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Business / 48 weeks ago
CISA, NSA, and FBI warn of Chinese cyber threats to U.S. critical infrastructure
The United States faces growing threats to its critical infrastructure as the Cybersecurity and Infrastructure Security Agency (CISA), National Security Agency (NSA), and FBI jointly warn of cyberattacks orchestrated by Chinese state-sponsored actors. These attacks, targeting vital sectors such as Communications, Energy, Transportation Systems, and Water and Wastewater Systems, have raised alarms over potential future disruptions to national security. European Repository of Cyber Incidents (EuRepoC) reveals that Volt Typhoon—also known as Vanguard Panda—has been identified as a key perpetrator in infiltrating critical systems. The group’s activities suggest a long-term strategy of positioning themselves for potential disruptive cyberattacks, underscoring the increasing sophistication and persistence of state-sponsored cyber threats.
Business / 48 weeks ago
Central banks turn to gold as global volatility rises
As economic uncertainty and geopolitical tensions intensify, central banks worldwide increasingly turn to gold as a financial safeguard. Gold reserves, seen as a stable and reliable anchor, have become an essential part of the government's strategies to ensure fiscal security. These reserves act as a tangible backstop for national wealth, insulating economies from currency fluctuations and rising inflation. Recent research by the World Gold Council reveals significant increases in gold holdings by several countries, reflecting their proactive approach to economic stability. China has emerged as a leading buyer, maintaining a 15-month streak of gold purchases. This move aligns with Beijing's broader efforts to diversify its foreign exchange reserves and reduce reliance on the U.S. dollar. With global trade dynamics shifting and geopolitical risks on the rise, China's aggressive accumulation of gold underscores its commitment to securing its economy against external shocks.
Business / 48 weeks ago
Top personal income tax rates in Europe: Balancing welfare and economic goals
Europe's personal income tax rates reveal a striking contrast between countries, highlighting differing approaches to funding public services and achieving economic priorities. Among European OECD countries, the average personal income tax rate stands at 42.8%, with some nations adopting highly progressive systems to ensure equitable contributions from higher earners. According to European Commission, At the top of the list, Denmark imposes the highest personal income tax rate in Europe at 55.9%. Renowned for its expansive social welfare programs, the country is also among the wealthiest globally, ranking sixth in wealth per capita. However, Denmark is not resting on its laurels; comprehensive tax reforms slated for 2026 aim to stimulate economic growth, enhance fairness, and promote sustainability initiatives, reflecting the country's commitment to long-term progress.
Business / 49 weeks ago
The UK’s global trade: A snapshot of top partners and key Imports
With a $3.6 trillion economy, the United Kingdom stands as the sixth-largest economy in the world and remains a crucial player in international trade. Despite its exit from the European Union, the UK maintains a robust global trading network, with significant contributions from key partners such as Germany, the United States, and China. Office for National Statistics reveals that Germany is the UK’s top import partner, accounting for £74 billion of the UK’s £518 billion total import bill—approximately 13%. German exports to the UK are dominated by high-value goods, including cars, industrial machinery, and medicines, reinforcing Germany's role as a critical supplier of advanced technology and pharmaceuticals.
Business / 49 weeks ago
Top 10 billionaires in Africa in 2024
Like many regions globally, Africa is home to some of the world's wealthiest individuals, whose fortunes span various industries from cement and telecommunications to luxury goods and mining. According to Forbes' 2024 list, here are the top 10 billionaires in Africa:
Business / 1 year ago
Top 10 countries with the highest self-employment rates
With the growing unemployment rates due to the state of the global economy, it has only become common for individuals to start businesses. In some countries, especially in Africa, it will only take a miracle to be employed in the public or private sector two or three years after tertiary education.
