Italy May Raise Taxes on Energy Firms to Fund Budget
Italy is considering raising taxes on energy companies to finance tax cuts and increased public spending under its 2027-2029 budget, according to sources cited by Reuters on October 23. Prime Minister Giorgia Meloni’s government...
New York Freezes Rents for One Million Regulated Apartments in Landmark Housing Decision
New York City has approved a rent freeze for nearly one million rent-regulated apartments for up to two years, delivering on a major campaign promise made by Mayor Zohran Mamdani. In a 7-1 vote,...
U.S. Inflation Expected to Hit Three-Year High in May
The annual rate of U.S. consumer inflation is expected to accelerate to 4.2% in May, marking its highest level in three years, according to economists surveyed by Reuters. Rising energy prices, driven by tensions...