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Billionaires abound in California. Why not tax their wealth?

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Xi wants China to boost demand. Why isn’t it working?

Activity is sputtering midway through 2026, undercutting efforts to galvanise the economy This development represents a significant shift in the current economic landscape, with potential implications for global markets and investors. Analysts are closely monitoring this situation, as it could have far-reaching consequences for international trade and financial stability. Industry experts suggest that this trend may continue to evolve in the coming months, creating new opportunities and challenges for businesses worldwide. 🔥 Massive Deal! Just US $11.58 for this trending pick! ⚡️📦 Baseus USB C HUB USB to Multi HDMI USB 3.0 RJ45 Carder Reader OTG Adapter USB Splitter for MacBook Pro Air USB Dock Type C HUB ✔️ Top verified consumer rating ✔️ Perfect for daily application ✔️ Limited inventory coupon discount 👉 Claim your promo deal here: 🛒 CLICK HERE TO BUY NOW * Affiliate link — We may earn a commission at no extra cost to you. 📰 Original source : https://www.ft.com/content/7db729...

It was billed as effortless London luxury. Then tenants found out the rules

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'I didn't speak the Queen's English': Why people worry about their accents

Image source, Mia Tanswell Image caption, Mia Tanswell says she became conscious of her accent when she started university By Marc Ashdown Business correspondent Published 24 August 2026, 00:25 BST Growing up in Manchester, Mia Tanswell didn't give her accent much thought - until her first week at university in Loughborough. "I knew people were going to notice that I was northern and that I didn't speak the 'Queen's English'," the 22-year-old says. "Definitely in seminars I would sometimes feel like my accent would sound a bit less intellectual than other people, especially if I was the only northern student in the classroom." She's not alone. Fresh polling seen by the BBC suggests many workers still see so-called "accent bias" as a problem. The survey found one in 10 people in Britain feel anxious or self-conscious about their accent in high stakes professional settings such as speaking up in a business meeting. The research, cond...

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Sonatrach-Ronesans: Final Investment Decision for Polypropylene Project in Turkey

Published: Monday, September 9, 2024 Sonatrach and its Turkish partner Ronesans Holding announced the Final Investment Decision (FID) for the propane dehydrogenation and polypropylene production project (PDHPP) in Turkey . The project will be located in the Ceyhan petrochemical industrial zone in Adana, Turkey, and will include a propane dehydrogenation unit (PDH), a polypropylene unit (PP), and shared utility and storage facilities. Sonatrach, through its subsidiary Sonatrach Petroleum Investment Corp (SPIC BV), holds a 34% stake in the project, while Ronesans Holding holds 66%. Sonatrach will supply propane under a long-term agreement based on global market prices. This project aligns with Sonatrach's strategy of international expansion and hydrocarbon valorization, particularly in the petrochemical sector.

EU wins two key legal cases against Apple and Google

The EU courts definitively ruled in favor of the European Commission on Tuesday against U.S. tech giants Apple and Google in two long-standing legal cases with significant financial stakes. "This is a great victory for European citizens" as well as "a victory for fair play and tax justice," said Competition Commissioner Margrethe Vestager, visibly emotional, during a press conference in Brussels. The European Court of Justice (ECJ), the final court of appeal, ruled that Apple must repay €13 billion in back taxes to Ireland for having benefited from undue tax advantages, which were deemed illegal state aid. The ruling forced Apple to announce an exceptional charge of up to $10 billion (€9 billion). A manageable burden for a company that posted a net profit of $97 billion (€88 billion) last year. In a separate ruling, the Luxembourg-based court upheld a €2.4 billion fine against Google for anti-competitive practices in the price comparison market. Both companies imm...

China is trying to fix its economy - Trump could derail those plans

China has unveiled new measures aimed at boosting its flagging economy, as it braces for a second Donald Trump presidency. The country plans to tackle tens of billions of dollars of local government debt to prevent it being a drag on growth. Trump won the US election on a platform that promised steep import taxes, including tariffs as high as 60% on Chinese-made goods. His victory is now likely to hinder Xi Jinping’s plans to transform the country into a technology powerhouse – and further strain relations between the world’s two biggest economies. A property slump, rising government debt and unemployment, and low consumption have slowed down Chinese growth since the pandemic. So the stakes are higher than ever for the latest announcement from the Standing Committee of the National People’s Congress (NPC), the executive body of China's legislature. During his first term in office Trump hit Chinese goods with tariffs of as much as 25%. China analyst Bill Bishop says Trump should be ...

