Latest in Economics
Bloomberg
8 minutes ago
- Business
- Bloomberg
Bloomberg Intelligence: Trump Hints He'll Hold Off Iran Strike, Give Diplomacy Time
Watch Alix and Paul LIVE every day on YouTube: Bloomberg Intelligence hosted by Paul Sweeney and Mike Regan Cliff Kupchan, Chairman at Eurasia Group, discusses the latest out of Mideast US President Donald Trump signals he will give diplomacy a chance before deciding whether to strike Iran, saying he will make his decision within the next two weeks. Liz Hart, President of Leasing for North America, joins to discuss the latest in the commercial real estate sector. Ira Jersey, Bloomberg Intelligence Chief US Interest Rate Strategist, discusses the latest Fed Meeting as well as Fed Reserve Governor Wallers recent comments. Federal Reserve Governor Christopher Waller said the central bank can lower interest rates as soon as next month.
CTV News
10 minutes ago
- Business
- CTV News
Savings from Alberta's new personal income tax system to start in July, government says
An aerial view of the Alberta legislature in downtown Edmonton June 9, 2025. (Cam Wiebe / CTV News Edmonton) Some Albertans will start to see the effect of their new provincial personal income tax system next month. The treasury board and finance minister expects two million people will see a change on their pay cheque thanks to Alberta creating a new personal income tax bracket of eight per cent on the first $60,000 of income, which also shifts the threshold for higher brackets. The change could result in as much as an extra $750 per person in 2025, the government estimates, as well as a potentially higher tax return because the change is retroactive to Jan. 1. 'It's not just a tax cut. It's a clear sign that we're standing with Alberta families, helping them manage rising costs and plan for the future,' Minister Nate Horner said in a statement on Friday. The government also estimates taxpayers who earn less than $60,000 will pay 20 per cent less personal income tax. Tax rate 2024 tax brackets 2025 tax brackets 8% N/A Up to $60,000 10% Up to $148,269 $60,000.01 to $151,234 12% $148,269.01 to $177,922 $151,234.01 to $181,481 13% $177,922.01 to $237,230 $181,481.01 to $241,974 14% $237,230.01 to $355,845 $241,974.01 to $362,961 15% $355,845.01 and up $362,961.01 and up Premier Danielle Smith campaigned on a promise to cut taxes in 2023. With files from CTV News Edmonton's Brittany Ekelund and CTV Calgary's Alesia Fieldberg
The Hindu
15 minutes ago
- Business
- The Hindu
Bangladesh, Pakistan, China hold inaugural trilateral foreign office discussion
Bangladesh, Pakistan and China held an inaugural trilateral foreign office-level discussion this week in Kunming, the Ministry of Foreign Affairs of Pakistan has announced. The trilateral consultation was led by Chinese Vice Foreign Minister Sun Weidong, Bangladesh's Acting Foreign Secretary Ruhul Alam Siddique and Additional Foreign Secretary of Pakistan Imran Ahmed Siddiqui. Foreign Secretary of Pakistan Amna Baloch, who participated in the first Foreign Office Consultation with Bangladesh in one and half decades on April 17, 2025, participated in Thursday's (June 19, 2025) trilateral discussion via video link, said the Ministry of Foreign Affairs of Pakistan. 'In her remarks the Foreign Secretary Ambassador Amna commended the Chinese side for convening the inaugural meeting of the trilateral mechanism. Noting the common aspirations of the three sides for people-centric development, the Foreign Secretary expressed Pakistan's desire for a deeper engagement between China and South Asian countries,' said a press note from the Ministry of Foreign Affairs of Pakistan announcing the Bangladesh, China, Pakistan Trilateral Mechanism. This is the first such meeting between the three neighbours of India – China, Pakistan and Bangladesh – since Chief Adviser of the interim government of Bangladesh Prof Mohammed Yunus visited China during March 26-29 and also since India carried out Operation Sindoor in May when India and Pakistan clashed. During his China visit, Prof Yunus had addressed the business community in China and presented Bangladesh as a partner of China politically and commercially. Prof Yunus presented Bangladesh's long coastline as an advantage to the country and said Bangladesh is the 'only guardian of the ocean' and that China should access the market of northeast India through Bangladesh. The comment was cited as an irritant in Delhi-Dhaka relations by official sources in India later when India stopped the flow of textile apparel from Bangladesh through the land ports of India. The May 17 order also stopped entry of certain specified products from Bangladesh to the northeastern States of India. The discussion in Kunming coincided with Bangladesh-United States dialogue that was held between the interim government's National Security Adviser Dr Khalilur Rahman and U.S. Deputy Secretary of State Christopher Landau at the State Department in Washington DC on June 19. 