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Author Archives: admin

Registration of social sites must for tax purpose: Minister Banskota

Gokul Prasad Baskota, Minister of Information and Communications. Photo: Balkrishna Thapa/ THT

Amid criticism that the government is preparing to control the operation of social networking sites by making it necessary for them to register in the country, the government has clarified that registration of social networking sites is necessary to bring them under the tax net of the government. Addressing a discussion programme on Information and Technology Bill that has been ... Read More »

Kuwait Airways seeks $350m loan to pay for planes

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Kuwait Airways Corp. is seeking a $350 million loan that will help the Gulf carrier pay for planes, people with knowledge of the deal said. The state-run airline is talking to banks to raise a five-year facility, said the people, asking not to be identified because the information is private. It’ll be used to make early payments for narrow-body jets, ... Read More »

Qatar-Oman trade rises to QR6.8bn in 2018

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Bilateral trade between Qatar and Oman rose by 240 percent in two years, reaching QR6.8bn in 2018, a significant increase from QR3.8bn in 2017, and QR2bn in 2016, Qatar Chamber (QC) Chairman Sheikh Khalifa bin Jassim Al Thani has said. In a press statement after his meeting with a high delegation of Omani officials on Thursday, Sheikh Khalifa bin Jassim ... Read More »

Iran, Iraq “to Meet $20bn Trade Target in 2 Yrs”

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Iran’s Minister of Industry, Mine and Trade Reza Rahmani said Tehran and Baghdad have agreed to reach the target of raising the value of annual trade exchange to $20 billion within the next two years. Speaking at a TV program on Wednesday, Rahmani stressed the need to exploit the potential of Iran and Iraq for industrial and trade cooperation. He ... Read More »

Traders say 80 businesses hit in ‘yellow vest’ rampage

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Workers began cleaning up the Champs Elysees in Paris on Sunday after rioters ransacked stores and restaurants in a new flare-up of violence linked to the yellow vest protest movement. Cutting short a weekend ski trip, President Emmanuel Macron returned to Paris late on Saturday for a crisis meeting with ministers at which he ordered decisions to be taken rapidly ... Read More »

Afghanistan summons Pak diplomat over Pak PM’s remarks

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The Afghan Foreign Ministry summoned on Saturday a senior official from Pakistan’s embassy here over Pakistan Prime Minister Imran Khan’s statement which has been taken as interference in internal affairs by Kabul. “The Ministry of Foreign Affairs of Afghanistan summoned the counsellor of the Embassy of the Islamic Republic of Pakistan in Kabul over the recent remarks by Pakistan’s Prime ... Read More »

Taiwan business not impressed by new China investment law

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TAIPEI: Taiwanese business people failed to be impressed by a Chinese promise that its new foreign investment law would also apply to Taiwanese, reports said. Chinese Premier Li Keqiang (李克強) said at a news conference Friday that the law, passed earlier in the day, would also be valid for investors from Hong Kong, Macau and Taiwan, the Central News Agency ... Read More »

Germany’s Deutsche Bank, Commerzbank to Hold Talks on Merger

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BERLIN: Deutsche Bank, Germany’s biggest bank, and domestic rival Commerzbank have decided to open talks on a possible merger, the lenders said in an announcement that followed months of speculation about such a combination. Commerzbank said in a one-sentence statement that the banks “have agreed today to start discussions with an open outcome on a potential merger.” Deutsche Bank said ... Read More »

New Zealand shares rise to record high in muted trading

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New Zealand shares rose to a record in quiet trading as investors digested the latest round of index re-weightings and wait on upcoming earnings. Kathmandu Holdings led the market higher. The S&P/NZX 50 index rose 41.85 points, or 0.4 percent, to 9515.12. Within the index, 25 stocks gained, 20 fell and five were unchanged. Turnover was $96 million, with just ... Read More »

Brazil can’t pull off pension reform without 1 trillion reais in savings: Economy Minister

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RIO DE JANEIRO: Brazil’s Economy Minister Paulo Guedes said that pension reform must deliver at least 1 trillion reais ($262.26 billion) in savings in order to fund a transition from the current system to individual retirement accounts. Guedes said the government would consider privatizing state-controlled companies Petroleo Brasileiro SA and Banco do Brasil SA after Privatization Secretary Salim Mattar finishes ... Read More »

