Italy’s tax system is skewed in a way that lets society’s wealthiest 7% pay proportionately less tax than low and middle-income earners, a new study shows, fuelling inequality and hurting public finances in one of Europe’s most indebted nations.
France’s far-right National Rally (RN) party will likely back a no-confidence motion against the government in the coming days unless there is a “last minute miracle”, RN president Jordan Bardella said on Monday.
His threat dented the currencies of the bloc and pushed up the dollar, as traders feared even more protectionist policies from the U.S. under Trump. The president-elect had last week threatened additional tariffs on China, Canada, and Mexico- a move that could reignite a global trade war.
The world’s biggest cryptocurrency fell into a trading range of between $90,000 and $100,000 over the past two weeks after hitting a series of record highs. While Bitcoin still remained in sight of an over $99,000 peak, some optimism over its prospects cooled in anticipation of more cues on U.S. policy.
Stellantis faces headwinds, including sluggish sales, high inventory levels in North America, fierce competition from Chinese automakers, and the industry-wide pivot toward electric vehicles.
