Bloomberg Business

Japan PM Rules Out Sales Tax Hike to Fund Families, Defense

Japanese Prime Minister Fumio Kishida said he has no intention for now to raise the sales tax as his government sets off on a plan to boost military spending and provide financial incentives to help reverse a falling birthrate.

Turks Skip Banks, Head to Ancient Bazaar to Dump Their Liras

Turkey’s tightened grip over financial markets has put Istanbul’s 15th-century Grand Bazaar back at the center of the nation’s commercial activity, as one of history’s first shopping malls becomes a refuge for modern currency traders seeking to escape the reach of President Recep Tayyip Erdogan’s government.

IBM Sees Modest Annual Sales Growth on Strong Second Half

International Business Machines Corp. gave a forecast for annual revenue in line with analysts’ projections, delivering a cautiously optimistic signal about technology spending in an uncertain economy.

German Fiscal Policy Must Complement ECB Moves, Deputy Finance Chief Says

(Bloomberg) — The German government must adopt more cautious fiscal policies that complement the European Central Bank’s efforts to tackle inflation in order to help the economy, the country’s deputy finance minister, Florian Toncar, told Bloomberg Television.

Erdogan Rival Embraces Minority Roots in Latest Turkey Election Pitch

Turkey’s main opposition leader Kemal Kilicdaroglu made a rare acknowledgment of his roots as part of the country’s biggest religious minority, his latest pitch for support ahead of next month’s election against President Recep Tayyip Erdogan.

India Court Denies Rahul Gandhi Appeal to Suspend Conviction

A court in India denied Rahul Gandhi’s appeal to suspend his defamation conviction, a setback to the opposition leader who has been sentenced to two years in jail and disqualified from parliament over the charge.

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