Economics
Insights on global economic trends, policy changes, and market dynamics. Covering inflation, trade, monetary policies, and key factors shaping the world economy.
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Norway’s Wealth Tax Pushes More Millionaires Abroad as Debate on Fairness Grows
Norway’s strengthened wealth tax is reshaping the country’s economic landscape as more highincome residents choose to relocate abroad. Despite the outflow of millionaires, the policycontinues to receive strong support from voters who believe it protects fairness and funds essentialpublic services.A Nation Balancing Equality and Economic RiskIn recent years, Norway has…
US Mints Final Penny After More Than 230 Years — A Small Coin, A Big Change
The United States pressed its final one-cent coin on November 12, 2025, marking the end of the“penny,” a fixture of U.S. currency for over two centuries. The decision comes amid rising productioncosts and shrinking usefulness for the humble coin.Why the Penny Is EndingEach penny now costs about 3.7 cents to…
Indian Rupee and Philippine Peso Edge Lower Against UAE Dirham, Remittance Flows in Focus
The Indian rupee and Philippine peso both slipped slightly in early-morning trade against the UAEdirham, reflecting wider currency pressures and underscoring implications for expatriateremittances and regional capital flows. Gulf NewsModest Moves with Big MeaningThe Indian rupee moved from about INR 24.05 per AED to INR 24.08, while the Philippine pesoeased…
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