China to pilot property tax reforms
The Standing Committee of the National People’s Congress (NPC), China’s top legislature, on Saturday adopted a decision to authorize the State Council to pilot property...
International
South Korea’s real-life debt trap
Many small business owners in South Korea recognise themselves in the cash-strapped characters of the wildly popular Netflix (NFLX.O) drama ‘Squid Game’, who vie desperately...
China’s fiscal revenue up 16.3 per cent in first nine months
China’s fiscal revenue logged a year-on-year increase of 16.3 per cent in the first nine months of the year, official data showed Friday. The country’s...
UK plans 8 billion pounds of extra health and education spending
British finance minister Rishi Sunak plans a 5 billion pound ($6.9 billion) programme to fund health research and 3 billion pounds of extra funding for...
Italy woos Intel over multibillion-euro chip plant
Rome is drawing up an offer to try to convince Intel (INTC.O) to invest billions of euros in an advanced chipmaking plant in Italy, as...
Green transition deal will be painful for some warns minister
Finance Minister Constantinos Petrides said on Friday that the green transition will not be a painless process, highlighting the financial burdens it will likely incur...
Sony loses K-pop megaband BTS to Universal
South Korea’s BTS has signed a new distribution and marketing deal with Universal Music Group (UMG.AS), the world’s biggest music label, dropping Sony Music’s (6758.T)...
BMW starts producing new electric model, commits to emissions-free transport
German automaker BMW’s (BMWG.DE) first sales-ready battery electric i4 models rolled off production lines at its main plant in Munich on Friday, as the company...
Beyond Meat shares bleed on bleak revenue forecast as retail demand dips
Beyond Meat Inc (BYND.O) on Friday cut its third-quarter revenue forecast, blaming a host of factors including a drop in demand from grocery stores and...
UK agrees to end digital services tax after global tax reform
Britain said on Thursday it would phase out its Digital Services Tax on US tech giants such as Google and Facebook once a global reform...
UK public’s inflation expectations rocket to record high
A record proportion of the British public thinks inflation will accelerate over the next 12 months, according to data that could further boost expectations that...
Cyprus and India see growth potential in renewables, trade and tourism
Cyprus and India reaffirmed the potential for further development and increased cooperation during the ninth Cyprus-India Intergovernmental Meeting on economic, scientific, technical and industrial partnerships...
Dutch forensic lab says it has decoded Tesla’s driving data
The Dutch government’s forensic lab said on Thursday it had decrypted electric carmaker Tesla Inc’s (TSLA.O) closely guarded driving data-storage system, uncovering a wealth of...
Gulf economies to pick up speed next year, with fall in oil prices biggest risk
Economies in the six-member Gulf Cooperation Council will grow faster next year than previously thought, according to a Reuters poll of economists who warned a...
Unilever warns of even higher inflation next year
Unilever (ULVR.L) warned inflation was likely to accelerate next year, keeping the pressure on consumer goods companies as they hike prices to try to offset...
Barclays third quarter profit doubles amid global merger frenzy
Barclays (BARC.L) reported on Thursday a doubling of third-quarter profits, beating market expectations, as it followed Wall Street rivals in reaping bumper investment banking fees...
UK borrowing down by half as Sunak readies budget
British public borrowing fell by almost half in the first six months of the current financial year from a post-World War Two high a year...
UK and New Zealand strike free trade deal
Britain and New Zealand have reached agreement in principle on a free trade deal designed to reduce tariffs, improve services trade, and take London one...
Bank of England to raise rates to 0.25 per cent in Q1, possibly sooner
The Bank of England will be the first major central bank to raise interest rates in the post-pandemic cycle but economists polled by Reuters think...
‘Cypriot students still want to come to the UK’
Although conditions are not as favourable at the moment, Cypriot university students are still attracted to the prospect of studying in the United Kingdom. “With...