US treasury secretary Scott Bessent

US to Be Exempt from Global Tax Deal Targeting Multinational Profits as OECD Waters Down Landmark 2021 Minimum Tax Pact

Nearly 150 countries have signed off on a reworked global tax agreement aimed at curbing profit shifting by multinational corporations, but a major exemption for the United States has sparked backlash from tax transparency advocates, who warn the deal risks...
China Economic Data

China Evergrande’s Liquidation Could Affect Global Economy

China's liquidation order for Evergrande Group from a Hong Kong court is not a "Lehman moment" but rather a move that catalyzes Beijing to address its property crisis. The People's Bank of China has lowered the reserve requirement ratio (RRR)...
Digital Nomads

Why is Open Digital Trade Crucial for Global Economy?

Digital trade, including software sales and streaming movies, is playing a significant role in the global economy. However, many developing countries struggle to fully participate in this trade, leading to policy reforms that promote inclusion. Digital trade offers unique benefits...