Business

Spain Proposes 100% Tax on Homes Bought by Non-EU Residents

buzzafricana2025-01-15T12:51:14+00:00

Spain is taking bold steps to address its growing housing crisis, with Prime Minister Pedro Sánchez announcing plans to impose a tax of up to 100% on the value of properties purchased by non-residents from outside the European Union (EU). This move, described as “unprecedented,” aims to curb real estate acquisitions by foreign buyers, particularly...

Blue Origin’s New Glenn Rocket Launch Delayed: What We Know

buzzafricana2025-01-14T09:58:35+00:00

Jeff Bezos' space exploration company, Blue Origin, has postponed the much-anticipated launch of its New Glenn rocket due to a "vehicle subsystem issue." The delay, while disappointing for space enthusiasts, underscores the meticulous approach required in the development and testing of cutting-edge space technology. Originally scheduled to launch from Florida, the reusable rocket has faced multiple...

Harry and Meghan Visit Survivors of Southern California Wildfires

buzzafricana2025-01-14T09:27:37+00:00

On Friday, Prince Harry and Meghan Markle visited Pasadena, California, to meet with survivors of the recent wildfires that have devastated parts of Southern California. The couple took the opportunity to support the community and encourage others to help those affected by the devastating blazes.

A Heartfelt Visit to the Frontlines

The Duke and Duchess of...

China’s Trade Surplus Hits Historic High, Reaching Nearly $1 Trillion in 2024

buzzafricana2025-01-14T09:24:50+00:00

In a groundbreaking development, China has reported a record-breaking trade surplus of nearly $1 trillion for 2024, underscoring the nation's continued dominance in global manufacturing and export markets. This monumental surplus is a clear indication of China’s growing economic influence, but it also highlights the mounting tensions surrounding international trade.

A Record Year for Chinese...

China’s Trade Surplus Hits Historic High, Reaching Nearly $1 Trillion in 2024

buzzafricana2025-01-14T09:21:49+00:00

In a groundbreaking development, China has reported a record-breaking trade surplus of nearly $1 trillion for 2024, underscoring the nation's continued dominance in global manufacturing and export markets. This monumental surplus is a clear indication of China’s growing economic influence, but it also highlights the mounting tensions surrounding international trade.

A Record Year for Chinese...

Apple Faces $1.2 Billion Lawsuit Over Failing to Address Child Sexual Abuse Content on iCloud

buzzafricana2024-12-09T11:28:51+00:00

Apple, one of the world’s largest tech companies, is facing a significant legal challenge as victims of child sexual abuse have filed a $1.2 billion lawsuit, accusing the company of failing to prevent the spread of illegal material on its iCloud service. The lawsuit, filed in the U.S. District Court in Northern California, argues that...

Bitcoin Hits Historic $100,000 Milestone: From Pizza to a Trillion-Dollar Phenomenon

buzzafricana2024-12-05T19:34:53+00:00

In a moment that will be etched in financial history, Bitcoin’s value surged past $100,000 for the first time, cementing its status as a dominant force in the global financial landscape. This marks an extraordinary journey for a 16-year-old cryptocurrency that once struggled for legitimacy and recognition.

A Humble Beginning

Bitcoin’s rise is a far cry...

How a Country’s Economy Was Siphoned Dry: The Bangladesh Banking Scandal

buzzafricana2024-12-05T19:28:20+00:00

Bangladesh’s financial system is reeling from revelations of systemic corruption that drained the country of billions of dollars under the leadership of former Prime Minister Sheikh Hasina. Newly appointed central bank governor, Ahsan Mansur, has disclosed shocking details about the scale of financial mismanagement during Hasina’s 15-year rule, which ended with her government’s collapse in...

Belgium Leads the Way: Sex Workers Gain Employment Rights Under Historic Law

buzzafricana2024-12-04T14:24:10+00:00

Belgium has made history with a groundbreaking law that grants sex workers the same rights as workers in other professions. This world-first legislation provides sex workers with official employment contracts, health insurance, pensions, maternity leave, and sick days, recognizing their work as legitimate employment for the first time.

A New Era for Sex Workers

For Sophie,...