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Italy to seek new EU deal to keep economy on track INTERNATIONAL

Italy to seek new EU deal to keep economy on track

Italy is to seek a new deal with the European Union to allow it to kickstart its stalling economy with an expansionary 2017 budget, a government minister said Saturday.

4:45 AM November 25 2016
Britain's new finance minister rules out emergency budget INTERNATIONAL

Britain's new finance minister rules out emergency budget

Britain's new finance minister Philip Hammond on Thursday ruled out an emergency budget in response to economic turbulence triggered by the country's vote in favour of exiting the European Union.

4:45 AM November 25 2016
Kuwait to tap foreign debt markets to finance deficit ECONOMY

Kuwait to tap foreign debt markets to finance deficit

Kuwait said Sunday it plans to tap the international debt market through bond issues to finance its budget deficit after recording a first shortfall in 16 years.

4:45 AM November 25 2016
Pakistan budget targets tax rises to shore up finances INTERNATIONAL

Pakistan budget targets tax rises to shore up finances

Pakistan is targeting a near 16% rise in tax revenues in the fiscal year ending June 2017, Finance Minister Ishaq Dar said yesterday...

4:45 AM November 25 2016
Pakistan PM undergoes open heart surgery in London INTERNATIONAL

Pakistan PM undergoes open heart surgery in London

Pakistani Prime Minister Nawaz Sharif underwent open heart surgery in a London hospital on Tuesday, his second cardiac procedure in five years, his daughter said.

4:45 AM November 25 2016
Ryanair says to cut prices sharply as European fare war looms ECONOMY

Ryanair says to cut prices sharply as European fare war looms

Ryanair, Europe's largest low-cost airline, is prepared for a fare war to break out later this year and will cut its own fares sharply to increase its market share to sustain profits ...

4:45 AM November 25 2016
India's budget mini space shuttle blasts off INTERNATIONAL

India's budget mini space shuttle blasts off

India successfully launched its first mini space shuttle on Monday as New Delhi's famously frugal space agency joined the global race to make rockets as reusable as airplanes.

4:45 AM November 25 2016
Qatar’s budget balance ‘to turn positive in 2017’ ARABIA

Qatar’s budget balance ‘to turn positive in 2017’

In BMI’s view, the Qatari government will cover its 2016 deficit by “a mix” of domestic and foreign borrowing as well as using some of its foreign currency reserves

4:45 AM November 25 2016
Qatar to let domestic fuel prices fluctuate in subsidy reform ARABIA

Qatar to let domestic fuel prices fluctuate in subsidy reform

Qatar will allow its domestic gasoline and diesel prices to fluctuate in response to changes in global markets as it seeks to reduce waste of fuel and save money for the state budget.

4:45 AM November 25 2016
Panama Papers: huge tax leak exposes Putin aides, world leaders INTERNATIONAL

Panama Papers: huge tax leak exposes Putin aides, world leaders

A massive leak of 11.5 million documents has exposed the secret offshore dealings of aides to Russian president Vladimir Putin, world leaders and celebrities including Barcelona's Lionel Messi.

4:45 AM November 25 2016
Jewellers across India strike over excise tax INTERNATIONAL

Jewellers across India strike over excise tax

Jewellers across gold-loving India started a three-day strike on Wednesday in a bid to force the government to shelve plans for a controversial excise tax announced in this week's budget.

4:45 AM November 25 2016
India unveils budget to help rural poor, rein in deficit INTERNATIONAL

India unveils budget to help rural poor, rein in deficit

India has unveiled a budget for the poor, announcing new rural aid schemes and skimping on a bank bailout, in a strategy shift that seeks to boost Prime Minister Narendra Modi's ruling party in coming state elections.

4:45 AM November 25 2016