Thousands of people around the world are facing unexpected tax bills because they are Accidental Americans. Accidental Americans are those considered as US citizens by birth even if they have never set foot in the country. Many are children of American expats captured in the US tax net by the Internal Revenue Service. They are […]
USA
Markets Wait On Fed For Interest Rate Rise
All eyes are on the US Federal Reserve as interest rates were left at a record low of 0.25% by the Bank of England in the face of better than expected economic data. Markets are waiting with bated breath for the Fed to hike interest rates – which chair Janet Yellen has hinted will happen […]
Whose Travel Warning Do You Trust?
Expats and travellers put their safety in the hands of some dubious advisers when travelling overseas, according to a new global survey. Although just over half of travellers (55%) trust government warnings, 34% swear by the advice of family and friends, while another third prefer to follow the guidance of travel writers. Travel agents and […]
Cold War Hots Up Again As NATO Expands
If you thought the Cold War was over, then think again as relations between Russia and the West heat up. The latest flare up is over the tiny Balkan nation of Montenegro joining the mighty North Atlantic Treaty Organisation (NATO) military machine. Russia is still vying with the West about who exerts influence over the […]
Well-Oiled Plan Keeps Cost Of Crude Down
Saudi Arabia has switched on two huge new oil refineries that are likely to leave the price of crude languishing at around $50 a barrel for the foreseeable future. In a war of attrition between oil producing nations, the big players are all scared of blinking first and turning off the flow in case they […]