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World 26 Nov 2020 | 6:47 AM

Roundup: U.S. Q3 GDP growth unrevised in second estimate, recovery to slow down in Q4

WASHINGTON, Nov. 25 (Xinhua) -- U.S. economic activity in the third quarter grew at an annual rate of 33.1 percent in a second estimate, after a sharp contraction in the previous quarter, the Commerce Department reported on Wednesday.

World 26 Nov 2020 | 3:09 AM

France preparing to levy "GAFA tax" for 2020

PARIS, Nov. 25 (Xinhua) -- French Ministry for the Economy and Finance confirmed on Wednesday that tax notices have been sent to digital giants in the country asking them to pay the three-percent tax for its 2020 turnover, a move exposing Paris to Washington's punitive tariffs, French daily Les Echos reported.

World 26 Nov 2020 | 2:17 AM

Feature: Chinese restaurateur in Rome struggles to survive pandemic

ROME, Nov. 25 (Xinhua) -- A memory that still resonates in Shu Jianguo's mind is that of a dinner at his restaurant called Dao, which brought together dozens of Rome-based chefs in a massive gesture of solidarity during this pandemic.

World 26 Nov 2020 | 12:42 AM

Kenya's budget deficit to rise to 8.5 pct of GDP amid COVID-19

NAIROBI, Nov. 25 (Xinhua) -- Kenya's budget deficit is projected to rise to 8.5 percent of gross domestic product (GDP) in the current financial year that ends in June 2021 compared to 8 percent recorded in the prior year due to the COVID-19 pandemic, a senior government official said on Wednesday.