45 h. ago Turkey hikes tax on lira deposits to lift revenue, curb dollar use

Turkey has raised the withholding tax on short-term Turkish lira deposits and investment funds by 2.5 percentage points, a move economists said was aimed at boosting budget revenues and curbing dollarisation. For deposit accounts with a maturity of up to six months, the rate was increased to 17.5 per cent from 15 per cent, a […]

Politics

3 d. ago Supreme Court lets Trump resume plans for mass federal layoffs

The US Supreme Court cleared the way on Tuesday for President Donald Trump’s administration to resume its plans to carry out mass job cuts and the restructuring of agencies, elements of his campaign to downsize and reshape the federal government. The justices lifted San Francisco-based US District Judge Susan Illston’s May 22 order that had […]

Politics

1 week ago Israel acknowledges Palestinian civilians harmed at Gaza aid sites, says ‘lessons learned’

The Israeli military acknowledged on Monday that Palestinian civilians were harmed at aid distribution centres in the Gaza Strip, saying that new instructions had been issued to Israeli forces following “lessons learned”. Since Israel lifted an 11-week aid blockade on Gaza on May 19, allowing limited UN deliveries to resume, the United Nations says more […]

Politics

1 week ago Two firefighters killed in Idaho shooting, shelter in place lifted

Two firefighters were shot dead while responding to a fire in northern Idaho and the body of a man was later found with a gun nearby, the Kootenai County Sheriff’s Office said on Sunday, as it lifted a shelter-in-place order. Sheriff Bob Norris had earlier said law enforcement officers and firefighters were taking sniper fire […]

Events

2 w. ago UBS lifts S&P 500 target to 6,200 on easing tariffs, strong earnings

UBS Global Wealth Management raised its year-end target for the S&P 500 index (.SPX) to 6,200 from its prior forecast of 6,000, banking on softening trade tensions and expectations of resilient quarterly earnings. UBS’s current target implies about a 1 per cent upside to the benchmark index’s last close of 6,141.02. M ajor brokerages Citigroup […]

Events

2 w. ago Israeli carriers resume flights to Paphos after security ban lifted

Israeli carriers resume flights to Paphos after security ban lifted  Ynetnews

Politics

2 w. ago Geopolitical tensions ease, lifting oil prices over 1 per cent

Oil prices climbed more than 1 per cent on Wednesday as investors assessed the stability of a ceasefire between Iran and Israel, while support also came from data that showed US demand was relatively strong. Brent crude futures were up 99 cents, or 1.5 per cent, at $68.13 a barrel at 0902 GMT, while US […]

Politics

2 w. ago Supreme Court lifts limits on Trump deporting migrants to third countries

The U.S. Supreme Court cleared the way on Monday for President Donald Trump’s administration to resume deporting migrants to countries other than their own without offering them a chance to show the harms they could face, handing him another victory in his aggressive pursuit of mass deportations. In an action that prompted a sharp dissent […]

Events

3 w. ago North ‘MP’ in Iran during missile strikes crosses border into Turkey

A Turkish Cypriot ‘MP’ who had been in Iran when Israeli missile strikes on the country began has made it safely into Turkey after travelling over land into the country. Ahmet Savasan, who belongs to ruling coalition party the UBP, had travelled to Tehran for a health tourism conference, but found himself taking refuge in […]

Events

4 w. ago Israel hits Iran nuclear and missile facilities, appears to block retaliation

Iran promised a harsh response and Israel said it was working to intercept about 100 drones launched towards Israeli territory in retaliation. But around 0800 GMT, Israeli media said an order to citizens to remain near protected areas had been lifted, suggesting that most or all the drones had been neutralised. The price of crude […]

Events