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Opium production up 87 percent in Afghanistan

Opium production is up 87 percent in Afghanistan this year to a record level of 9000 tons, 4200 tons more than 2016, according to recent report from the United Nations Office on Drugs and Crime, or UNODC.
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Saudi: 5% tax to be charged on money transfers from 1st Jan

RIYADH: Value Added Tax (VAT), due to be introduced on 1st January, will be exempted on certain financial activities including loans, credit cards, mortgages, finance leases, banknotes or securities transactions, current accounts, deposits and savings accounts....
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How Business Titans, Pop Stars and Royals Hide Their Wealth

Records from an offshore hideaway show how an American billionaire grew one of the world’s largest trusts and another owned part of a company accused of exploiting the poor....
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“As Soon as Possible”: Iran Lays Groundwork for Bitcoin Adoption

The Iranian government is reportedly laying the infrastructure for bitcoin users in a move that could see the cryptocurrency gain status as legal tender in the country....
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After a Tax Crackdown, Apple Found a New Shelter for Its Profits

The tech giant has found a tax haven in the island of Jersey, leaving billions of dollars untouched by the United States, leaked documents reveal....
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Citigroup, Twitter may fall as holdings of detained billionaire Saudi prince are scrutinized

Citigroup, Twitter, Twenty-First Century Fox, and JD.com were among the public company investments confirmed by Prince Alwaleed last month to CNBC....
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Asia shares slip from decade highs, oil at two-year top on Saudi purge

SYDNEY (Reuters) - Asian shares stepped back from recent decade highs on Monday while major currencies held in tight ranges and oil jumped to a more than two-year peak as Saudi Arabia's crown prince cemented his power through an anti-corruption crackdown....
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The Billionaire Saudi Prince Who Badmouthed Trump Has Just Been Arrested

Saudi authorities detained a billionaire global investor and the head of the National Guard as part of an anti-corruption purge that consolidates Crown Prince Mohammed bin Salman’s hold on power. ...
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Zara Customers Find Notes From Unpaid Employees Inside Clothing

Zara, a popular fashion retailer, has found itself in yet another sticky situation. ...
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FTSE surges after BoE's 'dovish' hike hits sterling

MILAN/LONDON (Reuters) - Britain's top share index posted its biggest rise in over three months on Thursday after the Bank of England tempered investors' expectations on future rate rises, hitting the pound and lifting shares in internationally exposed companies....
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