China’s 2024 5% GDP growth meets target, but structural challenges loom
China's GDP growth of 5% met the government's target for 2024, despite some internal hurdles and economic headwinds.
While industrial output and exports grew robustly,...
Wealth tax spurs savings and delays retirement, challenging critics’ claims
Some people have proposed taxing the wealthiest people in the United States as a way to reduce the country’s chronic trillion-dollar deficits. This tax...
BP announces major job cuts in global cost-saving initiative
4,700 Staff and 3,000 Contractor Roles to Be Eliminated
BP, one of the world’s ten largest oil and gas companies, announced that it plans to...
Giant companies holding back US economy
America’s giant companies are getting too big, say two professors of finance. After businesses grow beyond a certain size, financial concentration slows investments, which...
Smoking may have a negative effect on earnings
Smoking may lead to younger workers earning less, a new study has found. According to a team of Finnish researchers, this is especially the...
What to expect from AI in 2025: transformative trends and impacts
This year is expected to be a landmark year for technological advancement, especially in the field of artificial intelligence. In other words, AI in...
Spain could enforce 100% property tax on non-EU buyers
Spain is bracing for a steep new property tax on home purchases by foreign citizens from outside the European Union. Prime Minister Pedro Sánchez...
Robots in nursing homes improve care and worker retention
A team of researchers from the University of Notre Dame in Indiana, the University of Tokyo, and Stanford University in California have found that...
Mid-career crisis: a myth for most, reality for the highly skilled
Many of us talk about there being a mid-career crisis that affects all workers. According to researchers from the University of Surrey, the University...
US auto market rebounds: hybrids and EVs drive growth amid changing policies
The US auto market recovered strongly in 2024. It was the best sales year since 2019.
Total new vehicle sales rose by 2.7%, reaching nearly...