Trump slams Fed over interest rates, says US should borrow at ‘1% or better’
U.S. President Donald Trump on Monday sharply criticised the Federal Reserve, claiming America should be paying ultra-low interest rates similar to Ja...
Short-term rental owners in Croatia protested against proposed tax hikes, claiming the measures unfairly target low-income earners and threaten their livelihoods. The government argues the changes aim to tackle a housing crisis driven by tourism demand.
Owners of short-term rental properties gathered in protest in Zagreb on Saturday, 23rd November, opposing the Croatian government’s proposed draft laws aimed at addressing a tourism-related housing affordability crisis.
The legislation, which was approved by lawmakers last week but awaits final approval following broader consultations and potential amendments, includes measures to raise taxes on short-term rental properties and increase the lump-sum tax on tourist rentals. However, long-term rental properties remain unaffected.
Protesters argued that renting out properties is a vital source of income for many, helping pensioners and their families avoid poverty. "We have gathered here to express our opposition to the entire legal package proposed by our government with the sole and exclusive aim of reducing the number of beds in our property. These laws are anti-social and hit those with the lowest incomes the hardest," said Vedran Tomac, a protester from Rijeka.
Brankica Grmoja, from the coastal resort town of Makarska, highlighted how the laws would hurt families like hers. "My father started building it (house) when he was 18 years old. They (her parents) together have a (monthly) pension of 1100 euros, and they both worked full time. If it weren't for that, they would be just poor, and like this, they can go to restaurants, go on trips," she explained.
Tourism is a cornerstone of Croatia's economy, contributing around 20% of the nation’s GDP, with millions of visitors arriving annually. Approximately 125,000 people are employed in the home rentals sector.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
The International Monetary Fund (IMF) on Monday approved the disbursement of an additional $500 million to Ukraine, following the completion of its eighth review under the country’s $15.5 billion Extended Fund Facility.
U.S. President Donald Trump on Monday publicly criticized AT&T for technical issues that disrupted a national conference call with faith leaders, urging the company’s leadership to address the situation and suggesting his administration may turn to a different carrier in future communications.
France, Spain, Kenya, and several other nations announced on Monday a joint pledge to tax premium-class airline passengers and private jet users, in a move aimed at raising billions of dollars for climate action and sustainable development.
Special envoys from Pakistan, China and Russia held an informal meeting in the Qatari capital on Monday to discuss regional cooperation on Afghanistan, Pakistani envoy Mohammad Sadiq confirmed in a post on X.
Türkiye’s leading drone manufacturer Baykar has completed its acquisition of historic Italian aviation firm Piaggio Aerospace, paving the way for a European production base for its unmanned aerial vehicles and civil jets.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment