Tag: Economic Policy
-
Finance Ministry blasts IDF overspending—and unveils 2026 budget with new bank tax
Overview: A watershed moment in Israel’s 2026 budget planning The Finance Ministry released the guiding principles for Israel’s 2026 state budget, setting the stage for a political and budgetary showdown with the Defense Ministry. Senior treasury officials publicly accused the military of inefficiency and, in some descriptions, criminal-like practices of overspending. The debate highlights a…
-
Liberal Budget 2025: Carney’s Bold Growth Plan for Canada
Overview: A Budget Built for Turbulent Times Finance Minister François-Philippe Champagne unveils the Liberal government’s first budget under a new administration, signaling a shift toward what he describes as “generational investments.” The package aims to bolster growth, shield households from tariff shocks, and position Canada for a longer runway of economic resilience. Prime Minister and…
-
Why Michele Bullock is Relieved to Keep Rates on Hold as Markets Shift
Introduction: A Calculated Pause in uncertain times As global markets wobble and inflation pressures ebb and flow, central banks face a delicate balancing act. Michele Bullock, governor of the Reserve Bank of Australia (RBA), has signaled relief and prudence by opting to hold rates steady rather than rush into another tightening cycle. Her decision reflects…
-
Africa Calls for Domestic Capital to Fuel Its Growth at AFIS 2025
AFIS 2025 Opens with a Bold Call for Domestic Capital The inaugural session of the Africa Financial Industry Summit (AFIS) 2025 in Casablanca set a decisive tone for Africa’s economic future. Leaders from across the continent urged nations to deepen financial self-reliance by mobilizing domestic capital, strengthening financial markets, and directing investment toward infrastructure, SME…
-
Supreme Court Hears Key Challenge to Trump Tariff Regime
Overview: A High-Stakes Legal Question The U.S. Supreme Court is poised to hear arguments on a central question that could redefine how presidential emergency powers intersect with trade policy. At stake is the legitimacy and reach of tariffs imposed under a discretionary authority that the Trump administration invoked to address perceived national-security or economic concerns.…
-
LCBO’s Silence: Ontario Won’t Disclose U.S. Liquor Stockpile Details Amid Retaliation Clash
Background: A Tense Trade Moment Between Ontario and the United States Ontario’s provincial liquor monopoly, the LCBO, is drawing scrutiny for its refusal to disclose specifics about a large stockpile of American alcohol products. Valued at roughly $79.1 million at cost, these items were pulled from store shelves as part of a broader dispute that…
-
Urgent reforms urged as workers face widening inequality
Overview: A warning from the ILO A new assessment by the International Labour Organization (ILO) warns that the global work landscape is tilting toward greater inequality unless urgent reforms are enacted. The report places the dignity and rights of workers at the center of economic decision-making and calls on governments, employers, and labor organizations to…
-
Sharing Experiences: Navigating Australia’s Housing Market in 2025
Introduction: A Snapshot of the Australian Housing Landscape Many Australians are weighing the options between buying their first home and securing a stable, affordable rental. The housing market has shifted in recent years, with rising prices in major cities and fluctuating interest rates testing both prospective buyers and renters. For households at the outset of…
-
Unemployment Watch: Grim Signals or a Turning Point for the Jobs Market?
Unemployment Watch: What the November Jobs Report Could Reveal Trading floor chatter and policy debates have framed the upcoming jobs report as a potential inflection point for the labor market. With data due on Wednesday, November 5, analysts will be watching closely to see whether the unemployment rate keeps rising, stabilizes, or begins a slow…
-
Governments must invest more in preparing workers for AI, says PM Wong
New Call for Public Investment in AI-Ready Skills Gyeongju, South Korea — Prime Minister Lawrence Wong delivered a pointed message on the role of government in the AI era, arguing that preparing workers for artificial intelligence is a national priority and cannot be left to market forces alone. Speaking to business leaders and policymakers at…