By Jan Strupczewski BRUSSELS (Reuters) – The European Commission on Monday proposed changes to the way investors pay withholding tax in the European Union, to attract more cross-border trade in securities and help develop the bloc’s capital market. The Commission’s proposal is to make sure cross-border investors pay the correct amount of withholding tax from…
DUBAI (Reuters) -Saudi defence company SCOPA Industries and Airbus have signed an agreement to jointly produce civil and military helicopters in the kingdom, SCOPA CEO Fawaz Alakeel told Saudi state TV on Monday. The deal was announced on the sidelines of a Saudi-French investment forum being held during a visit by Saudi Arabia’s Crown Prince…
PARIS (Reuters) -A French government spending review has identified 10 billion euros ($11 billion) in budget savings that will be targeted in the coming years, Finance Minister Bruno Le Maire said on Monday. French public spending as a share of GDP, long among the highest in the world, exploded during the COVID-19 pandemic and then…
SYDNEY/BEIJING (Reuters) -New Zealand Prime Minister Chris Hipkins said on Monday he would visit China from June 25 to 30, leading a trade delegation that includes some of the country’s biggest companies. Hipkins will meet President Xi Jinping, Premier Li Qiang, and the chairman of the standing committee of the National People’s Congress Zhao Leji…
By Allison Lampert, Tim Hepher and Valerie Insinna PARIS (Reuters) – For dealmakers, this week’s Paris Air Show will showcase the boom in demand for commercial planes and military technology. What won’t be on display is the problem that has consumed time and attention of executives and consultants for the past two years: the long…
By Rachna Uppal and Yousef Saba DUBAI (Reuters) – Buoyed by a swift economic rebound post-COVID, Dubai is racing to attract people and capital to drive long-term growth, betting it can avoid past debt crises that dented its global ambitions. The approach pursued by the glitzy Gulf city-state is a reboot of a flamboyant economic…
BEIJING (Reuters) – U.S. Secretary of State Antony Blinken will meet with Chinese President Xi Jinping on Monday in Beijing, a State Department official said. Blinken, who is in China for his second day of meetings, met with China’s top diplomat earlier on Monday and with Foreign Minister Qin Gang on Sunday. This is the…
SHANGHAI/SINGAPORE (Reuters) – China is widely expected to cut key lending benchmarks on Tuesday in the first such easing in 10 months, a Reuters survey showed, as authorities seek to shore up a slowing recovery in the world’s second-largest economy. Recent economic data showed the retail and factory sectors struggling to sustain the momentum seen…
By Ruma Paul and Tim Hepher DHAKA/PARIS (Reuters) – State-owned carrier Biman Bangladesh Airlines has decided to purchase 10 planes from Airbus, in a shift from its Boeing-dominated fleet, the South Asian country’s junior minister for civil aviation told Reuters on Monday. “As per our requirement, the decision has been taken to purchase 10 aircraft…
By Gabriel Araujo SAO PAULO (Reuters) – Electric aircraft maker Eve and Blade Air Mobility are expanding their partnership to integrate Eve’s upcoming flying car into Blade’s European route network, starting with France, the companies said on Monday. The deal follows similar agreements between the firms, which are currently participating in the Paris Airshow, to…
