The Bank of Japan raised its interest rate by 25 basis points to 0.75% on Friday, marking its highest level in 30 years, following a two-day monetary policy meeting. This move is the second interest rate hike this year, after the one in January, and the first under Prime Minister Sanai Takayachi's tenure, who has called for an expansionary fiscal policy while maintaining monetary ease. The increase comes as part of the central bank's recent steps towards normalizing monetary policy after ending its negative interest rate policy in March 2024. The yen has seen a sharp decline since Takayachi took office due to market concerns over the country's economic outlook.
Algeria - The process of expanding the powers of public administration representatives at the one-stop shops of the Algerian Investment Promotion Agency continues, through the delegation of State Property Administration representatives to prepare and sign lease contracts for economic land, as part of simplifying administrative procedures and accelerating the realization of investment projects.
Algeria - The General Directorate of Taxes announced today, Sunday, in a statement, the extension of the deadlines for subscribing and submitting a number of tax declarations for taxpayers subject to the real profit system and the single flat-rate tax system, in order to enable them to meet their tax obligations under the best conditions.
Most homes and farms are not insured against fires; farmers are the most exposed to losses due to weak subscription. New insurance products to face climate disasters, digitization, and artificial intelligence to reduce compensation times. Hassen Khalifati, a member of the board of the Algerian Union of Insurance and Reinsurance Companies, warned that the expansion of fires in Algeria, due to heat waves and climate changes, is met with a clear weakness in the demand for fire insurance, which increases the losses incurred by families, farmers, and economic institutions when disasters occur. Khalifati explained, in a statement to 'Echorouk', that there are no accurate and updated statistics to determine the percentage of homes or farms...
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