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Swedish PM Lofven ousted, anti-immigrant party pushing for policy role

STOCKHOLM (Reuters) - Swedish Prime Minister Stefan Lofven lost a no-confidence vote in parliament on Tuesday, with the anti-immigration Sweden Democrats threatening to block any new government unless they are given a say in policy.

Pro-Europe Swiss minister to quit amid tense talks with EU

ZURICH (Reuters) - A longtime Swiss politician and backer of strong ties to the European Union announced on Tuesday he will resign from government, adding uncertainty over unresolved talks on relations between Switzerland and its largest trading partner.

Uber’s strongest growth comes in depressed Argentina – minus commissions

Uber's fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation's sudden economic unravelling, which has boosted unemployment and sliced the purchasing power of Argentines.

Government needs to cut spending amid fiscal squeeze

KUALA LUMPUR: The government’s spending will not be huge in the current situation as it addresses the fiscal squeeze before stabilising and moving ahead, said Asean Business Club President Tan Sri Dr Munir Majid.

Economic cold war between China and US inevitable

Both sides will find it hard to step back in the confrontation over trade and the result will be a world divided in a deja vu of the old cold war days

Tunisia reforms face fresh strain after president ends Islamist tie-up

TUNIS (Reuters) - Efforts to rescue Tunisia's ailing economy face the prospect of fresh turmoil after the president declared his alliance with moderate Islamists at an end, deepening divisions in a fragile coalition managing the country's transition from autocracy.

Britain must make clear what it wants on Brexit - Merkel

BERLIN (Reuters) - Britain still has to decide exactly what it wants out of negotiations with the European Union on Brexit, Chancellor Angela Merkel said on Tuesday, adding six to eight weeks of hard work lie ahead to reach a possible deal in October.

South Africa to relax visa rules to boost investment, tourism

PRETORIA (Reuters) - South Africa will ease some immigration rules, including agreeing visa waiver agreements with more countries, in an effort to boost investment and tourism, Home Affairs Minister Malusi Gigaba said on Tuesday.

Greece uses high-tech drones to fight tax evasion in holiday hot spots

Greece are using drones to buzz over boats running day trips on the Aegean at the start of a new effort aimed at cracking down on rampant tax evasion at holiday hotspots.

A file photo of boats on Ammoudi Bay near seaside tavernas on the island of Santorini, Greece. Tax authorities say they have used surveillance drones in Greece for the first time to spot violations on Santorini, where tourists were allegedly being taken on boat tours of the island's sea-filled volcanic crater without getting receipts. — AP

Drivers for Uber, Lyft see incomes fall as participation jumps

Drivers for Uber, Lyft and other US ridesharing services have seen their incomes fall by half in recent years as more people get behind the wheel, according to a study released Sept 24.

The analysis showed that “transport workers” saw average monthly revenues drop by 53% between 2013 and 2017 from more than US$1,500 (RM6,201) to less than US$800 (RM3,307). — Sipa USA/TNS

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