Japanese Man Arrested At Ecuador Airport For Smuggling Insects

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Ecuadorean authorities say they have arrested a Japanese man for attempting to illegally traffic wildlife out of the country as he tried to board his flight out of Quito with over 250 specimens spiders and insects, both living and preserved. Allegedly a scientist, Hirokazu S. told authorities at the Quito airport where his stash of specimens was detected in a ... Read More »

Judge Juche: How Russian courts penalize Korean cash smuggling

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This article is the first of a series produced by the James Martin Center for Nonproliferation Studies (CNS) at the Middlebury Institute of International Studies exclusively for NK News. For this series, we’ve chosen to focus on the legal (mis)adventures of North Korean entities and individuals overseas. Even as diplomacy between the United States and the DPRK continues, North Korea ... Read More »

India to post Customs intelligence officers in China to check financial frauds

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NEW DELHI: India has decided to post Customs intelligence officers in China in its effort to check black money, trade-based money laundering and other financial frauds, officials said Sunday. Two posts of the Customs Overseas Intelligence Network (COIN) have been created in the Indian Embassy in Beijing and in the Consulate General of India at Guangzhou, they said. The Finance ... Read More »

No major harm to Thailand from Brexit, say experts

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UK lawmakers rejected May’s Brexit agreement proposal by 391 to 242 votes in the House of Commons. The no-deal Brexit option – a scenario in which the UK would leave the EU without any agreement in place – was also rejected by the Commons. The UK is due to leave the EU on March 29. UK lawmakers were voting last ... Read More »

These are the best earning professions in South Africa

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Adzuna, an online job aggregator, recently published its 2019 salary report which explores the average salaries offered across South Africa’s top industries – analysing more than 100,000 online job listings. According to the report, salaries only increased by a mere 7% year-on-year from 2018, which is in line with the predicted wages for 2019 by the American company PayScale. Although ... Read More »

Over 1 500 turtles found inside luggage in Philippines

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Philippine authorities have found more than 1 500 live exotic turtles stuffed inside luggage at Manila’s airport. Customs officials said in a statement Monday that the various types of turtles were found on Sunday inside four pieces of left-behind luggage of a Filipino passenger arriving at Ninoy Aquino International Airport on a Philippine Airlines flight from Hong Kong,. The 1 ... Read More »

HK$10 million ketamine haul in air parcels from Germany and the Netherlands marks new smuggling trend

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About HK$10 million (US$1.3 million) worth of ketamine concealed in food packages was found air mailed from Germany and the Netherlands over five weeks this year, prompting Hong Kong authorities to boost intelligence exchange with European forces. The total haul of 20kg marked a new smuggling trend for the drug – a switch from traditional sources such as mainland China ... Read More »

Belgian economy fires up

Belgian economy fires up

Unit labour costs have reduced during the last two years. Belgium is described as a “strong innovator” and the balance of trade in goods was positive for the first time in seven years. This positive news emerges from the fourth edition of the Dashboard for the Belgian Economy which was published today (Wednesday) by the FPS Economy. The FPS Economy ... Read More »

Brexit: why was the Irish border ‘backstop’ so crucial to Brexit deal defeat?

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After a late night dash to Strasbourg on March 11, the British prime minister, Theresa May, said she had agreed “legally binding” changes to the Brexit withdrawal agreement with the European Union. Designed to avoid the UK being kept indefinitely within the so-called Irish backstop, such changes were deemed key in order for MPs to agree to the Brexit deal ... Read More »

PGNiG receives Poland’s 40th imported LNG cargo

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Poland’s state-owned gas company PGNiG has received its 40th cargo of liquefied natural gas (LNG) at the “President Lech Kaczyński” LNG Terminal in Świnoujście – the country’s only LNG import terminal. “According to our plans, in 2019, PGNiG intends to bring at least 28 LNG deliveries to the terminal in Świnoujście from about 38 possible which equal 100% of the ... Read More »