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Federal incentives for clean energy, including tax credits for electric vehicles and energy-efficient appliances, may be at risk with the incoming administration. While the Inflation Reduction Act has spurred significant investments and job creation, GOP leaders express mixed feelings about its potential repeal. Experts advise homeowners to act quickly to take advantage of these benefits before any changes occur.
A luxurious Rs 120 crore triplex penthouse in Mumbai's Lower Parel is proving elusive for even the wealthiest buyers due to a rigorous screening process. The owner seeks a buyer who meets specific financial and reputational criteria, ruling out many, including Bollywood stars. "Money can’t actually buy this," stated Nishant Agarwal, emphasizing the importance of finding the right individual.
The dollar is set to achieve its longest winning streak since February, with seven consecutive weekly gains, as traders anticipate that President-elect Donald Trump's policies will bolster the US currency. The Bloomberg Dollar Spot Index increased by 1.5% over the week, despite a slight decline on Friday, while the British pound struggled against the greenback.
Swiss economic growth has slowed, with the third quarter showing a 0.2% increase in gross domestic product, down from 0.5% in the previous quarter. This decline reflects the impact of a strong franc and weak foreign demand on the export-driven economy, according to the State Secretariat for Economic Affairs. The latest figures align with median estimates from a Bloomberg survey.
South Africa’s environment minister, Dion George, stated that the $1.3 trillion annual climate finance target set by developing nations is achievable. He emphasized the need for greater clarity regarding the climate finance intentions of both China and the US.
Late-season storms Usagi and Typhoon Man-yi are poised to impact the Philippines and Taiwan this weekend, marking a peak in storm activity in the western Pacific. This year’s tropical cyclones have hindered third-quarter growth in the Philippines, resulting in over $220 million in crop losses, while Taiwan's stock exchange faced three trading suspensions, the first since 2015.
The Chicago City Council unanimously rejected Mayor Brandon Johnson's $300 million property tax hike aimed at closing a nearly $1 billion budget gap for next year. All 50 aldermen opposed the increase, citing rising home valuations and the need to protect city services. Johnson now faces the challenge of balancing the budget without raising property taxes, emphasizing the need for the wealthy and corporations to contribute fairly.
Zimbabwe's economy is showing resilience despite facing a severe drought and a history of capital market exclusion since a 1999 debt default. Finance Minister Mthuli Ncube announced that the economy is projected to grow by 2%, attributing this positive outlook to improved management and living within means.
The global economic landscape has shifted, with the U.S. now seen as the leader, while China's growth outlook dims. Recent data reveals a significant trade surplus for China, driven by weak domestic demand and a decline in foreign investment, raising concerns about its economic stability. Efforts to stimulate growth face challenges from a struggling real estate sector and regulatory crackdowns on various industries.
China's economy is expected to show a modest recovery, with early indicators suggesting growth in industrial output and retail sales for October, following government stimulus measures initiated in late September. Support for the housing market likely boosted home sales, while a long holiday in early October enhanced retail and tourism spending. Data on these trends will be released on Friday.
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18:01 17.11.2024
exclusive penthouse in mumbai faces buyer scrutiny despite high price tag
13:28 17.11.2024
dollar achieves longest winning streak since february amid trump's election victory
16:37 15.11.2024
swiss economic growth slows amid manufacturing challenges and weak foreign demand
09:00 15.11.2024
south africa's environment minister calls 1.3 trillion climate finance target achievable
06:24 15.11.2024
tropical storms threaten philippines and taiwan amid record storm activity
05:12 15.11.2024
chicago city council rejects mayor's property tax increase proposal
22:48 14.11.2024
zimbabwe's economy shows resilience amid severe drought challenges
16:10 14.11.2024
China's Economic Struggles Highlight Shift in Global Trade Dynamics
08:55 14.11.2024
China's economy shows signs of recovery following recent stimulus measures
23:00 13.11.2024
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