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Someone from the Philippines could win a $208 million jackpot this week!

The American Mega Millions lottery offers the biggest jackpot prize in the world: $208 million USD. That huge amount, which is up for grabs in Friday night’s draw, has captured the attention of lottery fans all over the world and amazingly, the winner of this enormous prize could be someone from the Philippines. You may remember that Mega Millions awarded ... Read More »

Giuliani Pursued Business in Ukraine While Pushing for Inquiries for Trump

As Rudolph W. Giuliani waged a public campaign this year to unearth damaging information in Ukraine about President Trump’s political rivals, he privately pursued hundreds of thousands of dollars in business from Ukrainian government officials, documents reviewed by The New York Times show. Mr. Giuliani, the president’s personal lawyer, has repeatedly said he has no business in Ukraine, and none ... Read More »

OECD Releases Cautiously Positive Report for Greek Economy

The Greek economy is projected to grow by 2.1 percent in 2020 and 2.0 percent in 2021, after experiencing a 1.8 percent growth rate in 2019, the Organization for Economic Cooperation and Development (OECD) said on Thursday. In its newest economic outlook report, the OECD said that it expected Greece to achieve the target of a 3.5% of GDP primary ... Read More »

Development Bank Of Japan And Business Finland Sign Mou To Boost Joint Innovation

Development Bank of Japan (DBJ) and Business Finland have signed a Memorandum of Understanding (MoU) to promote cooperation between companies and investment between Japan and Finland. The MoU was signed by DBJ President and Chief Executive Officer Kikuchi Shin and Business Finland’s Director General and CEO Nina Kopola in Tokyo. “DBJ is a government-owned bank that plays a significant role ... Read More »

Herbs and hotels: The small businesses helping revive rural Portugal

After Bruno Vargas and his wife had their first baby, they wanted a quieter life. So, they left their home in Angola and returned to his native region in Portugal’s rural interior to set up an organic herbs company. The remote Santarem district of central Portugal is known for its agricultural plains and salt flats. The Vargas’ nearest town, Rio ... Read More »

Poland’s unemployment rate falls to 5.0pc in October

WARSAW: Poland’s registered unemployment rate fell to 5.0pc in October from 5.1pc in September, statistics office data showed on Wednesday, slightly below analysts’ expectations of 5.1pc. The statistics office also said that the number of registered unemployed was 840,500 last month. Separately, the statistics office said the unemployment rate as measured by the Labour Force Survey (BAEL) fell to 3.1pc ... Read More »

Brussels asks Spain not to spend €22 billion it could save from low interest rates

Thanks to the policies of the European Central Bank (ECB), Spain could save up to €22.3 billion over the next four years if interest rates remain stable. Such savings would create a significant buffer for the next government, which will have to deal with persistently high debt levels. Madrid will also have to send Brussels a new budget plan with ... Read More »

Hungary jobless rate 3.5 pc

Hungary’s three-month rolling average jobless rate was 3.5 percent in August-October, unchanged from the previous three-month period and down from 3.7 percent a year earlier, the Central Statistical Office (KSH) said on Wednesday. The rate covers unemployment among those between the ages of 15 and 74. In absolute terms, there were 163,600 unemployed, 1,100 more than in the previous period ... Read More »

ODB signs membership agreement with OCFIC

Muscat: Oman Development Bank (ODB), the Sultanate’s leading development finance institution, became a member of the Oman Credit and Financial Information Centre (OCFIC). Through wish, ODB will share credit and financial data of its customers with The Centre National Databank, a visionary 3 years strategy aimed at improving access to credit to SMEs and introduce digital channels and for offering ... Read More »

Trade exchange with Kuwait hit $4 billion in 2018: British envoy

KUWAIT: The volume of trade exchange between Kuwait and Britain reached $4 billion last year, British Ambassador to Kuwait Michael Davenport said. Speaking at a press conference on the opening of the Kuwait-Britain exhibition, Davenport lauded the growing trade exchange between the two countries. He pointed to other big chances to boost fruitful cooperation between the two friendly states. He ... Read More »