Spain's manufacturing growth for November hit by Valencia flooding

Although manufacturing growth in Spain rose at a slower rate in November because of flooding, it was still above the key 50 level. Turkish manufacturing demand inched up but German and French figures failed to offer seasonal cheer. Spain's manufacturing figures showed a slight fall in November, according to the HCOB manufacturing Purchasing Managers' Index (PMI), coming in at 53.1 and down from 54.5 in October. That was less than analyst forecasts of 53.5. Output and news orders were lower, partly due to the heavy flooding in the eastern region of Valencia which caused widespread disruption across parts of Spain from the end of October, S&P Global reported. Even though growth was slower, it was still the 10th month in a row that Spain experienced manufacturing growth, bucking the general trend across Europe. New export orders rose at their highest rate since September 2021, with international sales also up. Purchasing and employment activity also rose although at a slower ...

What are the major solar energy projects around the world?

A ustralia has approved a massive solar power plant project designed to power millions of homes domestically and provide electricity to Singapore. This type of project is multiplying across the planet. Here’s an overview of mega solar power plants around the world. SunCable Project in Australia : The SunCable project is expected to produce 6 gigawatts (GW) and begin supplying electricity by 2030. Here’s a look at other major solar projects that have been announced, are under construction, or are already operational worldwide. Midong Solar Project in China: Most of the largest solar parks already in operation are located in China, which is increasing its renewable energy capacity at a much faster pace than the rest of the world. In June, the Midong solar energy project in the Xinjiang region was commissioned, with an operational capacity of 3.5 GW. The project is touted as the largest ever completed in China, overtaking two other giant projects in the Ningxia and Qinghai regions. Howeve...

What to take away from the China-Africa Summit 2024

From September 4 to 6, 2024, the Forum on China-Africa Cooperation (Focac) was held in Beijing, attended by around fifty African leaders. The Chinese President promised "financial support" of $50 billion to Africa over the next three years. Beyond political rhetoric, African leaders are expecting concrete measures, while Chinese authorities primarily focus on political gains. China is Africa's largest trading partner. In the first half of 2024, Beijing traded $167.8 billion with the African continent. In addition to this trade volume, Chinese President Xi Jinping promised financial support of $50 billion over three years. The goal is to strengthen economic and financial cooperation between China and African countries. Half of this amount will be in the form of loans, which will continue to increase Africa's debt to China. According to Xi Jinping, these additional $50 billion will create "at least one million jobs" on the continent. "China is ready to ...

Decarbonisation: Lessons from the British Library Project

This giant solar heating system will help keep the Magna Carta at the perfect temperature. Home to the Magna Carta and a collection of handwritten Beatles lyrics, the British Library is a treasure trove of historic artefacts - but that doesn’t mean it’s stuck in the past. The UK institution recently installed the country’s largest solar heat installation in a bid to keep bookworms cosy while slashing carbon emissions. Spanning more than 712 square metres, the installation is made up of 950 solar collectors tucked away on the library’s roof. It is expected to reduce the London building’s CO2 emissions by 55 tonnes a year. Simultaneously, it will generate 216 MWh of energy annually - enough to power and heat a community centre or swimming pool for a year.

Sony to launch PlayStation 5 Pro on November 7

Sony said Tuesday ( Tuesday 10 Sep 2024) it would launch an upgraded version of its flagship games console with better graphics and AI capabilities on November 7, calling it PlayStation 5 Pro. The Japanese firm's gaming division has endured tough times this year, with PlayStation 5 missing its sales targets and PlayStation announcing 900 job cuts in February. The gaming industry is struggling with a wider downturn as the investment that poured into the sector during Covid has largely dried up. In a short video announcement, PlayStation's lead architect Mark Cerny showed off the capabilities of the new console, which will retail for $700 and 800 euros, roughly 250 euros more than the current PlayStation 5. He trumpeted hardware improvements that allowed games to run much faster, with better rendering of light and an AI system that provided sharper images. "Simply put it's the most powerful console we've ever built and a worthy edition to the PS5 family," he sa...

Nissan to lay off thousands of workers as sales drop

Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US . The Japanese car making giant says it will cut 9,000 jobs around the world in a cost saving effort that will see its global production reduced by a fifth. Nissan did not immediately respond to a request from BBC News for details on where the job cuts will be made. The company employs more than 6,000 people at its manufacturing plant in Sunderland, North East England. The company also cut its operating profit forecasts for 2024 by 70%. It was the second time this year that the firm has lowered its outlook. “These turnaround measures do not imply that the company is shrinking," said Nissan's chief executive Makoto Uchida. "Nissan will restructure its business to become leaner and more resilient." The company said Mr Uchida's monthly salary is being cut by half and that other senior executives will also take pay cuts. Nissan's shar...

