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President Biden State of the Union

In his first State of the Union joint address to Congress on March 1, President Joe Biden focused his speech on the ongoing war in Ukraine and his plans for the domestic future. President Biden first brought attention to the tragedy of the Russian invasion of Ukraine, and the courage the Ukrainian people are demonstratingContinue reading “President Biden State of the Union”

Economic Revamp for North Korea: Kim Jong-un End of Year Speech

In his 4th Plenary Meeting of the 8th Central Committee of the Workers’ Party of Korea (WPK) speech marking 10 years as the supreme leader of North Korea, Kim Jong-un announced economy as his 2022 national focus. The North Korean supreme leader has been quoted to have said, “The main task facing our Party andContinue reading “Economic Revamp for North Korea: Kim Jong-un End of Year Speech”

EU’s New Effort to Rival Chinese Influence

The European Union on December 1, 2021, unveiled EUR 300 billion investment towards infrastructure projects to developing countries between 2021 and 2027. This EU’s “Global Gateway” project focuses on sustainability, with emphasis on digital, climate and energy, transport, health, and education and research. According to the EU, they will provide investments for their partners toContinue reading “EU’s New Effort to Rival Chinese Influence”

G20 Agrees on the New International Corporate Taxation

On Saturday, July 10, 2021, finance ministers from G20 agreed on the proposal to establish a 15% minimum international corporate tax rate system to eliminate tax-havens. Along with the G20 finance ministers, 131 countries from around the globe agreed this month, enabling the new tax rate to be enacted shortly. The US Secretary of theContinue reading “G20 Agrees on the New International Corporate Taxation”

2020 Tokyo Olympics and COVID-19 Measures

While the Tokyo Olympics and Paralympics have been widely contested, principally in Japan amongst the citizens fearing for the further COVID-19 spread, the Japanese Government has displayed an eagerness to open the festivity with a numbered spectators or no spectators depending on the conditions. At this moment in time, the Olympics committee in Japan determinedContinue reading “2020 Tokyo Olympics and COVID-19 Measures”

G7 Summit: Build Back Better

On June 11, 2021, 7 heads of state arrived in the United Kingdom for the G7 summit held in Cornwall. 7 attending nations for the first round of the summit are the United Kingdom as the host nation, the United States, Canada, France, Germany, Italy, and Japan. Along with the 7 heads of state (PrimeContinue reading “G7 Summit: Build Back Better”

Biden’s Plan for Tax Hikes

On April 22, The New York Times and Bloomberg News reported on the alleged tax hikes proposed by President Joe Biden. Reports claims doubling of the highest long-term capital gains taxes on individuals making more than $1,000,000 from 20% to 39.6%. They also reported the proposal of raising the marginal income tax rate from 37%Continue reading “Biden’s Plan for Tax Hikes”

Biden’s $2 Trillion Infrastructure Plan

President Biden announced his infrastructure plan the “American Jobs Plan” on March 31 and detailed his plan to secure American’s future and to win the race against China. The “American Jobs Plan” like the “American Rescue Plan” will have a price tag of $2 trillion dollars with billions being spent on various structures all overContinue reading “Biden’s $2 Trillion Infrastructure Plan”

Suez Canal Blockade Halts Global Trade

On March 23, 2021, a vessel owned by Evergreen Marine Corporation got stuck in the middle of Suez Canal, halting ships from being able to pass through the canal. The vessel named “Ever Given” is a 220,000-ton, 400-metre-long ultra-large container ship (ULCS) operated by Taiwan based container transportation and shipping company Evergreen Marine Corporation. AccordingContinue reading “Suez Canal Blockade Halts Global Trade”