Dubai nixes its 30% alcohol tax in a bid to attract more tourism
The news was cheered by many residents; booze is notoriously pricey in Dubai, with a pint of beer frequently costing $15 and a glass of wine often $20 or more.
Japanese families reportedly set to receive 1 million yen per child for moving out of Tokyo
The Japanese government will give families up to 1 million yen ($7,670) per child if they opt to move out of Tokyo, according to multiple media reports.
Gemini’s Winklevoss accuses crypto mogul Silbert of ‘bad faith stalling tactics’ over frozen funds
Gemini is attempting to recoup $900 million of client funds which it lent to Genesis to generate yields for its interest-bearing Gemini Earn accounts.
Google alleges India antitrust body copied parts of EU order on Android abuse
In a filing to an Indian appeals tribunal, Google argued the antitrust regulator’s investigation unit “copy-pasted extensively” from a European Union decision.
Gold surges to 6-month high, and analysts expect records in 2023
The price of gold notched a six-month high early on Tuesday, and analysts believe the rally has further to go in 2023.
European markets close higher as travel stocks get a boost; German inflation lower than expected
European markets closed higher Tuesday as investors assessed China’s reopening and digested inflation data.
Tesla makes China boss Tom Zhu its highest-profile executive after Elon Musk
Zhu’s appointment to a global role comes at a time when Musk has been distracted by his acquisition of Twitter.
World Bank seeks more funds to address climate change, other crises: Document
The World Bank looks to expand its lending capacity to address climate change and other global crises.
Foxconn’s Covid-hit China plant close to resuming full production, sources say
Production at the world’s largest manufacturing facility of Apple’s iPhones was heavily affected late last year after a Covid-19 outbreak.
South Korea fines Tesla $2.2 million for allegedly exaggerating driving range of EVs
The driving range of the EV manufacturer’s cars plunge in cold weather by up to 50.5% versus how they are advertised online, Korea’s antitrust regulator said.
