China’s recent sanctions on U.S.-linked affiliates of South Korean shipbuilder Hanwha Ocean have drawn sharp criticism from Washington, with the U.S. State Department calling the move a coercive attempt to disrupt cooperation between the two allies. Announced on Tuesday, the sanctions target five Hanwha-related companies, including Philly Shipyard in the United States. China’s Commerce Ministry...
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Think Tank Urges Rachel Reeves to Overhaul UK Tax System in November Budget
Britain’s finance minister, Rachel Reeves, is being urged to deliver a bold reform of the UK taxation system in her upcoming November 26 budget, rather than relying on short-term fixes or raising existing tax rates. The Institute for Fiscal Studies (IFS) has called for a comprehensive and strategic overhaul that could boost government revenue while...