Gold prices took a significant dive on Tuesday, experiencing their largest percentage drop in over a month. This decline was primarily driven by a shift in market sentiment regarding the Federal Reserve’s upcoming interest rate cuts. Recent economic data, particularly the robust September jobs report, has tempered expectations for a more aggressive rate reduction. Spot […]
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A multi-front war, in which Israel is facing both Hezbollah and Iran, could have severe implications for the country’s economy, according to a report from Reichman University’s Aaron Institute for Economic Policy published late last month. A full-blown war with Hezbollah would also have significant implications, the report said. The report laid out two possible […]
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The wandering people often has tax links in more than one country. Below we report on some Israel- related tax happenings in the USA and France. USA – war relief available: The Internal Revenue Service has announced new relief for taxpayers affected by terrorist attacks in Israel. In practice, this includes US immigrants (Olim). In […]
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Global gold exchange-traded funds (ETFs) continued their winning streak in September, attracting a total of $1.4 billion in inflows. This marks the fifth consecutive month of positive inflows for gold ETFs, highlighting growing investor confidence in the precious metal. North America led the charge, accounting for the majority of inflows during the month. This surge […]
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In an era in which technology is the foundation of every organization’s operations, the adoption of new technologies is crucial for growth and market competition. However, one of the greatest threats that has emerged from the increased use of technology is the phenomenon of Shadow IT. So, what is Shadow IT, and how should we […]
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The United States and China are locked in an escalating economic conflict, and gold is emerging as a potential strategic asset. As the two superpowers vie for dominance, one radical U.S. strategy could involve revaluing the vast gold reserves held at Fort Knox—a move that would send shockwaves through the global monetary system and shift […]
Continue ReadingIndia’s gold imports soared to their highest level in over three years, reaching 125 tonnes in August 2024, fueled by strong consumer demand and industry restocking ahead of the Diwali season and Q4 festive celebrations. This represents a significant 58% increase year-on-year and an impressive 212% jump from July, according to data from the World […]
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The last three years saw the evolution of traditional payment methods that have made headway mainly due to other innovations. What used to be as simple as using cash, credit cards, or wiring money has now turned into a complex network featuring advanced payment technologies. These advancements are dramatically improving transactional speeds and security features […]
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Rumors have swirled around the potential unveiling of a BRICS economic alliance currency, thought to be called “the unit,” that will put further pressure on the U.S. dollar amid rising de-dollarization efforts from countries looking to increase economic sovereignty. It’s hardly the first time America’s adversaries have attempted to knock the U.S. dollar away from […]
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Eon, an Israeli startup that offers a “next-generation cloud backup solution,” came out of stealth, having raised a total of $127 million in funding. The first backup autopilot for the age of cloud infrastructure, Eon monitors cloud resource sprawl and brings cloud backup posture management (CBPM) to enterprises. Eon replaces legacy backup tools and generic […]
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