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North Korea test-fires missile after criticising US aircraft carrier move

  Bloomberg North Korea fired two suspected short-range ballistic missiles toward waters where a US aircraft carrier had been deployed, ratcheting up tensions in the region. The missile launches off North Korea’s east coast Thursday added to one of its biggest barrage of tests under leader Kim Jong Un, including its first launch of a rocket over Japan in five ...

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Czech banks face 60% windfall tax to fund state energy subsidies

  Bloomberg The Czech Finance Ministry told the country’s largest banks it plans to impose a windfall tax on them to fund energy subsidies, according to a summary of the meeting. The government would apply a tax rate of 60% on lenders’ extraordinary profit, seeking to raise about 25 billion koruna ($1 billion) a year, according to a note summarising ...

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New Zealand’s central bank poised for fifth half-point rate hike

  Bloomberg New Zealand’s central bank is poised to raise interest rates by half a percentage point for a fifth straight time, and some economists are tipping it will need to keep tightening well into next year as an aggressive Federal Reserve weakens the kiwi dollar. The Reserve Bank will lift the Official Cash Rate to 3.5% from 3% in ...

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