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Tuesday, September 13 2011 , Your time is 15:58:00
U.S. President Donald Trump proposed on Sept. 27 the biggest U.S. tax overhaul in three decades, calling for tax cuts for most Americans, but prompting criticism that the plan favors business and the rich and could add trillions of dollars to the deficit.
WASHINGTON – Agence France-Presse
Accelerating economic growth and prospects for a continued budget surplus has prompted a key credit rating agency to upgrade the outlook for Greek Cyprus to positive.
British Prime Minister Theresa May will travel to Italy next week to make a major speech on Brexit, Downing Street said on Sept. 13.
MADRID – Agence France-Presse
Catalonia’s powerful business leaders are starting to lose their patience with an increasingly bitter tussle over an independence referendum deemed illegal by Madrid.
The Turkish Central Bank left its key interest rates on hold for the third straight meeting on Sept. 14, keeping monetary policy tight after annual inflation rose back to double digits last month
TEHRAN – Agence France-Presse
A Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks, Iran’s central bank president said on Sept. 16.
China on Sept. 14 posted its slowest growth in fixed-asset investment in nearly 18 years along with weaker-than-expected industrial output and retail sales, suggesting the economy may be starting to lose steam as lending costs rise.
ANKARA – Anadolu Agency
Turkey’s national flag carrier Turkish Airlines carried 44.9 million passengers from January to August 2017, the airline has announced.
The U.S. government banned the use of Kaspersky security software in federal offices on Sept. 13, saying the Russian company has risky ties to Russian intelligence that threaten U.S. national security.
WASHINGTON - Agence France-Presse
U.S. President Donald Trump said on Sept. 14 he had not yet decided who will be the chairman of the Federal Reserve come February, but said he “likes” incumbent Janet Yellen.
India’s first bullet train project, a $19-billion initiative linking Ahmedabad to Mumbai, was launched on Sept. 14 as Indian Prime Minister Narendra Modi and Japanese counterpart Shinzo Abe hailed fast-growing ties between Asia’s two biggest democracies.
Turkey’s current account deficit reached $5.1 billion in July 2017, up almost $2.7 billion year-on-year, official data showed on Sept. 15.
Japan’s faded titan selling the family silver
At a train station used by hundreds of workers at struggling Japanese electronics giant Toshiba, an advert is apparently trying to poach staff worried by their employer’s precarious financial position.