France to impose green tax on plane tickets

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(Paris) - The French government is to impose a tax of up to 18 euros ($20) on plane tickets for all flights from airports in France to fund less-polluting transportation projects, a minister said. The move, which will take effect from 2020,…

France government approves Canada trade deal

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The French government on Wednesday approved a bill ratifying a huge EU-Canada trade deal which will be voted on next month by the parliament. "The cabinet has considered and approved the bill," junior foreign minister Jean-Baptiste Lemoyne…

Google endorses 'international tax deal' for multinationals

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(Washington) - Google said it supports a global agreement on taxation that could allocate more taxes from multinationals to jurisdictions outside their home countries. "We support the movement toward a new comprehensive, international framework…

Russia, Saudi agree to extend OPEC production cut deal

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(Osaka) - Russia and Saudi Arabia have agreed to extend a deal to keep oil production low owing to abundant world supplies, President Vladimir Putin said. "We will extend this deal, Russia and Saudi Arabia. For how long? We will think about…

Trump confirms won't impose new tariffs on China

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(Osaka) - The United States will not impose any new tariffs on China for now, President Donald Trump said after high-stakes talks with his Chinese counterpart on the bruising trade war. "At least for the time being," Washington will not…

Facebook to unveil new cryptocurrency

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(London) - Facebook is set to unveil a bid to bring cryptocurrency payments into the mainstream, reportedly with the endorsement of governments and financial giants. The world´s biggest social network is expected to outline details of a…

Uber eyes drones for food delivery

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(Washungton) - Uber said it plans to speed up restaurant meal delivery by using drones for its Uber Eats service, in the latest effort by the ride-hailing giant to disrupt the transport sector. At its Uber Elevate Summit, the company said…

US cuts off India preferential trade access

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(Washington) - The United States will end preferential trade treatment for India, US President Donald Trump has announced, in a fresh economic headwind for New Delhi alongside slowing growth and record unemployment. India has been the single…

Huawei moves US court against Trump ban

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(Shenzhen) - Chinese telecom giant Huawei filed a motion for summary judgment as part of a process to challenge the constitutionality of the 2019 National Defense Authorization Act, as parts of its continuing efforts to challenge the US government…

UAE offers golden visas to investors, ´exceptional talents´

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(Dubai) - The United Arab Emirates said it has launched a permanent residency scheme to attract wealthy individuals and highly skilled workers to the oil-rich Gulf country. The "Golden Card" programme is open to investors and "exceptional…

Google and Android system start to cut ties with Huawei

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(San Francisco) - US internet giant Google, whose Android mobile operating system powers most of the world's smartphones, said it was beginning to cut ties with China's Huawei, which Washington considers a national security threat. In the…

China hits back at US with tariffs on $60bn of products

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(Beijing) - China has hit back in its trade war with the US, announcing plans to impose tariffs on US$60bn of American imports. Tariffs will be imposed on 5,140 US products with an annual value of about $60bn from 1 June, the Chinese finance…

Amazon offers employees $10,000 to quit

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Amazon said it was offering employees $10,000 to quit their jobs and become independent package delivery entrepreneurs for the online retail colossus. An Amazon statement said the latest incentive would also include three months of wages…

US government posts $160 bn surplus in April

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(Washington) - The US federal government posted a $160 billion budget surplus in April, according to data released by the Treasury Department. The Treasury said federal spending in April was $375 billion, up 27 percent from the same month…