Cash is king in Italy, and the debate over limiting payments in notes and coins is heating up again under the country's new right-wing government.. However, an October 2021 Bank of Italy research paper found a direct correlation between the use of cash and the shadow economy, noting that restrictions on cash use "are an effective instrument to tackle tax evasion".
IAG, owner of British Airways and Spanish carrier Iberia, revealed Friday revenue slightly above pre-pandemic levels as it posted third-quarter profits on rebounding passenger demand.. "Leisure demand is particularly healthy and leisure revenue has recovered to pre-pandemic levels.
French consumer prices rose at their fastest pace since 1985 in October, official data showed Friday, driven by rising energy, food and manufactured goods prices.. Meanwhile energy prices added almost 20 percent, despite government interventions to limit bills for consumers that have kept overall inflation below levels seen in EU neighbours.
Japan is expected Friday to announce a huge stimulus package to cushion the economy from the impact of a weak yen and inflation, though the central bank refused to budge from the ultra-loose policy that has hammered the currency.. On Friday, following a two-day policy meeting, the Bank of Japan said it would continue to keep its easy policy, defying growing pressure to tweak its strategy as the yen declines.
Doctors, nurses and other health care professionals can apply to have their YouTube channels certified, the video sharing platform said Thursday, in a push to limit misinformation on the site.. In addition to doctors and nurses, mental health professionals and healthcare information providers may also apply for the YouTube verification that allows their videos to be spotted easily by users.
The Bank of Japan stuck to its ultra-loose monetary policies Friday, even as the yen comes under pressure from aggressive tightening by the US Federal Reserve and other central banks.. Bank of Japan policymakers have refused to move away from their ultra-loose stance, designed to encourage sustained price rises.
Most markets fell Friday as a weakening economy and disappointing earnings from tech giants offset signs that central banks could begin slowing their interest rate hike campaign.. Meanwhile, a below-expectation increase by the Bank of Canada this week and the signs the European Central Bank could take a less hawkish turn helped fuel speculation of a softer outlook for rates, helping push government bond yields down around the world.
Elon Musk took control of Twitter and fired its top executives late Thursday in a deal that puts one of the leading platforms for global discourse in the hands of the world's richest man.. Twitter did not immediately reply to a request for comment on the departure of its top executives, but the platform's co-founder Biz Stone thanked the three men in a tweet for their "collective contribution to Twitter."
The European Union on Thursday struck an agreement on legislation to phase out new CO2-emitting vehicles by 2035, negotiators announced.. Currently around 12 percent of new cars sold in the European Union are electric vehicles, with its consumers shifting away from CO2-emitting models as energy costs and greener traffic regulations bite.
In looking for ways to pay for his takeover of Twitter, Elon Musk has offered up money sourced from his own personal assets, investment funds and bank loans, among others.. These loans are guaranteed by Twitter, and it is the company, not Musk himself, which will assume the financial responsibility to pay them back.
