• Tax fraud denunciation website causes an uproar in Germany

    BERLIN: A proposal by Germany’s center-left Greens to roll out an online tax fraud denunciation platform has prompted sharp criticism from opposition parties in the run-up to elections later this month.

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  • US factory activity expands but employment contracted

    WASHINGTON: US factory activity continued to expand in August but manufacturers struggled with ongoing supply chain snarls while employment contracted again, according to an industry survey released Wednesday.

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  • Brazil economy contracts 0.1% in Q2

    RIO DE JANEIRO: Brazil’s economy performed worse than expected in the second quarter of 2021, contracting 0.1 percent in the latest sign the Latin American giant’s pandemic recovery has lost steam. 

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  • US trade gap falls as demand surge ebbs

    WASHINGTON: The US trade deficit fell in July for the first time in three months, the Commerce Department said yesterday, as the vaccine-fueled surge in American consumer demand ebbed and exports picked up. 

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  • What can central banks do to address climate risks?

    WASHINGTON: The world’s main central banks were seen as saviors of the global economy in the wake of the 2008 financial crisis and when the coronavirus pandemic hit last year, but they are less than unified when it comes to addressing climate change.

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  • World Conservation Congress kicks off in France tomorrow

    BONIFACIO, France: In this file photograph, workers immerse blocks in the sea for the anchorage of yachts in the Sant’ Amanza bay close to Bonifacio in the south of the French Mediterranean island of Corsica. —AFP

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  • Google to appeal $590m French fine in copyright row

    PARIS: A man takes a picture with his mobile phone of the logo of the US multinational technology and Internet-related services company Google as he visits the Vivatech startups and innovation fair, in Paris. —AFP

     

     

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  • Global sea freight sector grapples with a shortage of container ships

    LONDON: Global sea freight was severely disrupted by the COVID crisis but is now recovering and prompting a boom in new container ship orders as the industry grapples with a shortage of vessels. Shipping companies, buoyed by soaring freight prices, are splashing out cash on expanding their fleets.

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  • India reports record quarterly growth after COVID slump

    NEW DELHI: India’s economy expanded by a record 20.1 percent between April and June, official data showed, boosted by the manufacturing and construction sectors as growth rebounded from last year’s strict months-long pandemic lockdown. 

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