China Wins $121m West Qurna-1 Contract

China Petroleum Engineering & Construction Corp (CPECC) has reportedly won a $121-million contract to upgrade gas capture facilities at West Qurna-1 oilfield. According to Reuters, the project is due to be completed within 27 months. Read More »

Trade, investments top talks between Jordan, Kuwaiti economic delegation

AMMAN — During a meeting with a Kuwaiti economic delegation to the Kingdom on Tuesday, Minister of Industry, Trade and Supply Tareq Hammouri highlighted the importance of economic integration between the two countries. The minister called for effective economic partnerships between the two countries’ private sectors in various fields, according to the Jordan News Agency, Petra. “The Jordanian and Kuwaiti ... Read More »

WB approves $52.5m grant for Afghanistan Gas Project

KABUL: The World Bank’s Board of Executive Directors has approved a $52.5 million grant for the Afghanistan Gas Project that will provide sustainable natural gas supply to independent power producers in the country’s north. Read More »

Denmark announces plan to arrest number of prison escapes

An action plan from relevant authorities should help to ensure that far fewer escapes from correctional facilities take place in Denmark in the future, Minister of Justice Nick Hækkerup said to press on Wednesday. Hækkerup is to ask the National Police, the Danish Prison Service (Kriminalforsorgen) and the public prosecution authority to provide recommendations and produce the plan in collaboration ... Read More »

Norwegian Air to end routes from Sweden, Denmark to US, Thailand

OSLO: Budget airline Norwegian Air (NWC.OL) is ending flights from Copenhagen and Stockholm to the United States and Thailand due to weak demand and technical problems affecting the engines on its Boeing (BA.N) 787 Dreamliners, it said. Flights between Oslo and the United States would continue, while routes between Norway and Thailand were under review, it said, the latest initiative ... Read More »

Business confidence rebounds – ‘the vibe is changing’

Business confidence has rebounded in November and “it appears the vibe is changing”, says ANZ chief economist Sharon Zollner. The latest ANZ Business Outlook Survey is much stronger across the board, offering further signs that the current economic slowdown may be reaching its trough. Headline business confidence jumped 16 points to a net 26 per cent of respondents reporting that ... Read More »

Brazil’s Central Bank Intervenes in Market after Dollar Hits R$4.27

RIO DE JANEIRO, BRAZIL – With the dollar’s price hitting record highs, the Central Bank announced an extra auction to sell the US currency on spot. The market reacted to Economy Minister Paulo Guedes’ speech on Monday saying he was not concerned with the dollar exceeding R$4.20 and that “it is good to get used to the higher exchange rate ... Read More »

Foreign investment in Japan tops ¥30 trillion for the first time

The balance of foreign direct investment in Japan stood at ¥30.7 trillion at the end of 2018, topping ¥30 trillion for the first time ever, the Japan External Trade Organization said. According to JETRO, the balance increased ¥1.8 trillion from a year earlier due to a series of large-scale merger and acquisition deals, including Toshiba Corp.’s ¥2 trillion sale of ... Read More »

Japan beer exports to Korea hit zero amid trade spat

Japanese beer exports to South Korea hit zero last month amid boycotts sparked by a simmering trade row between the Asian neighbours. Official figures on Thursday showed Japan food exports were down 58.1% in October, according to broadcaster NHK. Sake shipments tumbled more than 90% and instant noodles also flat-lined, it said. What began as a diplomatic feud over wartime ... Read More »

Nepal’s increased bullion import duty to help India reduce smuggling

The Nepal government’s decision to sharply increase import duty of gold and silver is expected to help both Nepal and India, as part of the volume imported by Nepalese jewellers enters India illegally, significantly squeezing their supplies. The government of Nepal, which shares a porous border with India, had last week increased Customs duty on import of up to 50 ... Read More »