Gold has smashed through the $4,000 mark — a level few thought possible this year. But what’s behind the surge? Is it a sign investors are losing faith in markets, or simply hedging against uncertainty?
On this edition of World Business, Guy Shone speaks to economist Cuneyt about what the rush to bullion says about global confidence, central bank strategy, and the broader mood of investors in 2025.
Then we turn from markets to money policy — and to France, where the so-called Zucman Tax has sparked a storm. Proposed by economist Gabriel Zucman, it targets the ultra-wealthy with a 2 percent annual levy on fortunes above €100 million. Supporters say it could raise €20 billion a year and help close France’s widening deficit. Critics warn it risks driving capital abroad and deepening the country’s economic malaise.
Can a wealth tax restore fiscal trust where market faith is faltering — or is this just another political experiment? World Business unpacks the numbers, the reactions, and what it all means for Europe’s financial future.
U.S. Secretary of State Marco Rubio is set to meet Russian Foreign Minister Sergey Lavrov in New York on Wednesday, as Washington pushes for an end...
Azerbaijani President Ilham Aliyev has signed a decree pardoning a number of convicted individuals, including French national Martin Ryan, who was ...
Afghanistan is building new trade and transit links across Asia, but the Taliban government will again be absent from the country’s seat as w...
U.S. President Donald Trump is addressing the UN General Assembly as world leaders gather in New York for the 81st session. Conflicts in the Middle East and Ukraine, global security and diplomacy set to dominate the event.
Ukrainian President Volodymyr Zelenskyy said Kyiv was ready to halt strikes on Russian energy facilities if Moscow stops targeting Ukraine’s energy sector, critical infrastructure, and food exports, as he prepared to meet U.S. President Donald Trump in New York.
While addressing the 81st session of the UN General Assembly, U.S. President Donald Trump said he believes Washington and Tehran will reach a deal after the U.S. midterm elections.
U.S. Secretary of State Marco Rubio is set to meet Russian Foreign Minister Sergey Lavrov in New York on Wednesday, as Washington pushes for an end to the war in Ukraine and Kyiv and Moscow continue to strike energy infrastructure.
U.S. President Donald Trump said his team held a three-hour meeting with an Iranian delegation in New York that he described as “very good” and “productive”, with another round of talks scheduled soon.
Azerbaijani President Ilham Aliyev has signed a decree pardoning a number of convicted individuals, including French national Martin Ryan, who was sentenced to 10 years in prison for espionage in March.
Afghanistan is building new trade and transit links across Asia, but the Taliban government will again be absent from the country’s seat as world leaders gather in New York for the 81st United Nations General Assembly.
U.S. President Donald Trump said his team held a three-hour meeting with an Iranian delegation in New York that he described as “very good” and “productive”, with another round of talks scheduled soon.
Two of Georgia’s most senior officials used separate appearances in New York this week to deliver a similar message: the South Caucasus is gaining strategic importance, and Tbilisi wants to be at the centre of it.
Prime Minister Shehbaz Sharif has arrived in New York to lead Pakistan's delegation at the 81st UN General Assembly, where he is expected to outline Islamabad's position on regional security, diplomacy and global challenges.
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