BEIJING (Reuters) – China will extend its exemption of new energy vehicles’ from purchase taxes to the end of 2023, creating tax cuts worth a total of 100 billion yuan, …
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SEOUL (Reuters) – Samsung Electronics said on Friday it broke ground at a new semiconductor research and development (R&D) complex in South Korea, where it plans to invest about 20 …
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(Reuters) – Spain’s trade deficit in the first six months of the year widened almost six-fold from the same period a year earlier to 32 billion euros ($32.6 billion), the …
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DUBAI (Reuters) – Emirati artificial intelligence firm G42, chaired by the Gulf state’s national security advisor, on Thursday launched a $10 billion fund to invest in late-stage technology companies. G42, …
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Biden Cancels $3.9 Billion Of Student Debt For Students ‘Intentionally Misled’ By ITT Tech Reagan Reese on August 17, 2022 The Department of Education (DOE) is relieving $3.9 billion in …
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ZURICH (Reuters) – The Swiss government is expected to run a budget deficit of 5 billion Swiss francs ($5.25 billion) for 2022, it said on Wednesday, citing extraordinary costs from …
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SAN JOSE (Reuters) – Costa Rica’s President Rodrigo Chaves said on Tuesday he plans to present a bill to sell state-owned banks Banco de Costa Rica and Banco Internacional de …
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By Gertrude Chavez-Dreyfuss NEW YORK – Losses arising from cryptocurrency hacks jumped nearly 60% in the first seven months of the year to $1.9 billion, propelled by a surge in …
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BANGKOK – Thailand is aiming for 2.2 trillion baht ($61.97 billion) of investment in the country’s industrial east over the next five years, a government official said on Monday, as …
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(Reuters) – President Joe Biden said he will next week sign into law a $430 billion bill that is seen as the biggest climate package in U.S. history, designed to …
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WASHINGTON – The Democrats’ landmark $430 billion climate, tax and drug pricing bill secured enough votes to pass the U.S. House on Friday. Voting was ongoing in the Democratic-controlled chamber. …
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(Reuters) – Italian luxury group Prada SpA is considering seeking at least $1 billion from a second listing in Milan and is working with Goldman Sachs Group Inc on early …
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KYIV – Ukraine expects $3 billion of U.S. financial aid to arrive in August and a further $1.5 billion in September, Finance Minister Sergiy Marchenko said on Thursday. Marchenko said …
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MANILA – The Philippines posted a $5.84 billion trade deficit in June, the widest gap based on data running from January 2020, government figures showed on Tuesday, ahead of the …
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BERLIN – German Finance Minister Christian Lindner plans a 10.1 billion euro ($10.29 billion) relief package to help taxpayers in 2023 which he is set to present next week, the …
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WASHINGTON – The U.S. Senate on Sunday passed landmark legislation sought by President Joe Biden that Democratic backers say will bring a major reduction in carbon emissions that cause climate …
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WASHINGTON – The U.S. Senate on Saturday began a vote to hold debate on a landmark $430 billion bill that would reduce carbon emissions that cause climate change, allow Medicare …
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ISTANBUL – Turkey’s current account is expected to record a deficit of $3.4 billion in June and end the year with a deficit of more than $40 billion, a Reuters …
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JAKARTA -Indonesia’s foreign exchange reserves fell the most in a month since the start of the pandemic, Bank Indonesia (BI) data showed on Friday, as the central bank pledged to …
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TOKYO -Japan’s Government Pension Investment Fund (GPIF) reported on Friday an investment loss of 3.75 trillion yen ($28.13 billion) for April-June, the second consecutive quarter of negative returns, as economic …
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ROME – Italy’s government on Thursday approved an economic aid package worth 17 billion euros ($17.4 billion) to help shield firms and families from surging energy costs and consumer prices, …
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By Yousef Saba DUBAI – Saudi Arabia has registered a budget surplus of nearly 78 billion riyals ($21 billion) in the second quarter of 2022, the finance ministry said on …
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By Rozanna Latiff and A. Ananthalakshmi KUALA LUMPUR – Malaysia is scrambling to protect its assets as the descendants of the last sultan of the remote Philippine region of Sulu …
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(Reuters) – Bangladesh is seeking $2 billion from the World Bank and the Asian Development Bank (ADB) amid efforts to bolster its foreign exchange reserves, Bloomberg News reported on Wednesday. …
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MUMBAI – India’s trade deficit is likely to remain above $20 billion for an extended period, posing the risk of a wider current account deficit, Barclays said. “While we still …