Ottawa, Canada – AFP The government of Canadian Prime Minister Justin Trudeau on Tuesday unveiled a federal budget that seeks to woo young voters while asking the wealthy to pay higher taxes. Trailing his main rival, conservative leader Pierre Poilievre, by more than 10 points, Trudeau must rally support from the millennials and Gen Z [&...
Ugandan President Yoweri Museven has inaugurated the national operations of the country’s first interest-free commercial Islamic bank. He highlighted its potential to boost Uganda’s financial sector and attract Muslim investors. Salaam Bank received its license in September, following parliamentary approval and Museveni’s end...
WASHINGTON – Fitch Ratings has downgraded the U.S.’ long-term foreign-currency credit rating to “AA+” from “AAA” with a stable outlook. That change reflects expected fiscal deterioration over the next three years and a high and growing general government debt burden. It also reflects debt limit standoffs an...
JAKARTA, Indonesia – Hong Kong is seeking to diversify its financial markets to be more accommodating to Islamic finance. This includes amending laws to create a tax structure for sukuk comparable to that for conventional bonds. Hong Kong is making several efforts to attract Islamic finance and strengthen its ties with Indonesia and othe...
Tesla CEO Elon Musk completed his $44 billion purchase of Twitter on Thursday. The richest man on the planet is now in control of one of the world’s most widely used social media and communication platforms. Musk swiftly fired several top executives including CEO Parag Agrawal. “The bird is freed,” Musk tweeted late Thursday....
KYIV, Ukraine (AA) – Ukraine’s president urged the European Union on Thursday to speed up shipments of air defense systems, noting that nearly a third of the country’s power stations have been destroyed in Russian attacks. In a video address to an EU leaders meeting in Brussels, Volodymyr Zelenskyy discussed the latest developments regar...
The U.S. Senate on Sunday barely passed a $430 billion bill intended to fight climate change, lower drug prices, and raise some corporate taxes. The 51-50 party-line vote needed Vice President Kamala Harris to cast the tie-breaking ballot. Thanks to Senator Kyrsten Sinema (D-AZ), there was a huge, last-minute win for the private equity and hed...
On Aug 7 2022, Senate Democrats sided with American families over special interests, voting to lower the cost of prescription drugs, health insurance, and everyday energy costs and reduce the deficit, while making the wealthiest corporations finally pay their fair share. I ran for President promising to make government work for working famili...
ISTANBUL (AA) – Iran’s Tehran Stock Exchange on Tuesday launched trading in Iranian rial/Russian ruble. Some 2 million rubles traded in the Iranian stock market on Tuesday – with a ratio of 5,390 rials per ruble, Iran’s state-run news agency IRNA reported. The rial/ruble transactions began in the wake of Russian President Vladimir ...
A 2018 report by investment bank Morgan Stanley found 23,000 Indian millionaires had left the country since 2014. A recent Global Wealth Migration Review report revealed nearly 5,000 millionaires, or 2% of all high net-worth people in India, left the country in 2020 alone. Bob Dhillon, Canadian-Indian real estate magnate and chief executive o...
