Indonesia Seeks to Win EV Race With 0% Export Duty, No Sales Tax
Indonesia is said to be planning more tax incentives to attract global electric-vehicle producers, seeking to bolster its allure for top producers including Tesla Inc. and BYD Co.
Bloomberg Politics
Turkish Landlords Jam Courts to Circumvent Rent Control, Media Reports
Turkish courts are facing a record number of lawsuits after the government introduced a cap on rent increases, Dunya newspaper reported.
Rare Turkish Surplus in Current Account Spells Relief But No Fix
Turkey’s current account moved into surplus for the first time in nearly two years, as a boom in tourism and a lower energy import bill helped ease pressures on the economy during a shift in domestic policies.
Big Take News Wrap: 2024 Race. Black Sea Tension. Global Economy: Big Take Podcast
Listen to The Big Take podcast on iHeart, Apple Podcasts, Spotify, Terminal.
Swiss Taxpayers No Longer Carry Any UBS Risk, Minister Says
Swiss taxpayers no longer bear any risk relating to the rescue of Credit Suisse after UBS Group AG decided to end an agreement with the government to cover losses it could incur, Finance Minister Karin Keller-Sutter said on Friday.
Ukraine Recap: UN Decries Attacks as Russian Missile Hits Hotel
A Russian ballistic-missile strike on a hotel that served as a children’s summer camp and base for humanitarian workers in the southeastern Ukrainian city of Zaporizhzhia killed one woman and wounded at least four children, according to the Defense Ministry in Kyiv.
Ukraine Evacuates Civilians Near Kharkiv as Russia Mounts Attack
Ukraine is evacuating civilians from part of the northeastern Kharkiv region as Russia tries to push through its defenses there.
Serbian Telecom Unit in Kosovo at Risk Amid Tensions, CEO Says
Serbia’s state-controlled telecommunications company warned that a potential shutdown of its services in neighboring Kosovo in the midst of simmering ethnic tensions would violate a European Union-sponsored agreement.
South Africa’s Ex-Leader Zuma Freed as Thousands Released
South African President Cyril Ramaphosa granted clemency to thousands of non-violent offenders, including his predecessor Jacob Zuma who was convicted of contempt of court.
‘I Miss My Children’: Australian Journalist Pens Letter From China Prison
An Australian journalist detained in China for three years on espionage charges said in a letter dictated to a diplomat in Beijing that she misses walks in nature and especially her children.