New York City is losing jobs, making life difficult for Mayor Zohran Mamdani as he seeks to close a massive budget deficit while emphasizing economic justice over growth. The city lost 20,000 jobs by 2025 to end the year with 4.823 million employees, according to updated employment figures released Thursday by the state labor department. … Read more
The containers were loaded into the port of Pyeongtaek, Gyeonggi Province, on March 12. Yonhap Rising energy prices and a series of downward revisions to Korea’s growth outlook are raising questions about whether the government’s proposed additional budget of 25 trillion ($16.5 billion) will prevent a recession from the Middle East crisis. Analysts said on … Read more
New York City bonds have suddenly become a hot topic on Wall Street — and you can thank socialist mayor Zohran Mamdani for this surprising development. This past week, the Big Apple went to investors to sell billions of dollars in municipal bonds. When Mamdani made his best example of Fidel Castro, the city sold … Read more
Open this photo in the gallery: Oil pumps in a farmer’s field near Calgary in November, 2025. The Alberta government had projected a $4.1-billion deficit in the current fiscal year.Todd Korol / Reuters When Alberta Finance Minister Nate Horner released the annual budget more than a month ago, he warned of “difficult decisions” ahead, painting … Read more
Federal Treasurer Jim Chalmers has committed to tax reform in his next budget, but added that no decision has been made on whether capital gains tax will be part of those changes. Speaking to the ABC’s Alan Kohler in the first episode of his That’s Business podcast, Mr Chalmers said of his upcoming May 12 … Read more