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Bank tax hits investor confidence in Italian govt
Bank tax hits investor confidence in Italian govt
Business and Economy
by  AFP

Italian Prime Minister Giorgia Meloni's government watered down its surprise windfall tax on banks this week after a brutal market reaction, but the damage to investor confidence was done. "The haphazard manner of the announcement, where the government changed the terms of the tax at least three times in one day, will do little to restore investor confidence," added Scholtz.

Rio Tinto to build largest solar plant in Canada's north
Rio Tinto to build largest solar plant in Canada's north
Business and Economy
by  AFP

Anglo-Australian mining giant Rio Tinto announced on Thursday that it will begin construction of the largest solar power plant in northern Canada on the site of its Diavik diamond mine. Construction on the solar site will start within weeks, and when operational in the first half of 2024 will generate around 4,200 megawatt-hours of electricity per year, Rio Tinto said in a statement.