Australia lowers tax revenue forecast on weak Chinese economy

• Weak China retail sales add to pressure on Beijing to lift economy

  Consumption rises less than forecast in November, highlighting why leadership made it the top economic concern
  
  Financial Times - 4h
• 

  Australia plans to tax digital platforms that don't pay for news

  The Australian government says it will tax large digital platforms and search engines unless they agree to share revenue with Australian news media organizations
  
  ABC News - 4d

• Australia to introduce ‘news tax’ on tech companies

  Move is designed to close loophole after Meta walked away from existing deal to use media content
  
  Financial Times - 4d

• Oracle shares slide on earnings and revenue miss, disappointing forecast

  Oracle shares fell Tuesday morning after the database software company issued disappointing quarterly results.
  
  CNBC - 5d
• 

  Collapse of France’s Government Further Burdens Its Weak Economy

  Already struggling with flat growth and a large debt and deficit, the country faces a new period of instability without a functioning government or a budget.
  
  The New York Times - Dec. 5
• 

  Trump Tax Cuts Won’t Help the Economy Grow, Budget Office Finds

  A larger debt and higher interest rates would cancel out the boost from keeping individual taxes lower, the nonpartisan Congressional Budget Office found.
  
  The New York Times - Dec. 4
• 

  OECD lowers economic forecast in further warning sign for Germany

  Yahoo News - Dec. 4

• Marvell forecasts fourth-quarter revenue above estimates on strong AI-backed demand

  Marvell's shares have risen nearly 60% this year as Wall Street pours billions of dollars into AI-linked stocks, placing huge bets on the future of genAI technology. Demand for advanced chips that ...
  
  Yahoo Sports - Dec. 3

• Pakistan's Reliance on Chinese-Built Power Plants Is Strangling Its Economy

  Pakistan turned to Beijing to solve a crippling energy shortage. Now, the country is crushed by debt and sky-high energy prices—and its economy is spiraling.
  
  The Wall Street Journal - Dec. 3

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