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...

Stagnant Salaries Cannot Keep Up with the Rising Cost of Living in Aruba

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...

Whistleblowers Accuse OpenAI of Illegal NDA Restrictions
Whistleblowers have accused OpenAI of imposing illegal restrictions on employee communications with government regulators, according to a letter obtained by The Washington Post. The letter, sent by lawyers representing anonymous whistleblowers to Securities and...

What a Trump Presidency Could Mean for the Dollar and Stock Market
The US dollar has seen significant strength this summer, surging about 13% since 2021. While a left-wing resurgence in France briefly tempered this rise, the dollar's momentum remains robust, influenced heavily by the Federal Reserve’s actions. The potential return of...

Software Company CDK Global Plans to Pay Ransom After Cyberattack Cripples Car Dealerships
CDK Global, a major software provider for thousands of car dealerships across North America, plans to pay tens of millions of dollars in ransom after a cyberattack severely disrupted operations. The hacking group, believed to be based in Eastern Europe, has demanded...

Cutting the 30% Ruling Will Harm Dutch Economy, Report Finds
The tax break for high-skilled migrants, known as the 30% ruling, generates more revenue than it costs, according to a report for the Dutch finance ministry. This tax incentive, which allows selected foreign workers to receive nearly a third of their income tax-free...

Gold Mining Industry Faces Challenges as Deposits Become Scarce, Says World Gold Council
The gold mining industry is grappling with sustaining production growth as deposits of the precious metal become increasingly difficult to find, according to the World Gold Council (WGC). Despite a record 4% increase in first-quarter mine production in 2024,...

Elon Musk Drops Lawsuit Against OpenAI After Email Disclosure
In a surprising turn of events, Elon Musk has decided to withdraw his lawsuit against OpenAI, following the publication of emails that challenged the basis of his legal claims. The lawsuit, filed in February 2024, accused OpenAI of abandoning its non-profit mission in...

IKEA to Pay Real Money to Virtual Roblox Store Workers
Stockholm, June 7, 2024 — In a groundbreaking move that blurs the line between the virtual and physical worlds, IKEA has announced plans to compensate employees working in its virtual stores on Roblox with real money. This initiative marks a significant step in the...

Lack of Competition Keeps Dutch Savings Rates Low, ACM Reports
The Netherlands Authority for Consumers and Markets (ACM) has identified insufficient competition among banks as the primary reason for the low savings rates available to Dutch consumers. According to a recent ACM study, the majority of Dutch savers hold accounts with...

Consumer Pressures Prompt Retailers to Slash Prices
Retailers are reassessing their pricing strategies in response to changing consumer behaviors amidst economic challenges. With inflation squeezing household budgets and dampening spending, retailers are rolling out discounts on a wide array of products to entice...

Philips Agrees to $1 Billion Settlement in U.S. for Recalled DreamStation Sleep Apnea Devices
In a significant development, Philips, the healthcare technology giant, has reached a settlement in the United States regarding its recalled DreamStation sleep apnea devices. The company has agreed to pay a staggering $1.1 billion in damages to affected patients,...
Other News

China Dares Trump with War Drills Around Taiwan
In a bold and calculated show of force, China has launched massive military drills encircling Taiwan from "multiple directions," a move widely seen as a direct challenge to U.S. influence in the Asia-Pacific and a test of Washington’s commitment to the self-governed...

Relief Efforts Struggle Amid Chaos in Earthquake-Hit Myanmar
In the wake of the catastrophic 7.7-magnitude earthquake that struck Myanmar on March 28, 2025, international and local aid organizations are racing against time to deliver life-saving supplies to thousands left homeless, injured, and without basic necessities. As the...

Hooters Files for Bankruptcy, Plans Comeback Under New Ownership
Hooters, the iconic restaurant chain known for its wings and waitresses in bright orange shorts, has filed for Chapter 11 bankruptcy—but insists the brand isn’t folding. The company announced the move on Monday, March 31, 2025, revealing plans to sell all 100 of its...

McIlroy Joins Elite Company with $100M PGA Tour Earnings
Rory McIlroy has officially joined one of the most exclusive clubs in professional golf. The Northern Irishman became just the second player in PGA Tour history to earn over $100 million in career prize money, following in the footsteps of golf legend Tiger Woods....

Yankees’ New ‘Torpedo Bats’ Prompt Debate After Historic Power Surge
The New York Yankees are generating buzz across Major League Baseball following their introduction of a new bat design that helped fuel a record-breaking performance. Known as "torpedo bats," the new equipment contributed to a historic nine home runs in a single game...