Boris Johnson, a leadership candidate for Britain's Conservative Party, reacts during a hustings event in Birmingham, Britain, June 22, 2019. REUTERS/Hannah McKay

Tax cuts for wealthy planned by Boris Johnson carry huge cost

Tax cuts planned by Boris Johnson, the leading candidate to become Britain's next prime minister, could cost as much as 20 billion pounds a year, according to calculations from the Institute for Fiscal Studies think tank. Johnson, who is vying for the votes of Conservative Party members in a run-off ...

Isabel Dos Santos Lauds Submarine Fibre Network between Angola and Brazil

The Angolan economy has enjoyed a golden period since the end of the civil war in 2002. The stabilisation of the Angolan geopolitical scene has encouraged business enterprise to reinvest heavily in the economy. With multiple burgeoning industries developing, investors understand the potential of upgrading infrastructures, communications networks, and the ...

Iran's Supreme Leader Ayatollah Ali Khamenei waves his hand as he arrives to deliver a speech during a ceremony marking the 30th death anniversary of the founder of the Islamic Republic Ayatollah Ruhollah Khomeini in Tehran, Iran June 4, 2019. Official Khamenei website/Handout via REUTERS

Iran dismisses new U.S. sanctions, calls White House ‘retarded’

 Iranian President Hassan Rouhani dismissed new U.S. sanctions on Iran's Supreme Leader Ali Khamenei and described the White House as "mentally retarded", an insult Iran has used in the past about President Donald Trump. In a speech broadcast live on state television, Rouhani said sanctions against Khamenei would fail because ...

Pro-Brexit protesters display a balloon at the March to Leave demonstration in London, Britain March 29, 2019. REUTERS/Toby Melville

New Look losses mount as Brexit and weather keep shoppers away

British fashion chain New Look reported a bigger annual pretax loss, hurt by a large charge, while Brexit woes and rainy weather kept shoppers out of its stores. New Look, owned by South African investment firm Brait, reported statutory loss before tax of 522.2 million pounds for the year ended ...

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