Business
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U.A.E. on 'gray list' by anti money-laundering body
The U.A.E. is considered to have made efforts against money-laundering but that more needed to be done.
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Sony to help Honda produce new electric cars in an uncommon move for Japanese businesses
Sony and Honda will join forces to produce innovative electric vehicle. An uncommon move in Japanese business.
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Costa Rica legalized therapeutic marijuana
Costa Rica legalized therapeutic use of marijuana, considering it is part of citizens' "fundamental right to health".
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Swiss lower house approved a ban on foie gras imports
After several unsuccessful attempts, Switzerland will probably ban the import of foie gras.
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South Africa releases a plan limiting employment of foreign workers
South Africa released a framework that would set quotas on the number of foreign workers. The country is struggling with extremely high unemployment rates and a xenophobic trend blames migrants.
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Sberbank difficulties in Europe and consequences for account holders
As one of the first consequences of financial sanctions on Russia, European branches of Sberbank face failure after customers withdrew their money. Several countries restrict financial operations from account holders.
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Brazil lower house approves bill legalizing gambling and casinos despite dissension
Brazil lower house approved the main text of a bill legalizing gambling. But lawmakers disagreed about the law even among political parties.
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Sri Lanka needs to organize power outages to save cash
Sri Lanka needs to impose temporary power cuts because the island faces shortages of fuel which disrupts its power grid.
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Adapting to a new economy and recycling passenger planes into cargo jets
As air travel are been severely hit with the COVID-19 pandemic and online shopping soared, converting passenger planes into cargo jets has become an opportunity.
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When beekeepers try to prevent their hives from being stolen in California
Beekeepers install GPS trackers and surveillance cameras to protect their beehives from being stolen in California.
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Russia Minister of Finance wants people to pass a test before investing in cryptocurrency
The Minister of Finance of Russia proposed a law regulating cryptocurrency in the country where investors would be clearly identified and would need to pass a test before investing.
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A businessman suspected of fraud wins the right to privacy against news media
The U.K. Supreme Court ruled that Bloomberg News didn't respect a "reasonable expectation of privacy" by publicly revealing that an American businessman was under investigation by U.K. law enforcement for suspicions of fraud, bribery and corruption.
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Foreign barbers are prohibited from working in Thailand, government recalls
Thailand recalled that foreign barbers are strictly prohibited to work in the country, as well as 26 other jobs.
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Board of Japanese brewer Kirin decides to withdraw from Myanmar
Kirin Holding was unhappy with last year's military coup, the board officially decided to withdraw from a joint venture shared with a military-affiliated company by June 2022.
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The United States banned imports of avocados from Mexico's state of Michoacán
The United States issued a ban on avocados imported from Mexico after one of its agents carrying out inspections in Michoacán received a threatening message.
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When global companies celebrate a national day politically controversial in another market
Some local branches of global companies celebrated a Pakistani national day, the Kashmir Solidarity Day, that India sees as disrespectful to its sovereignty. Several brands published apologies.
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Quarantined cross-border truckers increased vegetable prices in Hong-Kong
Hong-Kong faces a surge of COVID-19 cases. And with the city's zero-COVID policy, its tight restrictions affect the food supply chain.
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Proposed Mexican energy reforms power domestic debate and make the U.S. concerned
The president of Mexico wants a constitutional reform on electricity but the private sector and the United States are concerned.
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Slovenia restructures consumer loans made in Swiss francs up until 17 years ago
Slovenia restructured consumer loans contracted in Swiss francs up until 17 years ago. Slovenes contracted loans in the Swiss currency but they became more difficult to reimburse since the francogeddon in 2015.
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Latvia introduced a nationwide deposit system for bottles to improve waste management
Latvian residents will pay an extra 10 cents their bottles and will get a voucher or a refund when they hand over their beverage containers to the deposit system.
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Twitter claims Germany's anti-hate speech law may force sharing personal data unnecessarily
Twitter filed a lawsuit against the German anti-hate speech law because it is concerned it would be asked to share personal user data before there is anything illegal.
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A controversy on public spending for street lighting in Sofia
An opposition council member of Bulgaria's capital denounces public spending related to street lighting contracts. Bulgaria Prime Minister orders a review of the allegations.
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European companies and expats may leave Hong Kong because of its Covid-19 restrictions
European expats and foreign companies may leave Hong Kong because of the stringent Covid-19 rules according to a draft report from the European Chamber of Commerce.
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Norway is torn between exporting offshore wind power or keeping it for the Norwegians
As Norway invests in offshore wind farms to increase its renewable energy supply, projects are stalled between the opportunity to make profits exporting power and fears electricity prices increase for the population.
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When a prime minister's WeChat account is sold to a Chinese company
The WeChat account of Australian Prime Minister Scott Morrison has been bought by a Chinese company. The account holder rejects allegations of political interference.
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Cuba is short of baby formula and coffee
Cuba is facing a running out of milk powder as it has difficulties importing milk. The population also struggles to find coffee.
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International tourism not much better-off in 2021 despite a 19% revenue growth
Revenue from international tourism grew by 19% in 2021. But the industry doesn't expect a return to pre-pandemic volume before 2024.
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Backpackers and international students to the rescue of Australia's workforce
Australia's government waived visa application fees for international backpackers and students.
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102 millionaires ask leaders at the World Economic Forum to tax the rich
Some millionaires ask world leaders to create a wealth tax. A study estimates it could provide healthcare to 3.6 billion individuals, lift 70% of people below the poverty line and make enough Covid-19 vaccines for the world.
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Singapore refuses public marketing campaigns promoting cryptocurrency trading
Singapore's financial authority says that social media influencers cannot promote cryptocurrency trading services.
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Millions of bottles of wine with a special sticker to avoid destruction in Russia
Millions of bottles could have been destroyed on 2022, but authorities will allow a special sticker to put on bottles produced before the legislation passed.
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In Ghana, some call for a boycott of phone calls
As Ghana launched a plan to better identify phone users to combat fraud, registering the SIM card to keep using a phone may take hours.
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Thailand plans to collect a new tax on international tourists from April
Thailand is planning to collect a tax from international tourists of US$9 per person.
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Nigeria removes a country ban on Twitter after 7 months of suspension
Nigeria lifted a ban on Twitter that lasted 224 days because the company removed a tweet from the president.
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Argentine administration asked to work from home to avoid power outage
Argentina suffers from a heat wave increasing energy demand that resulted in power outage in Buenos Aires.
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Poland announces removing VAT on food and gas despite EU laws, but not on fuel
In order to mitigate effects of inflation in Poland, the government announced actions that include a 0% VAT on food items, but not on all energy products.
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Bulgaria PM confirms objective to adopt euro in 2024, unlike Romania
The newly-elected prime minister of Bulgaria confirmed he is "fully committed" to joining the eurozone on 2024.
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Thailand stops export of pork for 3 months to limit price increase
Thailand decided to ban pork export for 3 months to reduce pressure on rising prices as production decreased.
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Taiwan will invest US$200m to support Lithuania's industry
Taiwan announced it would invest US$200 million in a development fund for Lithuania.
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Chinese companies with big data to pass cybersecurity review before going public abroad
The Chinese administration will ensure companies managing big data don't threaten national security. New regulations on apps and algorithms will also come soon.
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