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Panama Election: Mulino Steps Up
This Sunday, Panama holds a key presidential election with José Raúl Mulino, linked to ex-president Ricardo Martinelli, as the frontrunner. He pledges to tackle migration issues, fight drug trafficking, and rejuvenate Panama’s faltering economy. In the early 2000s, Panama enjoyed economic prosperity, ranking among the most profitable emerging markets. The country boasted high growth rates […]
More than 130 OECD countries approve new global corporate tax plan
More than 130 countries in the Organization for Economic Cooperation and Development (OECD) have endorsed a global tax plan aimed at ensuring fair taxation for companies based on their operational presence rather than just their headquarters. Out of the 143 countries in the group, only Canada, Belarus, Pakistan, Russia, and Sri Lanka have yet to […]
BMW and Mercedes Face Sales Slump in Cooling Chinese Market
German luxury carmakers BMW and Mercedes-Benz reported declining sales for the third quarter of 2024. BMW experienced a 13% drop in overall sales, while Mercedes-Benz saw a 3% decrease. China, the world’s largest automotive market, played a significant role in this downturn. BMW’s sales in China fell by a third, marking their steepest decline in […]