In the weeks preceding the holiday recess, GOP congressional leaders passed two sweeping tax reform bills, hoping to produce a final version for President Trump to sign before Christmas.
A Left alliance between former Maoist rebels and moderate communists will form the next government in Nepal as it won a clear majority of 91 seats out of 165 seats in the historic polls many hope will bring political stability to the country.
The late Soeharto has become something of a poster boy for leadership as the nation searches for a president who can effectively deliver the goods.
As US federal debt approaches $21 trillion in a matter of months, an eye-popping equivalent amount seems to have gone cumulatively missing from government coffers over the past two decades.
Stronger domestic demand, robust export-oriented manufacturing, and a gradual recovery of the agriculture sector, are driving Vietnam’s economy, which expanded by 6.4 percent during the first nine months of the year compared to the same period last year, says a new World Bank report. The manufacturing and services sector respectively grew by 12.8 percent and 7.3 percent during the same period.
The past decade has seen major changes across the energy sector, from the emergence of solar PV or shale oil and gas to electric vehicles and high-efficiency lighting. But one sector has seen very little change.
A Chinese decision to redevelop criteria for the funding of infrastructure projects that are part of the $50 billion plus China Pakistan Economic Corridor (CPEC), a key pillar of the People’s Republic’s Belt and Road Initiative, seemingly amounts to an effort to enhance the Pakistani military’s stake in the country’s economy at a time that the armed forces are flexing their political muscle.
Kazakhstan urgently needs to adopt a fiscal consolidation strategy and refocus its macro-fiscal policy to promote more diversified growth and high-quality job creation, says the World Bank in its Kazakhstan Public Finance Review.