You can check out -- but you still have to pay! To pay a wealth tax which can exceed their yearly income, entrepreneurs often need to take out dividends, hampering their company's capacity to invest.
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More money pledged for flood-stricken Brazil
The BRICS group of nations pledged a billion dollars for storm-ravaged southern Brazil Tuesday as slowly receding floodwaters started to reveal the full extent of the devastation. The bank of the BRICS -- a group including Brazil, Russia, India, China and South Africa -- said Tuesday it would free the equivalent of more than a billion dollars to help the affected state.
Amazonian chief at UN to combat traditional knowledge piracy
The leader of the Brazilian Amazon's Huni Kui people remains hopeful that a planned United Nations treaty will advance the fight against biopiracy: the pillaging of traditional knowledge and genetic resources.
US Fed chair says confidence inflation will ease 'not as high as it was'
Federal Reserve chair Jerome Powell said Tuesday that hot US inflation data has lowered his level of confidence that price rises will slow back down towards the bank's long-term target.
Authorities raid Goodyear sites in Europe over burst tyre deaths
Investigators searched three European sites belonging to American tyre giant Goodyear Tuesday, French prosecutors said, as part of an involuntary homicides probe into crashes caused by burst truck tyres. All were caused by the front left tyre bursting, causing the drivers to lose control, according to investigators.
US to raise tariffs on $18 bn of China imports including chips
The United States is hiking tariffs on $18 billion worth of Chinese imports, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday.
China tech giant Alibaba posts modest yearly revenue growth
Chinese e-commerce giant Alibaba announced Tuesday a modest increase in annual revenue, as the firm pursues a major overhaul and regulatory curbs on the country's tech sector are relaxed. China's tech sector has suffered under a regulatory crackdown by Beijing that began in 2020, prompted in part by the government's fears that too much power and capital had been amassed by a few firms.
A gloomy season for Ethiopia's 'green gold' at the khat market
"We call it green gold," says Ramadan Youssouf, a khat trader in the Ethiopian town of Aweday, one of the largest markets in the world for the mildly narcotic shrub. Many of the bundles from the Aweday market will make their way to Wajale, a border town straddling Ethiopia and Somaliland -- a breakaway region of Somalia.
Anglo American to split group after rejecting BHP bid
Anglo American to split group after rejecting BHP bid
Foxconn reports sharp rise in first-quarter net profit
Taiwanese tech giant Foxconn on Tuesday reported a 72 percent jump in net profit during the first three months of 2024 compared to the same period last year as demand for investment in AI technology grows.
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