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By Rae Wee SINGAPORE (Reuters) – The yen edged steadily higher on Monday following a volatile session at the end of last week after the Bank of Japan (BOJ) loosened its grip on interest rates, and was on track to reverse three consecutive months of loss. The U.S. dollar was conversely headed for a monthly loss on the prospect that the Federal Reserve’s aggressive rate-hike cycle – a key driver […]

Wheat Futures Prices Volatile, Countries Face Food Crises Following End of Black Sea Grain Deal The lack of access to Ukrainian and Russian grains is “an unnecessary shock” to 345 million people around the world, and for many countries in the Middle East and North Africa it will be “catastrophic,” experts warn By Debbie Mohnblatt/The Media Line Wheat futures prices have risen sharply and many countries, especially in the Middle […]

Israeli Bill Targets Rental Income Tax Exemption The bill is meant to reduce tax evasion and increase Israel’s tax revenue, but opponents say it will result in increased costs for renters By Aaron Poris/The Media Line An Israeli bill meant to prevent tax avoidance and increase the government’s coffers passed its first of three readings in the Knesset earlier this month. If passed, Amendment No. 268 to the Income Tax […]

By Sinead Cruise, Lucy Raitano and Lewis Jackson LONDON/SYDNEY (Reuters) – Commercial real estate investors and lenders are slowly confronting an ugly question – if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar? Rising interest rates, stubborn inflation and squally economic conditions are familiar foes to seasoned commercial property buyers, […]

By Sinead Cruise, Lucy Raitano and Lewis Jackson LONDON/SYDNEY (Reuters) – Commercial real estate investors and lenders are slowly confronting an ugly question – if people never again shop in malls or work in offices the way they did before the pandemic, how safe are the fortunes they piled into bricks and mortar? Rising interest rates, stubborn inflation and squally economic conditions are familiar foes to seasoned commercial property buyers, […]

(Reuters) – A senior Ukrainian official reported heavy fighting in the northeast of the country on Sunday, with Kyiv’s forces holding their lines and making gains in some areas. Russia’s military said it had halted Ukrainian forces in the northeast. The military also said it brought down down three Ukrainian drones which had tried to strike Moscow and damaged a high-rise building reported to house government offices. Ukrainian President Volodymyr […]

(Reuters) – A senior Ukrainian official reported heavy fighting in the northeast of the country on Sunday, with Kyiv’s forces holding their lines and making gains in some areas. Russia’s military said it had halted Ukrainian forces in the northeast. The military also said it brought down down three Ukrainian drones which had tried to strike Moscow and damaged a high-rise building reported to house government offices. Ukrainian President Volodymyr […]

By Martin Quin Pollard BEIJING (Reuters) – It’s been just over three weeks since China increased checks on Japanese food imports over radiation concerns, but Kazuyuki Tanioka is already fearful for the future of his upscale Beijing sushi restaurant. Like most restaurants in China, Tanioka’s eight-year-old Toya has struggled with years of COVID-19 restrictions, which only began to ease late last year. Now it is facing a shortage of both […]

By Martin Quin Pollard BEIJING (Reuters) – It’s been just over three weeks since China increased checks on Japanese food imports over radiation concerns, but Kazuyuki Tanioka is already fearful for the future of his upscale Beijing sushi restaurant. Like most restaurants in China, Tanioka’s eight-year-old Toya has struggled with years of COVID-19 restrictions, which only began to ease late last year. Now it is facing a shortage of both […]