recovery

Democracy is not a given

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Democracy is not a given

The fact described in the text is that the European Union created a video featuring elderly survivors of tragedies in Europe to remind people of the importance of democracy. These survivors share stories of their experiences with dictatorships and wars, including World War II, concentration camps, and the Prague Spring. The European Union is urging people to vote in order to combat the rise of the far-right and protect hard-earned rights. Only 50.6% of eligible voters participated in the previous European elections in 2019.

Demystifying health insurance: Coverage, plans, claims & more

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Demystifying health insurance: Coverage, plans, claims & more

Fact: Health insurance offers a wide range of medical services, including routine health check-ups, preventive care, hospitalization bills, and surgeries.

UK house prices fall unexpectedly in April

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UK house prices fall unexpectedly in April

British house prices fell unexpectedly for a second month in April, with a 0.4% decrease compared to the previous month. In annual terms, house price growth cooled to 0.6% from 1.6%.

Rep. Blake Moore, Treasury Secretary Janet Yellen argue over whether Trump-era tax cuts benefitted the middle class

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Rep. Blake Moore, Treasury Secretary Janet Yellen argue over whether Trump-era tax cuts benefitted the middle class

Tax policy has an impact on the economy, with Utah Rep. Blake Moore and Treasury Secretary Janet Yellen disagreeing on whether former President Donald Trump’s tax framework or President Joe Biden’s proposed one is more beneficial. Moore argues that the Tax Cuts and Jobs Act of 2017 helped strengthen the economy, while Yellen believes the Trump-era tax cuts disproportionately benefited the wealthy. Biden has proposed raising the corporate tax rate to 28%, with the administration aiming to increase taxes for billionaires and corporations to reduce the national debt. Yellen assures that families earning less than 0,000 will not face a tax hike under Biden’s plan.

German economy skirts recession, helped by construction and exports

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German economy skirts recession, helped by construction and exports

The German economy grew more than expected in the first quarter, with gross domestic product rising 0.2 per cent. The economy skirted a recession thanks to the construction sector and exports.

UK mortgage approvals hit 18-month high in March, Bank of England says

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UK mortgage approvals hit 18-month high in March, Bank of England says

The number of mortgages approved by British lenders rose to an 18-month high in March, with 61,325 mortgages approved, the highest total since September 2022.

Cyprus industrial production index rises in February

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Cyprus industrial production index rises in February

The Industrial Production Index in Cyprus increased by 6.7% year-on-year in February, reaching 103.4 points.

Biden Embraces a Wealth Tax to Address Racial Wealth Inequality

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Biden Embraces a Wealth Tax to Address Racial Wealth Inequality

President Biden and Treasury Secretary Janet Yellen have proposed a massive wealth tax redistribution scheme, including taxes on unrealized gains, in their Fiscal Year 2025 proposal.

Local business tax exemption for registered enterprises: Who has the final say?

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Local business tax exemption for registered enterprises: Who has the final say?

The text discusses the confusion and uncertainties faced by registered business enterprises (RBEs) with the Board of Investments (BOI) regarding the local business tax (LBT) exemption after the passing of the Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act). The Department of Justice (DOJ) provided guidance that the BOI still has the authority to certify enterprises as pioneer or non-pioneer for LBT exemption, despite the repeal of certain provisions under the Omnibus Investments Code of 1987 by the CREATE Act.

Flash floods, landslide kill at least 45 in central Kenya

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Flash floods, landslide kill at least 45 in central Kenya

Flash floods and a landslide in central Kenya killed at least 45 people and injured over 110 others.