Search Results for: Chinese economy

Russia-Ukraine

The Sanctioning Russia Act of 2025: A bold strike or economic overreach?

In the critical weeks ahead, the Sanctioning Russia Act of 2025 offers a bold signal of U.S. resolve but risks catastrophic miscalculation in a globally connected economy. Its immediate value lies in pressuring Russia, but its blunt tariffs could disrupt trade and alienate allies like India and China. Jun 24, 2025
Oman becomes first country in Gulf to impose income tax

Oman becomes first country in Gulf to impose income tax

The 5 per cent tax will kick in from January 2028 and only applies to annual income of 42,000 rials ($109,000). The move will bring into the tax ambit only the top 1 per cent earners, the state-run Omani News Agency has reported. Jun 23, 2025
India's forex reserves increase to $698.95 billion

India's forex reserves increase to $698.95 billion

The country's forex kitty stood at $696.66 billion in the preceding week ended on June 6, registering an increase $5.17 billion. With a close to $7.5 billion rise over the fortnight, India's foreign exchange reserves are nearing the all-time high of $704.885 billion that was recorded at September-end last year. Jun 21, 2025
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