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.
Iran announced on Saturday that it has designated the naval and air forces of European Union member states as “terrorist entities” in a reciprocal...
A technical fault in the helium system of NASA’s next-generation moon rocket was announced on Saturday, ruling out the planned March launch window f...
President Donald Trump said on Saturday (21 February) that he will raise temporary tariffs on nearly all U.S. imports from 10% to 15%, the maximum all...
Germany's ruling conservatives on Saturday (21 February) passed a motion to ban social media use for under 14s and introduce more stringent digital ve...
India and Brazil signed a mining and minerals cooperation pact on Saturday (21 February), as Prime Minister Narendra Modi said the two countries aim t...
Iran announced on Saturday that it has designated the naval and air forces of European Union member states as “terrorist entities” in a reciprocal move after the EU blacklisted the Islamic Revolutionary Guard Corps (IRGC).
A technical fault in the helium system of NASA’s next-generation moon rocket was announced on Saturday, ruling out the planned March launch window for the Artemis II mission.
UK politicians have renewed calls for Andrew Mountbatten-Windsor, formerly Prince Andrew, to be removed from the line of succession following his arrest on suspicion of misconduct in public office and revelations over his links to convicted U.S. sex offender Jeffrey Epstein.
The United Nations World Food Programme (WFP) said on Friday that its life‑saving food and nutrition assistance in Somalia could end by April without urgent funding, leaving millions at risk of severe hunger.
Quentin Griffiths, co-founder of online fashion retailer ASOS, has died in Pattaya, Thailand, after falling from the 17th floor of a condominium on 9 February, Thai police confirmed.
At least four people have died and 17 others were injured after a liquid gas truck overturned and exploded in Santiago, Chile’s capital, authorities confirmed on Thursday. Police said the driver was among those killed.
Cubans are increasingly turning to solar power to keep businesses operating and basic household appliances running during prolonged electricity cuts, as fuel shortages make diesel generators and other temporary solutions more difficult and costly to maintain.
Ukraine’s National Paralympic Committee has announced it will boycott the opening ceremony of the Milano Cortina 2026 Paralympics in Verona on 6 March, citing the International Paralympic Committee’s decision to allow some Russian and Belarusian athletes to compete under their national flags.
Eric Dane, the actor best known for his roles in 'Grey’s Anatomy' and 'Euphoria', died on Thursday, at the age of 53 after a battle with amyotrophic lateral sclerosis (ALS). His family confirmed his death after what they described as a “courageous battle” with ALS.
Iran announced on Saturday that it has designated the naval and air forces of European Union member states as “terrorist entities” in a reciprocal move after the EU blacklisted the Islamic Revolutionary Guard Corps (IRGC).
At least 10 people were killed and 50 wounded in Israeli strikes in Lebanon's Bekaa Valley on Friday (20 February), two security sources told Reuters, after the Israeli military said it had targeted Hezbollah sites in the Baalbek area.
Iran’s Foreign Minister Abbas Araghchi on Saturday (21 February) dismissed U.S. claims that 32,000 civilians were killed during protests in Iran. He said Tehran has already released official figures and called for evidence to support any higher estimates.
Uzbekistan's president Shavkat Mirziyoyev has held a series of high-level meetings in the U.S. aimed at strengthening bilateral economic and strategic ties between the two countries.
Türkiye has signalled readiness to contribute to a proposed Gaza stabilisation force during the inaugural Board of Peace meeting on Thursday (19 February), but according to former Turkish diplomat Mehmet Öğütçü, the decisive factor will be whether Israel and the United States agree on Ankara’s role.
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