DUBAI (Reuters) – Dubai has suspended a tax of 30% on alcohol and dropped a licence fee previously needed to buy alcohol in the commercial and tourism hub, two major retailers said on social media. The move is expected to further boost the appeal of Dubai to tourists and expatriate residents drawn by its more …
Dubai scraps 30% tax on alcohol sales amid economic rebound Read More »
ISTANBUL (Reuters) – Turkish factory activity contracted for the 10th month running in December but showed some signs of improvement from previous months as output and new orders fell more slowly, a survey showed on Monday. The Purchasing Managers’ Index (PMI) for manufacturing stood at 48.1 in December, up from 45.7 in November, the Istanbul …
Turkish factory activity contracts in Dec but shows improvement -PMI Read More »
BREGANA BORDER CROSSING, Croatia (Reuters) – Croatia rang in two historic changes with the new year, as the European Union’s youngest member joined both the EU’s border-free Schengen zone and the euro common currency, fulfilling longstanding ambitions of close integration with Europe. At the Bregana border crossing with neighbouring Slovenia, police took down signs at …
Historic new year for Croatia as it joins euro, Schengen area Read More »
ANKARA (Reuters) – The Turkish central bank has included non-bank financial companies in securities maintenance regulations as part of its “liraization strategy” which will be introduced in the New Year. In addition to banks, other financial institutions – such as factoring companies which help firms manage their cash flow – were included in the regulations, …
Turkish central bank includes other financial firms in securities regulation Read More »
(Reuters) – Acacia Research, the acquisition platform backed by activist hedge fund Starboard Value, said on Friday it had been conducting an internal investigation into the “apparent misconduct” of former chief executive officer Clifford Press. The company said its preliminary findings showed that Press appeared to have misused corporate funds for personal use and for …
Acacia says it is probing former CEO’s ‘apparent misconduct’ Read More »
CARACAS (Reuters) – Venezuela’s economy grew 17.73% year-over-year in the first three quarters of 2022, the South American country’s central bank said Friday, following an eight-year economic collapse. The economy plunged into crisis after a state-controlled model failed to produce results, prompting more than 7 million Venezuelans to flee the country. In 2019 President Nicolas …
Venezuela economy grew 17.73% y/y through September – central bank Read More »
By Nevzat Devranoglu and Ezgi Erkoyun ANKARA (Reuters) -Turkey’s central bank said on Friday it aims to lift the share of lira deposits to 60% of all deposits in the banking system over the next six months, and vowed to continue using regulations to support access to credit. Lira deposits now account for 53% of …
Turkey cenbank targets 60% lira deposits in banks by mid-2023 Read More »
GUAYAQUIL (Reuters) – Insecurity in Ecuador is hurting the Andean country’s exports of products like bananas and shrimp, an exporters association said, amid assaults on shipping containers and contamination of shipments with drugs. At least 63 people linked to exports of bananas, shrimp and cacao – the raw material used to make chocolate – were …
Ecuador insecurity, drug crime hitting exporters -business group Read More »
By Dan Burns (Reuters) -The number of Americans filing new claims for unemployment benefits edged higher last week and a week earlier the total number on jobless assistance reached the highest since February, but both remain at levels indicating the U.S. job market remains tight, even as the Federal Reserve works to cool demand for …
Jobless benefits rolls grow but U.S. labor market remains resilient Read More »
By Marion Giraldo and Kylie Madry (Reuters) -Peru’s finance minister on Thursday announced a $1.55 billion plan to revive the economy, impacted by weeks of protests that have followed the ouster of former President Pedro Castillo. Alex Contreras said the package, costing 5.9 billion soles and to be financed with extra tax income and funds …
Peru launches $1.6 billion economic recovery plan after protests Read More »
