The article "Main elements of fiscal reforms agreed by EU governments"1 reports on the historic agreement reached by EU finance ministers to reform the bloc’s fiscal rules, known as the Stability and Growth Pact. The article outlines the main points of the new approach, which aims to offer countries tailor-made...
Houston Housing Market Remains Stable Despite Rising Mortgage Rates
The Houston housing market is one of the most stable in the United States, according to a recent study. Despite the challenges of rising mortgage rates, inflation, and limited inventory, Houstonians are still finding opportunities to buy or sell their homes. A study by Realtor.com ranked Houston as the eighth...
A Thrift Store Treasure: How a $4 Vase Turned into a $100,000 Windfall
A Virginia woman who bought a glass vase for $3.99 at a Goodwill store was stunned to discover that it was worth over $100,000. The vase, designed by renowned Italian architect Carlo Scarpa, was sold to an auction house that specializes in modern design. Jessica Vincent, a Richmond native who...
Hong Kong Launches Pilot Programme for e-HKD
Hong Kong is exploring the possibility of issuing a retail central bank digital currency (CBDC), known as e-HKD, that could potentially replace physical cash in the future. The Hong Kong Monetary Authority (HKMA) has announced the commencement of the e-HKD Pilot Programme, which will involve 16 firms from the financial,...
IRS Postpones New Reporting Requirement for Payment Apps and E-Commerce Platforms
The Internal Revenue Service (IRS) has announced that it will delay the implementation of a new reporting requirement for payment apps and e-commerce platforms until 2024. The new requirement, which was enacted as part of the American Rescue Plan Act of 2021, would have lowered the threshold for issuing Form...