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Immigration Economy
New Home Sales in the United States Reach a 7-Year High in August
Data released by the U.S. Department of Commerce shows that new home sales in the United States significantly increased in August, reaching the highest level since August 2008. The data indicates that, seasonally adjusted, the annual rate for new home sales in August was 552,000 units, a month-over-month increase of 5.7%. According to economists, the healthy real estate market in the United States should see around 700,000 new home transactions.
Latvia's Global Innovation Index Ranking Improved in 2015
According to a report released on September 24 by the Baltic News Service, based on the 2015 Global Innovation Index report published by the World Intellectual Property Organization (WIPO), Switzerland, the United Kingdom, Sweden, the Netherlands, and the United States are the five most innovative countries in the world among 141 economies. Among the Baltic States, Latvia ranked 33rd, improving by one position from the previous year, Estonia ranked 23rd, and Lithuania ranked 38th.
Direct Shipping Route Launched Between Singapore and Largest Container Port in Western China
A new container shipping route between Qinzhou Port, the largest container port in Western China, and Singapore was recently launched, allowing goods from Southwest China to be shipped directly to Singapore, Europe, and other regions without the need to transit via Hong Kong.
Philippines and Hong Kong Sign Statement on Investment Promotion Cooperation
The "Think Global, Think Hong Kong" business seminar was held on the 24th in Manila, the capital of the Philippines. Hong Kong and the Philippines signed a statement of intent on investment promotion cooperation that day to establish a platform for information exchange on investment environments and opportunities in both regions, encouraging both sides to establish businesses or expand operations in each other's territories.
UK Chancellor Opens High-Speed Rail Contracts to Chinese Bidders
During his visit to China on Thursday, UK Chancellor of the Exchequer George Osborne is expected to open bidding for £12 billion ($18 billion) in high-speed rail construction contracts, marking the latest effort to attract Chinese investment to the UK. Osborne will also seek Chinese support for a £24 billion investment plan for Northern England.
Canadian Retail Sales Record Growth for Third Consecutive Month
Data released by Statistics Canada on September 23 shows that Canadian retail sales in July were largely in line with expectations and recorded an increase for the third consecutive month, driven by higher sales at motor vehicle dealers and clothing stores.
[Overseas Property Investment] How Much Do US Immigrants Know About Property Tax
[Overseas Property Investment] How Much Do US Immigrants Know About Property Tax — Investing in US real estate is a key goal for many US immigrants looking to purchase property abroad. However, new US immigrants are also required to pay property tax after buying a home in the United States. How much do US immigrants know about US property tax? This issue of "Overseas Property Investment" will introduce relevant knowledge about US property tax.
Ireland Becomes the World's Eighth Most Innovative Economy
According to a September 21 report by Irish media, the 2015 Global Innovation Index indicates that Ireland has surpassed Luxembourg and Denmark to become the world's eighth most innovative economy. Cornell University, INSEAD, and the World Intellectual Property Organization jointly surveyed 141 economies worldwide, measuring innovation capability and measurable output through 79 indicators.
Spanish Wine Company Acquired by Chinese Enterprise
Changyu, China's largest wine enterprise, held a press conference in Madrid on the 22nd to announce the completion of its acquisition of Marqués del Atrio, an influential wine company in Spain's Rioja region.
Tsipras Emphasizes Commitment to Stabilizing Greek Economy
The Syriza party, led by former Greek Prime Minister Alexis Tsipras, won the parliamentary election, and he has been sworn in for another term as Prime Minister. He stated that the new government will focus on restoring national economic and banking stability and will negotiate debt relief with international creditors.
Cyprus May Abolish Austerity Measures in 2017
Cypriot Finance Minister Harris Georgiades stated on the 16th that the government has released the 2016 austerity budget, which is the final year before exiting the international bailout program, and that no further austerity measures will be required thereafter.
Portugal Receives EU Subsidies to Support Dairy Industry
Of this, 420 million euros will be used to subsidize milk and dairy producers, and the remaining 80 million euros will be used to subsidize pork producers. The specific allocation plans are the responsibility of each EU member state government. Under this subsidy program, Portugal will receive 4.8 million euros, with the subsidy amount calculated based on 2014 production quotas.