5 Highly Demanded Professional Sectors for the Future (and the Skills Needed to Succeed)

The job market is evolving faster than ever, and many current jobs will soon disappear. According to a recent study by the World Economic Forum, two main factors are changing the game: the emergence of new technologies, automation, and the shift towards a green and sustainable economy. The rapid advancement of new technologies, such as Big Data, cloud computing, and artificial intelligence, is expected to bring about radical changes in the job market. The good news is that the advent of new technologies is boosting the economy as a whole and, while destroying some jobs, it is also creating many others. In fact, when a company can do more with fewer resources, it naturally expands. Researchers at the World Economic Forum claim that nearly a quarter of current professions will change in the next five years. Therefore, to succeed in an increasingly competitive job market, it will be necessary to constantly acquire new skills and refine one's abilities. Key Skills Technical literacy is...

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Sonatrach-Ronesans: Final Investment Decision for Polypropylene Project in Turkey

Published: Monday, September 9, 2024 Sonatrach and its Turkish partner Ronesans Holding announced the Final Investment Decision (FID) for the propane dehydrogenation and polypropylene production project (PDHPP) in Turkey . The project will be located in the Ceyhan petrochemical industrial zone in Adana, Turkey, and will include a propane dehydrogenation unit (PDH), a polypropylene unit (PP), and shared utility and storage facilities. Sonatrach, through its subsidiary Sonatrach Petroleum Investment Corp (SPIC BV), holds a 34% stake in the project, while Ronesans Holding holds 66%. Sonatrach will supply propane under a long-term agreement based on global market prices. This project aligns with Sonatrach's strategy of international expansion and hydrocarbon valorization, particularly in the petrochemical sector.

EU wins two key legal cases against Apple and Google

The EU courts definitively ruled in favor of the European Commission on Tuesday against U.S. tech giants Apple and Google in two long-standing legal cases with significant financial stakes. "This is a great victory for European citizens" as well as "a victory for fair play and tax justice," said Competition Commissioner Margrethe Vestager, visibly emotional, during a press conference in Brussels. The European Court of Justice (ECJ), the final court of appeal, ruled that Apple must repay €13 billion in back taxes to Ireland for having benefited from undue tax advantages, which were deemed illegal state aid. The ruling forced Apple to announce an exceptional charge of up to $10 billion (€9 billion). A manageable burden for a company that posted a net profit of $97 billion (€88 billion) last year. In a separate ruling, the Luxembourg-based court upheld a €2.4 billion fine against Google for anti-competitive practices in the price comparison market. Both companies imm...

China is trying to fix its economy - Trump could derail those plans

China has unveiled new measures aimed at boosting its flagging economy, as it braces for a second Donald Trump presidency. The country plans to tackle tens of billions of dollars of local government debt to prevent it being a drag on growth. Trump won the US election on a platform that promised steep import taxes, including tariffs as high as 60% on Chinese-made goods. His victory is now likely to hinder Xi Jinping’s plans to transform the country into a technology powerhouse – and further strain relations between the world’s two biggest economies. A property slump, rising government debt and unemployment, and low consumption have slowed down Chinese growth since the pandemic. So the stakes are higher than ever for the latest announcement from the Standing Committee of the National People’s Congress (NPC), the executive body of China's legislature. During his first term in office Trump hit Chinese goods with tariffs of as much as 25%. China analyst Bill Bishop says Trump should be ...

Spain's manufacturing growth for November hit by Valencia flooding

Although manufacturing growth in Spain rose at a slower rate in November because of flooding, it was still above the key 50 level. Turkish manufacturing demand inched up but German and French figures failed to offer seasonal cheer. Spain's manufacturing figures showed a slight fall in November, according to the HCOB manufacturing Purchasing Managers' Index (PMI), coming in at 53.1 and down from 54.5 in October. That was less than analyst forecasts of 53.5. Output and news orders were lower, partly due to the heavy flooding in the eastern region of Valencia which caused widespread disruption across parts of Spain from the end of October, S&P Global reported. Even though growth was slower, it was still the 10th month in a row that Spain experienced manufacturing growth, bucking the general trend across Europe. New export orders rose at their highest rate since September 2021, with international sales also up. Purchasing and employment activity also rose although at a slower ...

What are the major solar energy projects around the world?

