economy

Mexico to be Hardest Hit by Proposed 3.5% Remittance Tax: Center for Global Development

Mexico to be Hardest Hit by Proposed 3.5% Remittance Tax: Center for Global Development

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May 28, 2025

Introduction The Center for Global Development, a US-based think tank, warns that Mexico will be the most affected country among...

Most American Households Report Financial Stability Amidst Waning “Great Resignation” Impact

Most American Households Report Financial Stability Amidst Waning “Great Resignation” Impact

Web Editor
May 28, 2025

Background on the Survey and Key Findings According to a recent annual survey by the Federal Reserve, most American households...

German Government Agrees on Measures to Boost Sluggish Economy; Electricity Tax Reduction

German Government Agrees on Measures to Boost Sluggish Economy; Electricity Tax Reduction

Web Editor
May 28, 2025

Background on the Current Economic Situation in Germany The German economy is projected to contract by 0.3% this year, marking...

Mexico’s Central Bank Cuts Growth Forecast, Warns of Deeper Recession Risk

Mexico’s Central Bank Cuts Growth Forecast, Warns of Deeper Recession Risk

Web Editor
May 28, 2025

Background on Banco de México Banco de México, often abbreviated as Banxico, is the central bank of Mexico. Established in...

Japanese Central Bank Warns of Inflation Risk Amid Rising Food Prices

Japanese Central Bank Warns of Inflation Risk Amid Rising Food Prices

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May 27, 2025

Background on Kazuo Ueda and the Bank of Japan Kazuo Ueda, the governor of the Bank of Japan (BOJ), has...

EU Approves $150 Billion Loan Plan to Strengthen Defense Amid Russia Concerns and US Reliability Worries

EU Approves $150 Billion Loan Plan to Strengthen Defense Amid Russia Concerns and US Reliability Worries

Web Editor
May 27, 2025

Background on the EU and its Defense Initiatives The European Union (EU) has been actively working to bolster its defense...

US Consumer Confidence Surges in May Amid Trade Truce

US Consumer Confidence Surges in May Amid Trade Truce

Web Editor
May 27, 2025

Background on The Conference Board and its Consumer Confidence Index The Conference Board, a nonprofit organization dedicated to analyzing, informing,...

Mexico’s International Reserves Reach New Historical High

Mexico’s International Reserves Reach New Historical High

Web Editor
May 27, 2025

Background on Banco de México and its Reserves Banco de México, the central bank of Mexico, reported a new record...

Argentina Returns to Global Markets with Bond Sale

Argentina Returns to Global Markets with Bond Sale

Web Editor
May 27, 2025

Background on Argentina’s Financial Landscape Argentina, a South American nation with a history of economic challenges, is making significant strides...

Mexico’s Hacienda Warns of Regional Varied Impact from Remittance Tax; Neutral Effect on Public Finances

Mexico’s Hacienda Warns of Regional Varied Impact from Remittance Tax; Neutral Effect on Public Finances

Web Editor
May 27, 2025

Introduction to the Remittance Tax Proposal by U.S. Government The Mexican Secretariat of Finance and Public Credit (SHCP) has stated...

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