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World


China gov't official warns of bubble risks in financial sector

BEIJING, Nov 16 (Reuters) China's financial sector faces bubble risks, a government official warned on Thursday and said a property tax may be on the cards in the near future as authorities extended their efforts to reduce a worrisome build-up of debt in the economy.
The ratio of China's financial sector to the overall economy "is the highest ratio in the world," said Huang Qifan, deputy chairman of the economic and finance committee under the National People's Congress, China's largely rubber-stamp parliament.
"This is not a good thing," Huang told a finance forum.
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France's Le Pen accuses gov't of 'pickpocketing' French in attempt to cut budget deficit

28 Mar 2024 | 4:19 PM

Paris, Mar 28 (UNI) Marine Le Pen, the leader of the French right-wing National Rally Party's parliamentary faction, has said that the government's reform of social security for the unemployed is an attempt to "pickpocket" the French to reduce the national budget deficit caused by the authorities' failures.

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Turkish Prez's admin denies claims economic outlook grim for next 1 5 yrs

28 Mar 2024 | 4:19 PM

Ankara, Mar 28 (UNI) Turkish President Recep Tayyip Erdogan's administration has denied social media claims that a long, tough period lies before the country's economy for a year and a half, accusing those who disseminate this disinformation and stoking panic ahead of the municipal elections slated for Sunday.

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US agencies didn't share all data about threat of terror attack with Russia: NYT

28 Mar 2024 | 4:12 PM

Washington, Mar 28 (UNI) US intelligence agencies did not provide the Russian side with all the information they had about the threat of a terrorist attack at Crocus City Hall in the Moscow Region, The New York Times reported on Thursday, citing European and US security officials.

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Russia working with China, Turkey, UAE on payments constructively

28 Mar 2024 | 4:07 PM

Moscow, Mar 28 (UNI) Russia is working with China, Turkey, and the United Arab Emirates on the issue of payments very constructively and takes into account the possibility of pressure from the United States and the European Union, Kremlin spokesman Dmitry Peskov said on Thursday.

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Over 12,500 criminal suspects apprehended in Afghan

28 Mar 2024 | 3:29 PM

Kabul, Mar 28 (UNI) The Afghan police have arrested 12,540 suspects criminal over the past six months across the country, the Ministry of Interior Affairs said on Thursday.

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