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Legislation to double GST credit for six months receives Royal Assent! Life is affordable for the Canadian as the Bill C-30, the Cost of Living Relief Act, No 1 (Trageted Tax Relief) receives Royal Assent, doubling the goods and services Tax credit for six months. This is eligible to the Canadians who are already receiving […]
Ishaq Dar orders SBP to release the LCs worth $50,000 Federal Finance and Revenue Minister Ishaq Dar Sunday announced that the pending payment of the $50,000 Letter of Credit (LC) would be completed within a week. At a press conference, Dar revealed that the decision to assist was made after consultation with the Governor of […]
Academics insist on rate cut Against further hikes in the central bank’s benchmark interest rate, academics are calling for cuts to provide liquidity to companies. The ongoing interest rate hike has increased the number of interest payments on the country’s debt which continues to grow. Interest rates also remain a catalyst for domestic inflation growth. […]
Cup of coffee is “almost a luxury” in EU Coffee prices in the EU rose 16.9% in August from last year, according to the latest figures from the bloc’s statistics office. Coffee is a drink made from roasted coffee beans. Dark, bitter and slightly acidic coffee has a stimulating effect on people, mainly because of […]
ECB Increases Rates by 75 Basis Points to Tame Soaring Inflation The European Central Bank (ECB) made its greatest increase in interest rates on Thursday. According to the report, the ECB has followed the United States Federal Reserve and other central banks in a global stampede of rapid increases in rates aimed at domesticating record […]
Real Inflation Fighter of the Stock Market May Surprise You With inflation still increasing and with US stock dropping 4% in August and 16% so far this year, many people suddenly seem to ask if we are in a sad market repetition of 1966-82. The best investors always consider the worst scenarios. And market scenarios […]
German leader, Chancellor Schultz announced this inflation relief plan this morning. The Germany inflation relief plan came after all night talks with his coalition partners, the greens, and the liberals. This is the third package that Germany has come out with to try to combat inflation and it is by far the biggest at 65 […]
Protests in Prague, Building Pressure on Czech Govt to Control Soaring Energy Prices It is estimated that 70,000 people protested in Prague against the Czech government on Saturday, calling for ruling coalitions to do more to control the energy prices that surged and voiced opposition to the European Union and NATO. The organizer of protests […]
GERMANY’S INFLATION CLIMBS TO 7.9% IN AUGUST After falling for two months, inflation in Germany reached a record high of 7.9% in August, according to preliminary figures published Tuesday by the Federal Statistical Office (Destatis). This figure is above the market estimate of 7.8%. “The price of energy, in particular, has increased rapidly since the […]
Gold sees some relief as Dollar resists 20-year High The price of gold recovered a little on Tuesday, taking some relief because the dollar showed resistance and dropped from the top of 20 years, although the Hawkish signal from the Federal Reserve still burdened the market. Gold at the point increased by $ 1,738.55 per […]