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Italy bank shares fall on govt's surprise windfall tax
Italy bank shares fall on govt's surprise windfall tax
by  AFP

Shares in Italian banks plunged early Tuesday after the country's right-wing cabinet approved a surprise 40 percent windfall tax on "surplus profits" generated by the rise in interest rates. He told reporters in Rome after the cabinet meeting that the tax would be levied on banks' "surplus profits" generated by the European Central Bank's interest rate hikes.

China drafts rules for using facial recognition data
China drafts rules for using facial recognition data
by  AFP

Firms using facial recognition in China will be required to obtain consent or legal permission before collecting personal information, draft regulations released Tuesday said, while stipulating the rules would not apply to some bodies. But, it stipulated, the rules would not apply to those "not required by laws and administrative regulations to obtain personal consent".

'Stigmatised': Sex workers join criticism of UK banks
'Stigmatised': Sex workers join criticism of UK banks
by  AFP

London-based sex worker Marin Scarlett and right-wing populist Nigel Farage might initially appear unlikely campaigning allies, but when it comes to the pitfalls of banking in Britain they share a common cause. The campaigner for the European Sex Workers' Rights Alliance was told her account would be frozen for six months before an evaluation.

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