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The Purchasing Managers’ Index (PMI) of Brazil’s industrial sector rose from 46.6 in June to 47.8 in July, marking its highest level in five months, according to a report by S&P Global on Tuesday (1). However, this marked the ninth consecutive month the PMI remained below the 50.0 threshold, which demarcates expansion from contraction. S&P […]
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 […]
Recent events have highlighted a concerted effort by Western nations to present a united front in response to several global challenges. These include political uncertainties in the US, ongoing conflict in Ukraine, and rising tensions with China. Biden-Scholz meeting strengthens Ukraine’s support and addresses China’s stance, especially potential support for Russia. Simultaneously, the European Union […]