GovernmentPolicy

Spain's Controversial Windfall Tax on Energy Companies Repealed in Parliament

3 days ago

In a surprising turn of events, the Spanish parliament has voted to repeal the windfall tax imposed on energy companies. The decision comes after intense debate and scrutiny surrounding the financial burden placed on these firms amid soaring energy prices. This rollout of the tax had been designed to assist in funding measures to combat rising energy costs for consumers, especially in light of the ongoing energy crisis exacerbated by geopolitical tensions.

Electric Vehicle Goals Falling Short, According to UK Business Secretary

24 days ago

On November 26, 2024, the UK Business Secretary called into question the effectiveness of the government’s ambitious electric vehicle (EV) targets. Criticism has been mounting regarding the progress made toward the goal of transitioning to electric mobility as the deadline for phasing out petrol and diesel vehicles approaches. This revelation has sparked debates surrounding the government's strategy and commitment to creating a sustainable, electric future for the country.

Alibaba, JD, and Meituan Shares Soar Following Major China Stimulus Announcement

3 months ago

On September 27, 2024, China's tech giants including Alibaba Group Holding Ltd., JD.com Inc., and Meituan saw their stocks surge strongly. The rally later joined on the back of a generous stimulus package announced by the Chinese government to prop up the country's sluggish economy.

Abandoned Zombie Construction Sites Are Fueling Germany's Escalating Housing Crisis!

3 months ago

But now a new, unstoppable beast has emerged to stalk Germany's real estate sector: the zombie construction site. A rising number of unfinished building projects is leaving many regions in disarray and worsening an already acute housing shortage across the country. Cranes stand still, scaffolding rusts and for many Germans, the dream of a decent place to live is as far away as ever.