Category: Current Affairs
How will Trump’s Second Presidency Affect the Economy?
Inflation and Tariffs One of the main concerns for voters is how the president will deal with inflation. Trump has promised to ‘defeat’ inflation in the coming years, yet has also made a firm stand on raising tariffs for imported goods. He proposes a 10% tariff on all goods entering the US, with a 60%…
Labour’s £40bn Tax Hike: What the Autumn Budget Means for You
Chancellor of Exchequer Rachel Reeves delivered a speech highlighting the key points in the new budget for the last fiscal quarter of 2024. The announcement marks the first major financial statement released by the new Labour government led by Sir Kier Starmer. For further information not covered in this summary, the government have detailed the…
Is Vietnam Poised to be the Next Big Manufacturing Hub?
Basic Current Economic Situation In the last decade, Vietnam has become a very fast-growing economy, registering an annual GDP growth of 7.1% in 2018 (highest following the last decade), and a record-high 8.02% growth in 2022. Their average annual growth rate in 1985 was 3.86%. They were the few countries to still produce growth during…
Q2 Results 2024: Apple, Microsoft, NVIDIA, Google and More
Discussing the second fiscal quarter results of the top 5 companies with the highest market caps in 2024. NVIDIA On Wednesday, NVIDIA reported revenues of $30.04B in the last quarter, exceeding last year by 122%. It beat expectations by almost $3B- analysts have predicted the number to be $28.7. NVIDIA further indicates that the push…
US Mishap Could Have Sent $293M to the Taliban: Here’s Why
According to a letter from the Special Inspector General for Afghanistan Reconstruction (SIGAR), of the $2.8 billion international aid sent by the US to Afghanistan after the withdrawal of US troops in 2021, approximately $293 million remains unaccounted for. The SIGAR implied that much of this may have been pre-empted by the Taliban. This is…
Labour Uncover £22B Nightmare left behind by Conservatives
Newly appointed Chancellor of Exchequer Rachel Reeves disclosed a £22B ‘spending-hole’ left behind by the Conservative government, following their electoral defeat to Labour on July 4th. The overspend was discovered during the first financial audit under Reeves’ governance. A frustrating combination of failures to meet various investment pledges, shortfalls in public service demands, and exorbitant…