Saturday, February 28

Economy

Thailand’s government unveiled a billion-dollar handout scheme on Wednesday that it hopes will boost the flagging economy but warned recipients would not be allowed to spend the money on marijuana, jeweler or lottery tickets.

Italian luxury carmaker Ferrari said Wednesday its European dealers will start accepting cryptocurrency, following a similar move in the United States.

The United States sees no need to negotiate an international agreement on taxing the super-wealthy, US Treasury Secretary Janet Yellen said Thursday, highlighting divisions on a plan that is top of the agenda at a G20 finance ministers’ meeting in Rio de Janeiro.

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