Syz the moment

Source: Civixplorer @Civixplorer

▶️ Canada has walked back on its digital services tax “in anticipation” of a mutually beneficial comprehensive trade arrangement with the United States, Ottawa announced Sunday night, just one day before the first tax payments were due. ▶️This decision from Ottawa was an about-turn from Canadian officials earlier this month, who said they would not pause the digital services tax, despite strong opposition from the U.S. ▶️Canada’s Minister of Finance and National Revenue Francois-Philippe Champagne added, “Rescinding the digital services tax will allow the negotiations of a new economic and security relationship with the United States to make vital progress and reinforce our work to create jobs and build prosperity for all Canadians.” Source: FT, CNBC

The U.S. News Best Countries rankings are based on a survey of 17,000 people from 36 nations who evaluated 89 countries across 10 subrankings, in partnership with WPP and Wharton. ATTRIBUTES Different, dynamic, unique Safe, affordable, stable Innovative, skilled, connected Modern, adaptable, responsive Ethical, equitable, climate-focused Low-cost, tax-friendly, efficient Trendy, prestigious, influential Fun, scenic, tourist-friendly Military, political, economic Historic, cultural, culinary Countries must meet certain GDP, tourism, and FOI thresholds to be included in the survey. Survey conducted between March 22nd-May 23rd, 2024. Source: USNews. com, Visual Capitalist

1. Saudi Aramco: $120.7B 2. Apple: $97.0B 3. Berkshire Hathaway: $96.2B 4. Alphabet (Google): $73.8B 5. Microsoft: $72.4B 6. ICBC: $51.4B 7. JP Morgan Chase: $49.6B 8. China Construction Bank: $47.0B 9. Meta (Facebook): $39.1B 10. Agricultural Bank of China: $38.0B Source: Statista

Source: BRICS News

Here's an extract: "The corporate response to the April 2 announcement of the administration’s reciprocal tariff strategy—referred to by President Trump as “Liberation Day”—has been unambiguous: For companies, new orders have fallen, capex plans have fluctuated, inventories were rising before tariffs took effect, and firms started revising down earnings expectations. For households, consumer confidence has sunk to record-low levels, consumers were front-loading purchases before tariffs began, and tourism has been slowing. In mid-May, Moody’s downgraded the US credit rating, increasing borrowing costs for both US consumers and firms. This voluntary trade reset slowdown (Exhibit 1) is a risk to the economic outlook. While both April and May inflation numbers were surprisingly subdued—the consumer price index rose just 2.4% year-over-year in May—the effects of Liberation Day were surely still working their way through the trade pipeline"

▪️ Top execs see 4% of problems. ▪️ Team leaders see 74%. ▪️ Frontline staff see 100%. The point is clear: Critical info gets lost on the way up. Yet most leaders hide in offices, making decisions in a vacuum. Corporate Rebels has identified the following behaviour best leaders demonstrate: 👉 They walk the floor. 👉 They do the dirty work. 👉 They value frontline voices. 👉 They build trust, not fear. 👉 They make sure info flows freely. Very interesting. In a nutshell: " No trust? No truth. No truth? No progress".

Volkswagen unveiled its white-label robotaxi the people of Los Angeles will be able to hail via $UBER next year. Unlike its tech competitors, VW aims to be a supplier and leave the actual business of managing the fleets to $UBER. Source: Wolf of Harcourt Street @wolfofharcourt