Sat, 16 Jan 2021

WELLINGTON -- The New Zealand government on Wednesday kept its election promise to put in place a new top tax rate of 39 percent on income earned over 180,000 NZ dollars (127,186 U.S. dollars).

"This will only affect the top 2 percent of earners. It is a balanced measure that is about sharing the load so everyone is doing their bit to help our country rebuild after our fight against the COVID-19 virus," Deputy Prime Minister and Finance Minister Grant Robertson said in a statement. (New Zealand-Tax)

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WASHINGTON -- The overall number of shoppers during the Thanksgiving holiday weekend dropped slightly from 2019, and shoppers spent less than last year on holiday-related purchases, the U.S. National Retail Federation (NRF) said on Tuesday.

An estimated 186.4 million consumers shopped in-store and online during the Thanksgiving holiday weekend, according to the annual survey released by the NRF and Prosper Insights & Analytics. (US-Thanksgiving-Shopping)

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MALE -- Some 84 percent of resorts in the Maldives have been granted permission to reopen by the Ministry of Tourism since July, local media reported here Wednesday.

Tourism Ministry statistics showed that 133 out of 159 resorts have been permitted to reopen since the country resumed tourist arrivals on July 15. Accordingly, Maldives now has a bed capacity of 30,878. (Maldives-Resorts)

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MUMBAI -- Indian markets opened flat with a negative note on Wednesday amid mixed global markets.

The benchmark S&P, BSE Sensex opened at 44,579.11, 76.33 points or 0.17 percent down compared to its previous close at 44,655.44. (India-Stocks)

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OTTAWA -- Canada saw its economy grow at an annualized pace of 40.5 percent in the third quarter this year, rebounding from a historic plunge in the second one, Statistics Canada said Tuesday.

Statistics Canada attributed the rebound to the further rolling back of public health restrictions that allowed businesses to reopen amid fewer COVID-19 cases in the country. (Canada-Economy)

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