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Italian banks hit with surprise windfall tax
Italy has passed a one-off 40% tax on the profits banks earn from higher interest rates, in a shock move that has seen shares plummet. A hike in official interest rates has resulted in record profits for Italian banks, prompting the government’s move. Proceeds will be used to help mortgage holders and to cut taxes,…
Indonesia, US seal trade deal with 19% tariff and exemptions for goods like coffee
JAKARTA – Indonesia and the United States signed a trade pact on Feb 19, finalising a 19 per cent tariff on most Indonesian exports to the US, as well as a pledge by the South-east Asian country to purchase about US$33 billion (S$42 billion) worth of American goods. Indonesian textile exports – up to a volume to be decided – are…
Breaking News | Iran | NewsU.S. Seizes Iranian Cargo Ship Amid Peace Talk Standoff
President Donald Trump said the U.S. seized an Iranian cargo ship that tried to bypass its blockade, a move that escalates tensions and threatens to reignite the war with Iran. The seizure, which Trump announced on Sunday, came after Iran has refused to participate in a second round of peace talks, even as Trump reiterated…
China Maneuvers for Leadership of Anti-Western ‘Global South’ at BRICS Summit
The 2023 BRICS summit is scheduled for Tuesday through Thursday this week, bringing together the five member nations of Brazil, Russia, India, China, and South Africa to lay the groundwork for a world of post-American “inclusive multilateralism.” Judging by the coverage in Chinese state media, that world looks like a China-dominated rejection of Western security…
France’s Macron wants international coalition against Hamas
JERUSALEM, Oct 24 (Reuters) – French President Emmanuel Macron proposed on Tuesday that an international coalition fighting Islamic State in Iraq and Syria widens its scope to include the fight against the Palestinian militant group Hamas in Gaza. Macron gave no details on how the U.S.-led coalition of dozens of countries, of which Israel is…
WHO warns lab seized in Sudan now at ‘high risk of biological hazard’
Officials say they don’t know who is behind the occupation of the National Public Health Laboratory. The World Health Organization is warning about a “high risk of biological hazard” at a Sudan laboratory of which one of the warring factions in the country has taken control. However, officials don’t know exactly who’s behind the occupation…


