Between September 2024 and March 2025, Aruba is actively modernizing its tax system. These reforms are essential to stimulate economic growth, achieve international compliance, and ensure fair taxation. The reform program includes a new corporate tax rate, revisions...
New Tax Rules: A Forward-Looking Fiscal System for Aruba
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Citgo Auction Heats Up as Creditors Push for New Bids
The court auction for shares in PDV Holding, parent company of Citgo Petroleum, has hit a roadblock as creditors challenge a $7.3 billion bid from Amber Energy, an affiliate of Elliott Investment Management. The auction, aimed at resolving Venezuela’s $21.3 billion...
Shell Wins Appeal Over Emission Reduction Mandate
In a major legal development, the Dutch Court of Appeal in The Hague reversed a 2021 lower court ruling requiring Shell plc to slash its global carbon emissions. The original case, filed by environmental organization Milieudefensie along with other NGOs and private...
China’s Bold Plan to Cut Hidden Debt and Revive Local Economies
In a sweeping effort to reduce the strain of hidden debt on its economy, China has launched a debt restructuring plan designed to bring local government finances into clearer view. This move, approved by policymakers in Beijing, involves a substantial 6 trillion yuan...
Adapting to Remote and Hybrid Work: Post-Pandemic Benefits for Businesses
The COVID-19 pandemic forced businesses to rapidly shift to remote work, reshaping the way organizations function. What began as a necessity has evolved into a preferred model for many, as businesses discover the benefits of adopting remote and hybrid work...
DNA Giant 23andMe Battles Financial Turmoil Amid Privacy Concerns
DNA-testing pioneer 23andMe, once hailed as a leader in personal genomics with a share price outshining even Apple, now finds itself struggling for survival. The company, famous for its detailed ancestry and health reports, faces severe financial and operational...
Russia Levies Unprecedented Fine on Google – Exceeding Global Wealth
In an extraordinary escalation, a Russian court has imposed an astronomical fine on Google, charging the tech giant two undecillion roubles – a figure with a two followed by 36 zeroes. This sum, which dwarfs Google’s $2 trillion valuation and surpasses the entire...
Marketing Without Data: A Recipe for Failure
Marketing without the correct data is like navigating without a compass: it leads companies astray in a world of assumptions and baseless decisions. In an era where information and data are abundantly available, some companies continue to base their marketing...
Can the Sea Become the Next Economic Pillar of Aruba?
For many years, Aruba has heavily relied on its tourism industry as the backbone of its economy. However, as the island seeks to diversify its revenue streams, its surrounding waters offer tremendous potential for economic growth. By investing in maritime industries...
True Value Declares Bankruptcy, Sells Itself to Rival Do it Best
True Value, a well-known hardware store chain with a 75-year history, has declared bankruptcy and announced plans to sell most of its operations to rival company Do it Best. This move comes as the company faces financial difficulties amid a slowdown in the housing...
Stagnant Salaries Cannot Keep Up with the Rising Cost of Living in Aruba
The cost of living in Aruba is rising drastically, and for the average worker, wages have not kept pace. From housing to basic goods and services, prices continue to climb while salaries remain stagnant or, at best, grow by a minimal amount. For many workers, the...
Mexico’s Datacentre Boom Raises Concerns Over Water and Energy Usage
Mexico’s state of Querétaro has become a hub for the booming datacentre industry, attracting tech giants such as Amazon, Microsoft, and Google, which are investing billions in the region. However, while the industry promises economic growth and high-tech jobs, many...
Colombia Proposes $130 Billion Budget Amid Fiscal Challenges
Colombia's government has unveiled a proposed budget of 523 trillion pesos ($130 billion) for 2025, reflecting a significant increase from this year’s 483 trillion peso budget, which had been reduced by 20 trillion pesos in June. The new budget proposal comes as...
Belgium Braces for New Wave of French Tax Exiles
Following the surprising success of the Nouveau Front Populaire (NFP) left-wing alliance in France’s parliamentary elections on July 7, Belgium is anticipating a new influx of French tax exiles. The election result, which granted a relative majority to the NFP, has...
Armani and Dior Under Investigation in Italy for Worker Exploitation Claims
Italy's competition authority has launched an investigation into luxury fashion brands Armani and Dior over allegations of worker exploitation in their supply chains. The probe focuses on whether these brands have misled consumers about their ethical production...
China’s Communist Party Convenes Amid Economic Slowdown
Senior Chinese Communist Party officials have gathered in Beijing for a pivotal four-day meeting to address the future direction of the world’s second-largest economy. This "Third Plenum" of the 205-member Central Committee, led by President Xi Jinping, follows the...
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How Hyrox Became a Fitness Sensation
Hyrox, an emerging fitness phenomenon, has grown rapidly since its inception in 2017. Blending elements of sport, race, and fitness, this endurance-driven competition is captivating athletes worldwide. Despite being relatively unknown to the general public, its...
“The Son of Man” by René Magritte: An Iconic Puzzle of Identity and Perception
Art often transcends its medium, challenging perceptions, sparking imagination, and inspiring contemplation. René Magritte's The Son of Man is a shining example of such artistic brilliance. Painted in 1964, this iconic surrealist work continues to captivate and puzzle...
Los Angeles Firefighters Brace for Renewed Winds Amid Ongoing Wildfire Crisis
Exhausted firefighters in Los Angeles are preparing for another battle against strong winds expected to reach up to 80 mph starting Monday, as California continues to face devastating wildfires. The blazes, which have claimed at least 27 lives and scorched nearly...
From Celebration to Reality: Gazans Return to Devastation
In the aftermath of weeks of devastating conflict, displaced Gazans are returning to neighborhoods reduced to rubble. What was once home for thousands is now a grim landscape of destruction, leaving survivors grappling with the stark reality of rebuilding their lives...
TikTok Ban: Service Restored After Trump Vows to Delay Ban
In a dramatic turn of events, TikTok announced that it is working to restore service in the United States following a pledge by President Trump to delay the enforcement of a nationwide ban. The popular social media platform had gone dark on Saturday, just hours before...