'They discussed the Rohingya issue, ongoing tariff negotiations between Bangladesh and the U.S-, developments in South Asia, and the democratic transition in Bangladesh,' said a press statement issued by the office of Prof. Mohammed Yunus, Chief Adviser of the interim government of Bangladesh. Mention of the Rohingya issue after the bilateral discussion has brought to focus the so-called humanitarian corridor from Bangladesh to Myanmar's Rakhine province that Dr. Rahman has been championing in recent weeks. Rakhine-Chin-Sagaing region of Myanmar is of common interest of India, China and Bangladesh and in recent weeks, the United States has also indicated more interest in the strategically important area with the US Air Force personnel conducting a humanitarian assistance and disaster relief programme in May in the Cox's Bazar area.
Dubai Eye
15 minutes ago
- Business
- Dubai Eye
GCC policy dialogue to promote women's leadership in workforce
A policy dialogue on women's economic empowerment concluded in Dubai, with GCC countries backing efforts for joint legal reforms, childcare investment and enhanced knowledge exchange across institutions. Led by the UAE Gender Balance Council and the World Bank, the workshop brought together leaders from the UAE, Saudi Arabia and Bahrain to share strategies aimed at expanding women's participation in the workforce, particularly through support for childcare and maternity policies. The UAE emphasised its initiatives to enhance gender balance in the labour market, Saudi Arabia outlined advances in workforce participation and social insurance for women and Bahrain showcased national upskilling programs and empowerment strategies. A joint brief was presented to guide future cooperation, marking a key step toward building inclusive, opportunity-driven economies across the region. Sheikha Manal bint Mohammed bin Rashid Al Maktoum, President of the UAE Gender Balance Council, said, 'Women's economic empowerment is not simply a policy objective, it is a force for transformation. It strengthens institutions, drives innovation and ensures that progress is inclusive, resilient, and sustainable." Mona Al Marri, Vice President of the UAE Gender Balance Council, highlighted that "regional collaboration drives progress". "By uniting to promote gender balance, we amplify our collective impact and ensure that every woman in the GCC has the chance to contribute to shaping a more inclusive future," she added. Since its establishment in 2015, the Council has led policies, legal reforms and partnerships aimed at embedding gender balance across national institutions and economic systems.
Dubai Eye
15 minutes ago
- Business
- Dubai Eye
H.H. Sheikh Mohammed announces changes to UAE ministries
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has announced the establishment of the Ministry for Foreign Trade and renamed the Ministry of Economy under key changes to the government. In a post on social media, Sheikh Mohammed said the decision was made after consulting UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan. Dr. Thani Al Zeyoudi will be appointed Minister of Foreign Trade, and Ministry of Economy will be renamed as Ministry of Economy and Tourism, and headed by Abdullah bin Touq Al Marri. Sheikh Mohammed also added that the National Programme for Artificial Intelligence will have a vital role in decisions of the Cabinet, the Ministerial Development Council, and all boards of directors of federal entities and government companies, from January 2026. "The goal is to conduct immediate analyses of decisions, provide technical advice and enhance the efficiency of government policies," Sheikh Mohammed wrote. "The world is going through a comprehensive restructuring phase... scientifically, economically and socially... and our goal is to prepare today for the coming decades... "Our goal is to ensure continued prosperity and a decent life for future generations," Sheikh Mohammed added. الإخوة والأخوات .. بعد التشاور مع أخي رئيس الدولة حفظه الله واعتماده .. نعلن اليوم عن بعض التغييرات في حكومة دولة الإمارات كالتالي : — HH Sheikh Mohammed (@HHShkMohd) June 20, 2025