A ustralia has approved a massive solar power plant project designed to power millions of homes domestically and provide electricity to Singapore. This type of project is multiplying across the planet. Here’s an overview of mega solar power plants around the world. SunCable Project in Australia : The SunCable project is expected to produce 6 gigawatts (GW) and begin supplying electricity by 2030. Here’s a look at other major solar projects that have been announced, are under construction, or are already operational worldwide. Midong Solar Project in China: Most of the largest solar parks already in operation are located in China, which is increasing its renewable energy capacity at a much faster pace than the rest of the world. In June, the Midong solar energy project in the Xinjiang region was commissioned, with an operational capacity of 3.5 GW. The project is touted as the largest ever completed in China, overtaking two other giant projects in the Ningxia and Qinghai regions. Howeve...

What to take away from the China-Africa Summit 2024

From September 4 to 6, 2024, the Forum on China-Africa Cooperation (Focac) was held in Beijing, attended by around fifty African leaders. The Chinese President promised "financial support" of $50 billion to Africa over the next three years. Beyond political rhetoric, African leaders are expecting concrete measures, while Chinese authorities primarily focus on political gains. China is Africa's largest trading partner. In the first half of 2024, Beijing traded $167.8 billion with the African continent. In addition to this trade volume, Chinese President Xi Jinping promised financial support of $50 billion over three years. The goal is to strengthen economic and financial cooperation between China and African countries. Half of this amount will be in the form of loans, which will continue to increase Africa's debt to China. According to Xi Jinping, these additional $50 billion will create "at least one million jobs" on the continent. "China is ready to ...

Decarbonisation: Lessons from the British Library Project

This giant solar heating system will help keep the Magna Carta at the perfect temperature. Home to the Magna Carta and a collection of handwritten Beatles lyrics, the British Library is a treasure trove of historic artefacts - but that doesn’t mean it’s stuck in the past. The UK institution recently installed the country’s largest solar heat installation in a bid to keep bookworms cosy while slashing carbon emissions. Spanning more than 712 square metres, the installation is made up of 950 solar collectors tucked away on the library’s roof. It is expected to reduce the London building’s CO2 emissions by 55 tonnes a year. Simultaneously, it will generate 216 MWh of energy annually - enough to power and heat a community centre or swimming pool for a year.

Sony to launch PlayStation 5 Pro on November 7

Sony said Tuesday ( Tuesday 10 Sep 2024) it would launch an upgraded version of its flagship games console with better graphics and AI capabilities on November 7, calling it PlayStation 5 Pro. The Japanese firm's gaming division has endured tough times this year, with PlayStation 5 missing its sales targets and PlayStation announcing 900 job cuts in February. The gaming industry is struggling with a wider downturn as the investment that poured into the sector during Covid has largely dried up. In a short video announcement, PlayStation's lead architect Mark Cerny showed off the capabilities of the new console, which will retail for $700 and 800 euros, roughly 250 euros more than the current PlayStation 5. He trumpeted hardware improvements that allowed games to run much faster, with better rendering of light and an AI system that provided sharper images. "Simply put it's the most powerful console we've ever built and a worthy edition to the PS5 family," he sa...

Nissan to lay off thousands of workers as sales drop

Nissan has said it will lay off thousands of workers as it slashes global production to tackle a drop in sales in China and the US . The Japanese car making giant says it will cut 9,000 jobs around the world in a cost saving effort that will see its global production reduced by a fifth. Nissan did not immediately respond to a request from BBC News for details on where the job cuts will be made. The company employs more than 6,000 people at its manufacturing plant in Sunderland, North East England. The company also cut its operating profit forecasts for 2024 by 70%. It was the second time this year that the firm has lowered its outlook. “These turnaround measures do not imply that the company is shrinking," said Nissan's chief executive Makoto Uchida. "Nissan will restructure its business to become leaner and more resilient." The company said Mr Uchida's monthly salary is being cut by half and that other senior executives will also take pay cuts. Nissan's shar...

5 Highly Demanded Professional Sectors for the Future (and the Skills Needed to Succeed)

The job market is evolving faster than ever, and many current jobs will soon disappear. According to a recent study by the World Economic Forum, two main factors are changing the game: the emergence of new technologies, automation, and the shift towards a green and sustainable economy. The rapid advancement of new technologies, such as Big Data, cloud computing, and artificial intelligence, is expected to bring about radical changes in the job market. The good news is that the advent of new technologies is boosting the economy as a whole and, while destroying some jobs, it is also creating many others. In fact, when a company can do more with fewer resources, it naturally expands. Researchers at the World Economic Forum claim that nearly a quarter of current professions will change in the next five years. Therefore, to succeed in an increasingly competitive job market, it will be necessary to constantly acquire new skills and refine one's abilities. Key Skills Technical literacy is...

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