The unique exposure of Ireland's low-tax business model to the United States could place its public finances at significant risk under a Donald Trump presidency - if he follows through on pre-election promises. Trump has pledged to incentivise industries to bring production back to the United States, and to slash the corporate tax rate to Irish levels.
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Turkey’s central bank raised its inflation forecasts for this year and through 2026, bringing them closer to market expectations after price gains exceeded estimates for two consecutive months. The latest outlook shows officials see inflation finishing this year at 44% and then reaching 21% by the end of 2025, up from their previous estimates of 38% and 14%, respectively.
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Manolo Blahnik, the high-end shoe brand with many celebrity fans and often worn in the TV hit "Sex and the City", has opened its first store in mainland China after a 22-year battle over the legal right to use its name. In addition to the new boutique in Shanghai's Plaza 66 luxury mall, the company expects to open a store a year in China for the next five years.
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