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Malaysia plans windfall tax for rich companies in new budget

KUALA LUMPUR, Malaysia (AP) — Malaysia’s government has proposed record spending for 2022 to bolster post-pandemic economic recovery, with various industrial incentives and cash handouts for the poor and windfall taxes for high-income companies. Finance Minister Zarful Aziz put forward in Parliament the budget proposal of 332.1 billion ringgit, or $80.2 billion, up from $77.4

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Malaysia plans windfall tax for rich companies in new budget

KUALA LUMPUR, Malaysia (AP) — Malaysia’s government has proposed record spending for 2022 to bolster post-pandemic economic recovery, with various industrial incentives and cash handouts for the poor and windfall taxes for high-income companies. Finance Minister Zarful Aziz put forward in Parliament the budget proposal of 332.1 billion ringgit, or $80.2 billion, up from $77.4

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A British trawler is seen moored in the port of Le Havre after it was seized by France on October 28.

France summons captain of seized British fishing boat to court as UK warns ‘two can play that game’

By Joseph Ataman, Martin Goillandeau and Nada Bashir, CNN The captain of a British fishing trawler detained in France was ordered to appear before a French court over allegations of illegal fishing, as the war of words between the two countries over post-Brexit fishing rights escalated on Friday. French authorities seized the vessel, fined another

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