Economy
Since the local Spain broke the news that the Spanish government has lodged a draft bill to charge non-EU, non-resident home buyers a 100 percent tax, there have been doubts about how much this tax would truly amount to. The Socialist government of Pedro Sánchez last week presented a draft law......
Two new direct flight routes connecting the United States and Spain have recently commenced, significantly improving travel options for passengers. JetBlue Airways, an American low-cost airline, launched its inaugural flight between Boston and Madrid on Tuesday, marking its entry into the Spanish market.......
U.S. stock futures surged early Tuesday, signaling a sharp rebound from last week’s market decline. The S&P 500 rose about 1.4%, Nasdaq futures jumped 1.5%, and the Dow climbed more than 1%. The primary driver behind this rally was President Donald Trump’s announcement to postpone a planned......
European Commission President Ursula von der Leyen announced on Sunday that she had a productive phone conversation with U.S. President Donald Trump, leading to a temporary postponement of proposed tariffs on EU imports. Trump had recently threatened a 50% tariff on all goods coming from the European......
US President Donald Trump has unveiled plans to significantly increase tariffs on imports from the European Union and on products from tech giant Apple. In a post on Truth Social, Trump announced a recommendation for a 50% tariff on goods from the EU, set to take effect on June 1. He expressed dissatisfaction......
A recent trade agreement between China and the United States, brokered in Geneva through Swiss mediation, has led to a temporary de-escalation of trade tensions. The deal includes a 90-day suspension of certain tariffs, aiming to restore mutual trust and explore future economic collaboration. Both nations......
Finance leaders from the G7 nations will convene this week in Banff, Alberta, aiming to project unity on issues that go beyond U.S. President Donald Trump's recent tariff hikes. Their agenda includes economic security, support for Ukraine, collaboration on artificial intelligence, and backing for......
President Donald Trump’s comprehensive tax cut proposal has successfully passed a critical vote in a House committee, moving closer to a potential vote in the full House of Representatives later this week. This unusual Sunday night decision represents a significant victory for Trump and House......
BEIJING, May 16 (Reuters) – Liu Shengzun, a Chinese factory worker, lost two jobs in a single month as U.S. tariffs soared in April, forcing companies in Guangdong to slash production. Though a recent easing of tariffs has brought some relief, Liu has abandoned the industrial sector entirely, returning......
A recent agreement between the United States and China to pause tariffs has shifted the dynamics for manufacturing hubs such as Mexico and Vietnam. These countries now face pressure to negotiate favorable trade deals with the U.S. to continue benefiting from the "China-plus-one" strategy used......
The United States and China have reached a historic agreement to significantly reduce tariffs on each other’s goods for a period of 90 days, marking a pivotal moment in their ongoing trade relations. This accord, announced by US Treasury Secretary Scott Bessent, emerged from negotiations held over......
Donald Trump's threat to impose tariffs on foreign-made films has sparked tensions between the European and American film industries, overshadowing the Cannes Film Festival this week. The US president's proposed 100-percent tariffs on movies "produced in foreign lands" have raised concerns......
On Monday, the United States and China announced a breakthrough agreement aimed at easing tensions from their prolonged trade war, which has affected the global economy and financial markets. Following discussions with Chinese representatives in Geneva, US Treasury Secretary Scott Bessent revealed that......
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