since the 2016 election, “not less than […]
Saudi Arabia is undergoing a truly seismic shift in its economy, politics, and society, all thanks to the oil price crash of 2014. Read more Crown Prince Mohammed bin Salman, commonly referred to as MBS, would likely not have had the opportunity to initiate the sweeping changes envisaged in Vision 2030 had it not been […]
In a move reminiscent of Snap’s IPO journey, Bloomberg sources claimed last month that Dropbox had quietly filed to become a public company. Suspicious hires last year had tipped their hand, and we waited to see what would happen for a company valued over $ 10 billion a few years ago. Today, Dropbox’s IPO filing […]
Updated on November 29 at 6:13 p.m. ET The fate of the Republican tax overhaul is coming down to a confrontation between the Senate’s few remaining deficit hawks and the GOP’s most ardent tax-slashers. It’s a fight that has been building for months and now centers on a proposal from Senators Bob Corker of Tennessee […]
Kevin Lamarque/Reuters Democrats are opposing Republican tax cuts partly on the basis that they will expand the US budget deficit. That’s the wrong argument to make — not just now but in any low-inflation environment. The right argument against the plan is that it’s skewed toward the wealthy and includes changes that won’t benefit the […]
Aaron Judge hit a three-run homer and a made pair of sparkling catches, leading CC Sabathia and the Yankees over the Houston Astros 8-1 Monday night and cutting New York’s deficit to 2-1 in the best-of-seven AL Championship Series. #AllRise – #ALCS edition. pic.twitter.com/EeqaUY5JSo — @MLB Sabathia allowed three hits over six scoreless innings for […]
REUTERS/Stringer China’s February trade report has stunned financial markets. Imports surged while export growth slowed, leading to a shock trade deficit being recorded. According to China’s General Administration of Customs, yuan-denominated imports jumped by 44.7% from the levels of a year earlier, easily surpassing the 25.2% growth of January and forecasts for a smaller increase […]
