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.
Saudi Crown Prince Mohammed bin Salman has unveiled a major development project near Mecca’s Grand Mosque that will add approximately 900,000 new in...
A planned meeting between Georgian Prime Minister Irakli Kobakhidze and the OSCE Chairperson-in-Office, Finnish Foreign Minister Elina Valtonen, was a...
The world's largest inland body of water is experiencing an unprecedented environmental catastrophe that threatens to reshape the geopolitical and eco...
Türkiye has appointed Mehmet Gulluoglu, former head of its disaster management agency AFAD, to lead its humanitarian aid efforts in Gaza, a Foreign M...
Johnson & Johnson (J&J) is facing its first lawsuits in the United Kingdom over claims that its talc-based products cause cancer, as it continues to b...
Kenyan security forces fired in the air and used tear gas to disperse thousands of mourners on Thursday at a stadium where deceased opposition leader Raila Odinga's body was on view.
Saudi Crown Prince Mohammed bin Salman has unveiled a major development project near Mecca’s Grand Mosque that will add approximately 900,000 new indoor and outdoor praying spaces, according to the company overseeing the plan.
A planned meeting between Georgian Prime Minister Irakli Kobakhidze and the OSCE Chairperson-in-Office, Finnish Foreign Minister Elina Valtonen, was abruptly cancelled this week.
The world's largest inland body of water is experiencing an unprecedented environmental catastrophe that threatens to reshape the geopolitical and ecological landscape of Central Asia.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A planned meeting between Georgian Prime Minister Irakli Kobakhidze and the OSCE Chairperson-in-Office, Finnish Foreign Minister Elina Valtonen, was abruptly cancelled this week.
The world's largest inland body of water is experiencing an unprecedented environmental catastrophe that threatens to reshape the geopolitical and ecological landscape of Central Asia.
Gaza’s Rafah crossing with Egypt is set to reopen for Palestinian movement, though no date has been announced as tensions flare and both sides accuse each other of breaching the U.S.-brokered ceasefire, Israel said on Thursday.
Indonesia, Azerbaijan, and Pakistan are in early talks to provide troops for an international stabilization force in the Gaza Strip, according to U.S. officials and reporting by Politico.
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