#dieWIRTSCHAFTSPRAXIS-VW.THINKTANK I NEWS.BLOG

Ukrainian officials are preparing for the International Monetary Fund this week to push it to devalue its currency faster, cut interest rates and strengthen its tax-raising efforts to fill the country’s budget gap, according to people familiar with the situation.

Vice President Kamala Harris called for a 28% capital gains tax rate on people earning $1 million or more, touting it as a measure that would ensure the wealthy paid their fair share as she sought to detail her economic agenda and draw a contrast with Republican rival Donald Trump.

China is considering cutting interest rates on as much as $5.3 trillion of mortgages in two steps to lower borrowing costs for millions of families while mitigating the profit squeeze on its banking system.

Federal Reserve Bank of Atlanta President Raphael Bostic said the central bank’s two mandates — stable prices and maximum employment — are now in balance for the first time since 2021, though he added he is “not quite prepared” to declare victory over inflation.

US job openings fell in July to the lowest Sinne the start of 2021 and layoffs rose, consistent with other signs of slowing demand for workers.

Republican nominee Donald Trump and running mate JD Vance are campaigning on a grab bag of tax cut proposals that could collectively cost as much as $10.5 trillion over a decade, a massive sum that would exceed the combined budgets of every domestic federal agency.

Volvo Car AB abandoned a target to sell only fully electric cars by the end of this decade, the latest manufacturer to walk back its EV ambitions due to waning demand.

Einen Tag nach dem folgenschweren Raketenangriff auf die zentralukrainische Stadt Poltawa hat die russische Armee auch in der Nacht auf Mittwoch ukrainische Städte ins Visier genommen. Neben Kiew wurde auch Lwiw im Westen des Landes Ziel russischer Angriffe. In der Ukraine steht überdies eine größere Regierungsumbildung an, davon betroffen ist auch der bisherige Außenminister Dmytro Kuleba.

Hotels, Kreuzfahrten, Flüge: Der Beitrag der Reisebranche zum globalen Bruttoinlandsprodukt (BIP) wird in diesem Jahr laut einer Prognose des weltweit größten Branchenverbandes World Travel & Tourism Council (WTTC) erneut deutlich steigen. Im Vergleich zum Vorjahr wird ein Plus von 12,1 Prozent erwartet, wie der WTTC am Dienstag bei der Präsentation seines Jahresberichtes prognostizierte.

Volkswagen AG defended plans to consider unprecedented factory closures in Germany, saying flagging car sales have left the company with about two plants too many.

Catch up: Nvidia shares plunge; Ukraine reshuffles its government

Oil sank even further after crashing to the lowest level this year on concern that fragile demand and restored supplies from OPEC+ will create a new glut.

Stocks in Asia were poised for losses after US benchmarks posted their worst day since the Aug. 5 market meltdown, with concerns about growth and monetary policy combining to torch risky assets.

China’s services activity expanded less than expected, a private survey showed, adding to worries over the economy’s health.

The US Justice Department sent subpoenas to Nvidia Corp. and other companies as it seeks evidence that the chipmaker violated antitrust laws, an escalation of its investigation into the dominant AI computing provider.

Stocks posted their worst day since the Aug. 5 market meltdown, with the S&P 500 falling more than 2%, as growth and monetary anxieties combined to torch risky assets much as they did a month earlier.

The Libyan central banker at the heart of a power struggle between the OPEC nation’s rival governments said a deal appears imminent to resolve the dispute and spur the resumption of vital oil output.

Arif Husain says he was early in sounding the alarm on Japan’s rising interest rates last year, which he described as the “San Andreas fault of finance.”

Bank of Japan Governor Kazuo Ueda reiterated Tuesday that the central bank will continue to raise interest rates if the economy and prices perform as expected by the BOJ, a comment that supported further gains in the yen.

Decisions at the European Central Bank are set to get a lot more contentious once interest rates fall to about 3% and clashes emerge over what’s still needed to keep inflation in check, according to people familiar with the matter.

Libya’s state oil firm declared force majeure on key field El-Feel amid a widening shutdown of production triggered by a power struggle in the OPEC member.

GlobalWafers Co. is actively building out manufacturing overseas in anticipation of rising tariffs on chip materials, underscoring growing expectations that tit-for-tat trade measures will disrupt the semiconductor supply chain in coming years.

Hong Kong’s prime shopping districts once commanded the highest rents in the world. Now they’re hollowing out as Chinese consumers disappear.

Losing ground in the race to produce electric vehicles, German and French carmakers are heading toward a disruptive wave of factory closures

Die neue britische Labour-Regierung hat sich entschieden: Nach einer Prüfung kam sie zum Schluss, 30 der aktuell rund 350 Lizenzen für den Rüstungsexport auszusetzen. Unterdessen erhöhen in Israel auch Bevölkerung und Gewerkschaft den Druck auf Premier Benjamin Netanjahu. Dieser bat am Montag um Vergebung, dass er die Geiseln „nicht lebend zurückgebracht“ hat.

Catch up: Netanyahu defends his operation in Gaza; Harris vows to protect US Steel