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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.
KASHGAR – Agence France-Presse
The future of economic development in China’s far western Xinjiang region lies behind the shattered glass door of a welcome center on the outskirts of the ancient Silk Road city of Kashgar.
BERLIN – Reuters
Former German Chancellor Gerhard Schroeder hit back at those criticising him for taking a job at a Russian energy company, saying some of his critics wanted to push Germany into a “new Cold War.”
MEXICO CITY – Reuters
U.S., Canadian and Mexican negotiators are zeroing in on ways to enshrine Mexican President Enrique Pena Nieto’s sweeping energy reforms into a modernized North American Free Trade Agreement, Mexico’s chief negotiator said on Sept. 3.
Economic losses in Texas from Hurricane Harvey, which is still pounding the water-logged US state with rain, will be some $58 billion (49 billion euros), disaster analysts in Germany said on Aug. 31.
ANKARA – Anadolu Agency
Turkey’s exports increased by 11.9 percent on a yearly basis to climb by $12.4 billion in August, the Turkish Exporters Assembly (TİM) announced on Sept. 1.
Shares in Carrefour slumped on Aug. 31 after the world’s second-largest retailer warned 2017 operating profit could fall by around 12 percent.
Greece’s struggling economy grew by 0.5 percent in the second quarter of 2017, official data showed on Sept. 1, in line with government estimates of a modest rebound this year.
The international rating agency upgrades end-year growth forecast for Turkish economy to 3.7 percent from 2.6 percent
Australia’s biggest bank failed to adequately monitor billions of dollars in global transactions, a report claimed on Sept. 1, potentially falling foul of international regulators as it battles similar allegations at home.
United Nations Secretary-General Antonio Guterres has announced that $4 million would be dispersed to help U.N. agencies in the Gaza Strip deal with the enclave’s chronic electricity crisis.
MOSCOW – The Associated Press
Russia is hopeful that the new weapons it tested for the first time in Syria will lead to a spike in arms sales abroad, officials have said.
Turkey’s foreign trade deficit increased by 82.5 percent in July compared with July 2016, according to official data.