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Chinese car exports surge

Growth in domestic and foreign sales is expected to boost the sector’s post-Covid recovery Chinese carmakers sold 1.76 million vehicles in foreign countries in the first five months of 2023, marking growth of 81.5% compared to the same period last year, according to statistics from the China Association of Automobile Manufacturers (CAAM).

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Russia signs tax treaty with Gulf state

Russia and Oman have signed an agreement which eliminates double taxation in a sign of strengthening economic ties between the two countries, the Russian Finance Ministry announced on Thursday. The treaty is designed to protect investors in both countries and to regulate the imposition of levies. The measure should boost investments and trade between Russia…

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Ex-Scottish leader issues statement on her arrest

Former Scottish first minister Nicola Sturgeon has denied any wrongdoing after being arrested by police and questioned on Sunday. Sturgeon was released without charge, amid a probe into alleged financial misconduct by the Scottish National Party (SNP).

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