Author: Steven Sahiounie

In the Artyomovsk tactical direction, the assault teams of the Wagner private military company with the support of artillery and aviation of the southern battlegroup has completed the liberation of the city of Artyomovsk, the ministry stated The city of Artyomovsk has been completely liberated in the course of the special military operation in Ukraine, the Russian Defense Ministry announced on Sunday. “In the Artyomovsk tactical direction, the assault teams of the Wagner private military company with the support of artillery and aviation of the southern battlegroup has completed the liberation of the city of Artyomovsk,” the ministry stated. Artyomovsk…

The country’s sales in the first quarter jumped by nearly 60% year-on-year, according to Nikkei China became the world’s largest car exporter in the first quarter of 2023, Nikkei news outlet reported this week, citing data from the China Association of Automobile Manufacturers. According to the report, Chinese car exports in January-March soared by 58% against the same period in 2022, to 1.07 million units. During this period, the former top exporter, Japan, sold 950,000 vehicles. Data shows that the growth in China’s car exports was spurred by rising demand for electric vehicles and increased deliveries to Russia. Exports of…

It’s now $45 trillion higher than its pre-pandemic level and is expected to continue growing rapidly, a top trade body has warned The global debt pile increased by $8.3 trillion in the first quarter of the year to a near-record high of $305 trillion amid an aggressive tightening of monetary policy by central banks, the Institute of International Finance (IIF) has revealed. According to its Global Debt Monitor report on Wednesday, the reading is the highest since the first quarter of last year and the second-highest quarterly reading ever. The IIF warned that the combination of such high debt levels…

Personal income tax for employees who have left the country will remain at 13%, a deputy minister has announced The tax rate for Russian citizens who work outside the country will remain unchanged regardless of their tax residency status, the Finance Ministry announced on Thursday. Personal income tax for employees who have left Russia and work abroad under labor contracts or civil law agreements will stay at 13-15%, Deputy Finance Minister Aleksey Sazanov said. In 2021, Russia implemented a progressive tax system with a basic rate of 13%, rising to 15% for those earning over 5 million rubles ($61,500) per…

According to Bloomberg, the wealth of Mark Zuckerberg, CEO of Meta, grew this year by $ 44 billion, and this is the fastest growth in capital among billionaires. “Mark Zuckerberg’s net worth increased by $44 billion this year. This is the fastest increase among other billionaires this year,” the agency said. It is noteworthy that the aforementioned businessman focused in 2022 on building the so-called “Metaverse” (a word for a word consisting of two parts, the first meta and the second Verse), with the aim of dominating in this field, “while spending everything that is necessary.” . According to the…

The “Knight Frank” real estate company expected that the number of wealthy people in Saudi Arabia would increase by 10.4% next year, so that the Kingdom would lead the countries of the Middle East in the rate of increase in the number of the wealthy. According to a report issued by the “Knight Frank” company specialized in real estate and wealth management, which is based in the British capital, London, the Middle East region ranked first in the world in the growth of the number of wealthy people in it, as their numbers increased by 16.9% during the past year…

Deputy Secretary of the Treasury Wally Adeyemo said last Wednesday the US Congress’ inaction in enabling the US to meet its obligations by raising the debt ceiling is the “greatest threat” to the US economy since the global pandemic. “The single greatest threat to the progress the American economy has made since the pandemic is Congress’s failure to take action to meet the United States’s obligations,” Adeyemo said at the National Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship (National ACE) 2023 Business Summit. He further warned that failing to raise the debt ceiling would lead up to a recession and…

Amid a growing rift, no deal has yet been achieved to avert the expected economic crisis. House Speaker Kevin McCarthy said Friday that Republicans have paused crunch US debt default talks less than two weeks before a potentially catastrophic default, citing a lack of movement from Democrats. “We’ve got to pause,” the Republican leader told journalists in Congress, adding, “We can’t be spending any more money next year.” Negotiators for President Joe Biden have been meeting with Republicans in an attempt to reach an agreement on raising the US borrowing limit and allowing the country to pay its existing debts. Republicans continue…

One well-known UK banker has warned that a post-Brexit Britain is in “geriatric decline.” A British media site reported that when adjusted for buying power parity, Poland’s GDP is currently £28,200, compared to £35,000 in the United Kingdom. Brexit has pushed the United Kingdom into a “sort of geriatric decline,” and it will be left in the dust in the not-too-distant future, according to renowned British entrepreneur Guy Hands. Hands, the head of the private equity firm Terra Firma, made the remarks on Friday on a British podcast. Hands predicted that the UK would be surpassed in wealth by Poland by 2030. “I…

Twenty-seven percent of those already getting food assistance from Secours Catholique “do not eat for days at a time.” A new study revealed that 16% of French people say they did not have enough food to eat at the end of last year. The ratio has risen dramatically in the last six months, rising from 12 to 16 percent, according to the Research Center for the Study and Observation of Living Conditions (Crédoc). This means that more than 10 million of France’s 68 million people do not get enough food. The center ascribed the discovery to an increase in the…