insert_link Business / EconomicsJobless Rate Surge Poses Tax Threat A spike in unemployment could severely shrink the tax base and weaken government revenue, warns a leading business and economics expert. In a recent interview, Josef Kefas Sheehama explained that fewer taxpayers mean lower collections and greater pressure on welfare spending. He says this cycle could drag down economic growth if urgent solutions aren’t found. today14 July, 2025
insert_link Business / EconomicsInterview: High Unemployment Puts Pressure on Revenue, Says Sheehama Business and economics expert Josef Kefas Sheehama says the country’s rising unemployment rate is putting mounting pressure on tax collection, public finances, and overall economic stability. In an exclusive interview, Sheehama explained that while the official unemployment rate climbed from 33.4% in 2018 to 36.9% in 2023, the real figure could be much higher. “If we use what we call the standard mean, unemployment could actually stand at 60%,” he […] today14 July, 2025
insert_link WorldFrench PM meets unions for final talks on pension reforms PARIS, France - French Prime Minister François Bayrou has convened industry and union leaders in Paris today for a final round of negotiations, dubbed the 'pension conclave', aimed at resolving widespread discontent over the 2023 pension reforms, which raised the retirement age from 62 to 64. The reforms, backed by President Macron and passed via Article 49.3 in March 2023, provoked national strikes and fierce protests that paralyzed the country. […] today23 June, 2025
insert_link Business / EconomicsChina factory activity picks up, showing economy’s resilience in face of tariffs China's manufacturing activity picked up last month, indicating economic resilience in the face of US President Donald Trump slapping more tariffs on China's exports. The latest data comes as policymakers are expected to announce that they'll push China's official budget deficit target to the highest in over three decades. Laura Westbrook reports from Hong Kong. today3 March, 2025
