Business

Government prepares crackdown on ‘front shops’ linked to illegal immigration

Portugal Resident

Government prepares crackdown on ‘front shops’ linked to illegal immigration

Portugal’s government is preparing measures to tackle the proliferation of so-called “front shops” suspected of being used for illegal accommodation, irregular immigration and human trafficking. The Ministry of Economy and The post…

Portugal Resident

UK Inflation Accelerates as Energy Bills Surge

UK consumer prices climbed to a four-month high after energy bills rose, ending a short period of respite for hard-pressed British households. Matt Bunny of Bloomberg Economics has the details. (Source: Bloomberg)

Bolivia’s Congress Votes to Force Out Its Economy Minister

Bolivia’s Congress Votes to Force Out Its Economy Minister

Bolivia's legislature censured Economy Minister José Gabriel Espinoza by 91 votes to 34. The constitution obliges the president to remove him within 24 hours. The post Bolivia’s Congress Votes to Force Out Its Economy Minister appeared…

SK Hynix Announces $28.6 Billion Share Buyback on AI Boom

SK Hynix Inc. said it would buy back 40 trillion won ($28.6 billion) worth of shares as part of a shareholder return plan.

Goldman studied where AI is squeezing labor markets. Here's what it found

Goldman studied where AI is squeezing labor markets. Here's what it found

Goldman Sachs found that AI is starting to weigh on employment across developed economies.

South Africa Invites Chinese Tyre Companies to Build US$123 Million Plant

South Africa Invites Chinese Tyre Companies to Build US$123 Million Plant

South Africa is inviting Chinese tyre companies to build factories at home. Sailun Group is studying a US$123 million plant at Coega, a year after Goodyear closed Kariega. The post South Africa Invites Chinese Tyre Companies to Build…

JBS Offers to Buy Out Pilgrim’s Pride, With No Premium Attached

JBS Offers to Buy Out Pilgrim’s Pride, With No Premium Attached

JBS offered 2.086 of its own shares for each Pilgrim's Pride share it does not hold, valuing the minority stake near US$1.2 billion with no premium. The post JBS Offers to Buy Out Pilgrim’s Pride, With No Premium Attached appeared first on…

Iran reportedly weighs attacks on European military targets as UAE severs trade with Tehran

Iran reportedly weighs attacks on European military targets as UAE severs trade with Tehran

Washington and Tehran are considering next steps after negotiations fell apart, while the UAE has suspended trade with Iran.

Singapore rolls out new foreign work pass track, tax exemptions for asset management industry

CNA

Singapore rolls out new foreign work pass track, tax exemptions for asset management industry

The central bank will also introduce a new hedge fund investment programme to anchor global and regional players in Singapore.

CNA

Adnoc Cuts to Asia Shipments Send Flagship Oil Grade Higher

Abu Dhabi National Oil Co. plans to trim the amount of crude sold to Asian customers in August and September, according to people familiar with the matter — cuts that are already helping to push up the price of the flagship Murban oil…

Guyana’s Take From Its Own Oil Jumps to 39.8% Now That Exxon Has Paid Itself Back

Guyana’s Take From Its Own Oil Jumps to 39.8% Now That Exxon Has Paid Itself Back

For years Guyana's critics said the country gave its oil away for 12.5%. This week the government put a new number on it — and the arithmetic behind it is worth understanding. The post Guyana’s Take From Its Own Oil Jumps to 39.8% Now That…

Brazil’s Bill to End the Six-Day Week Has Been Stuck for 82 Days — and Still Has Not Reached Committee

Brazil’s Bill to End the Six-Day Week Has Been Stuck for 82 Days — and Still Has Not Reached Committee

If you work in Brazil, this is the change that would touch your week most directly. Three months after it cleared the Chamber, it has not moved an inch in the Senate. The post Brazil’s Bill to End the Six-Day Week Has Been Stuck for 82…