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In response to this challenge, banks have rolled out a series of aggressive deposit campaigns, offering attractive interest rates, bonus incentives, and other perks to entice customers to deposit their funds with them. Some banks have even resorted to offering promotional rates that are significantly higher than the market average, in a bid to stand out from the competition.Stock market today: Wall Street’s rally stalls as Nasdaq pulls back from its record
However, some critics have raised concerns about the potential impact of exempting the land value tax on ordinary residences. They argue that this move could lead to a reduction in government revenue from property transactions, which may affect public services and infrastructure development in the long run. There are also concerns about the potential for speculative behavior in the real estate market if taxes are lowered, leading to price bubbles and instability.As the MLS season drew to a close, he maintained his excellent form, leading his team to the championship title. The final game was a true showcase of his abilities, as he scored a brace and provided an assist to secure a memorable victory. His performance earned him the MVP award for the season and further solidified his reputation as one of the brightest talents in world football.
Post snowfall, CM Omar Abdullah drives to home constituency Ganderbal to assess situation
Trump's exceptional performance at the English Open was a testament to his skill and talent on the snooker table. In a display of sheer brilliance and precision, he outplayed his opponents with consummate ease, showcasing his remarkable cue control, strategic prowess, and unwavering focus. His flawless potting and impeccable positional play left spectators in awe and his competitors in despair, as he navigated his way through the tournament with unmatched poise and composure.HARARE – Zimbabwe’s capital markets are undergoing significant transformation, with efforts to address low liquidity, regulatory hurdles, and economic instability paving the way for potential growth. The introduction of the Zimbabwe Gold (ZiG) currency and initiatives to engage international creditors have set the stage for stability and expansion. Market analysts believe that a strategic approach is necessary to stimulate the country’s capital markets in 2025. Business analyst Kudakwashe Mundowozi highlighted the importance of enhancing liquidity through new financial instruments, streamlining regulations, and implementing investor education programs. He also emphasised the need for sustainable investment promotion and a green financing framework to attract socially responsible investors in line with global trends. Fostering public-private partnerships and encouraging foreign direct investment through policy stability and tax incentives are considered critical for long-term growth. By addressing these issues, Zimbabwe can build a more vibrant and resilient capital market. The Zimbabwe Stock Exchange (ZSE) and the Victoria Falls Stock Exchange (VFEX) are seen as key platforms for driving investment and contributing to the country’s economic development. Investment analyst Enock Rukarwa noted that the introduction of ZiG had brought relative stability, shifting stock market activity from flat to a bullish trend in late 2024. However, he pointed out challenges such as the discontinuation of foreign currency settlements, which had briefly improved liquidity. Liquidity, market depth, and size remain areas of concern, with analysts linking these variables to broader macroeconomic dynamics. Improved economic conditions, they argue, would boost confidence and activity in the stock market. Financial analyst Malone Gwadu observed that ZSE served as a haven for investors during periods of volatility, particularly in early 2024, as a hedge against exchange rate losses. However, he identified inflation and exchange rate volatility as systemic threats to market confidence and growth. To encourage market participation, Mr Mundowozi proposed tax incentives for companies listing on the ZSE, citing successful examples from Rwanda and Ireland. He also suggested adopting a fast-track listing process, similar to the Johannesburg Stock Exchange, to attract foreign companies and diversify the investor base. Finance Minister Mthuli Ncube announced plans to further incentivise market activity on the VFEX, which has been hindered by low trading volumes. As part of the 2025 national budget, the Government will reduce capital gains withholding tax on marketable securities on the ZSE, effective January 1, 2025. ZSE Chief Executive Justin Bgoni welcomed the tax reduction, stating it would increase liquidity, attract more investors, and enhance overall market efficiency. Lower taxes could also improve price discovery and make Zimbabwe’s investment landscape more appealing to foreign investors. As these measures take shape, Zimbabwe’s capital markets are expected to play a pivotal role in driving economic growth and attracting both domestic and international investors in the coming years.
In a move to boost the real estate market and make housing more affordable for the general public, the government of Henan Province in China is considering exempting the land value tax on the sale of ordinary residential properties. This proposal has garnered significant attention and feedback from various stakeholders, including developers, homebuyers, and experts in the real estate industry.One key concern is the potential for escalation of conflict in the region as a result of Israeli military action in Syria. Given the complex web of alliances and rivalries in the Middle East, any escalation of violence could have serious repercussions for the entire region and beyond. The United States must work with all parties involved to de-escalate tensions and prevent further conflict from erupting.
PHILADELPHIA (AP) — The Philadelphia Phillies have no plans to pitch prized prospect Andrew Painter in spring training games as he recovers from Tommy John surgery. The 21-year-old Painter hurt his elbow during spring training in 2023 and had surgery that July 25 with Los Angeles Dodgers head team physician Dr. Neal ElAttrache. Painter was the 13th overall pick in the 2021 amateur draft and signed for a $3.9 million bonus. “He'll throw but not plan on pitching” in games, Phillies president of baseball operations Dave Dombrowski said Monday. “We're going to push the innings back.” Dombrowski said Painter will build up at some point in the minor leagues and could make his major league debut at some point in the summer. Painter made six starts and allowed four runs in the Arizona Fall League. He struck out 18 batters in 15 2/3 innings after he sat out each of the last two seasons. Painter sprinted through Philadelphia’s system in 2022, going 6-2 with a 1.48 ERA in 26 appearances spread across two Class A teams and Double-A Reading. AP MLB: https://apnews.com/hub/MLBPresident-elect Trump was named Time magazine’s Person of the Year for a second time on Thursday and he celebrated by ringing the opening bell at the New York Stock Exchange. Trump, who was previously honored by Time after his 2016 White House victory, called the second win “a tremendous honor.” “Time Magazine, getting this honor for the second time, I think I like it better this time actually,” he said before ringing the bell on Wall Street. Trump signaled the importance he places on the NYSE appearance by enlisting Vice President-elect JD Vance, First Lady Melania Trump and his daughter, Ivanka, to join him. He name-checked some of the Wall Street heavyweights in his incoming administration, including Treasury Secretary-nominee Scott Bessent along with his new pledge the federal government will issue expedited permits, including environmental approvals, for projects and construction worth more than $1 billion. “I think we’re going to have a tremendous run. We have to straighten out some problems, some big problems in the world,” he said. Time editor-in-chief Sam Jacobs said Trump was someone who “for better or for worse, had the most influence on the news in 2024.” “This is someone who made an historic comeback, who reshaped the American presidency and who’s reordering American politics,” Jacobs said. “It’s hard to argue with the fact that the person who’s moving into the Oval Office is the most influential person in news.” Trump is one of 13 people, mostly American presidents, to win the honor twice since it was launched in 1927. Former President Franklin Delano Roosevelt is the only one to be named person of the year three times. Other 2024 finalists included billionaire Elon Musk, Vice President Kamala Harris, Israeli Prime Minister Benjamin Netanyahu and Britain’s Princess Kate. Pop star Taylor Swift won last year. In an interview with Time that was published Thursday, Trump said his historic White House comeback reflected the deep anger among Americans over the direction of the nation. “We hit the nerve of the country,” Trump said. “The country was angry.” Trump also re-upped his plan to pardon most of his extremist supporters who were convicted of storming the U.S. Capitol on Jan. 6, 2021. It’s going to start in the first hour,” he said of the pardons. “Maybe the first nine minutes.” The incoming president also discussed his plans for mass deportations and argued he would have the authority to use the military to assist, although legal experts dispute that claim. “I’ll only do what the law allows,” he said. “But I will go up to the maximum level of what the law allows.”