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UK's Labour govt prepares to unveil its first budget
Britain’s new Labour government unveils its maiden budget Wednesday, with Prime Minister Keir Starmer warning of "painful" decisions over taxes and public spending. "Alongside tough decisions on spending and welfare... taxes will need to rise," Reeves wrote in the Financial Times on Thursday.
Germany promises more visas for Indians during Scholz visit
Germany promised to dramatically boost the number of skilled Indians it permits to work in the country as Prime Minister Narendra Modi hosted Chancellor Olaf Scholz in New Delhi on Friday. His administration agreed to increase the number of visas granted annually to skilled Indian workers to 90,000, up from 20,000.
Russia hikes interest rates to 21%, highest since 2003
Russia's central bank hiked interest rates to 21 percent on Friday, taking borrowing costs to their highest level in more than 20 years amid surging inflation. Official borrowing costs in Russia have not been above 20 percent since 2003.
Locals fume as Lisbon's historic trams become tourist 'toy'
An age-old symbol of the Portuguese capital, Lisbon's rickety yellow trams have become such a magnet for tourists that some locals complain they can no longer grab a ride. Local associations have for years demanded a more reliable public transport system for both residents and tourists.
Iran's aviation woes compounded by latest EU sanctions
Iranian photographer Tannaz was on her way to Tehran's airport when European sanctions on flag carrier Iran Air forced her to return home, unable to make it to work in Paris.
Asia markets split after Tesla boosts Wall Street
Japanese shares fell but Chinese markets gained in a disjointed start to Asian trade on Friday, after Wall Street cheered strong results from electric car giant Tesla. In Asian trade on Friday morning, Tokyo stocks fell one percent, while Hong Kong rose 0.5 percent and Shanghai was up 0.2 percent.
It's the economy, say voters in swing state Nevada
Las Vegas may be America's playground but for those who live and work in Sin City, high costs make life difficult, and that single issue will be decisive when they vote for a new US president in November. - Unemployment - Las Vegas came to a complete standstill during the Covid-19 pandemic, leaving thousands out of work.
US court blocks Coach owner's $8.5 bn buyout of Versace parent
A US judge on Thursday blocked fashion group Tapestry's $8.5 billion deal to buy Capri, which owns luxury brands including Michael Kors and Versace, citing a potential loss of competition. Tapestry owns brands including Coach and Kate Spade.
IMF official calls on international community to bring end to Lebanon conflict
The international community should work to end the conflict in the Middle East and address the "huge" humanitarian crisis that has engulfed countries in the region, the head of the IMF's Middle East and Central Asia department said Thursday.
AFP
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