NEW YORK — Restaurants required by the government to suspend indoor dining will have their sales tax payment deadline extended by three months, according to an executive order signed by New York State Governor Andrew Cuomo on Saturday.
Tax burdens for restaurants and bars in communities where COVID-19 metrics necessitated additional restrictions would be eased with the deadline due on Dec. 21 to be extended to March 2021, said a release by Cuomo’s office. (New York-Restaurant-Sales Tax)
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BAGHDAD — The Central Bank of Iraq (CBI) said Saturday that it has decided to reduce the value of the Iraqi dinar against the U.S. dollar due to the economic crisis that resulted from the decline in oil prices and the coronavirus pandemic.
A CBI statement said it decided to reduce the value of the Iraqi dinar to be 1,450 dinars per one U.S. dollar in the central bank, instead of its previous price of 1,119 dinars per dollar. (Iraq-Currency)
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COLOMBO — Sri Lanka’s Index of Industrial Production (IIP) dropped 3.5 percent year-on-year in October, showed data by the Department of Census and Statistics (DCS).
The IIP stood at 108.1 for October, down from 112.1 a year earlier, showed the data published by the DCS on Friday. (Sri Lanka-IIP)
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NAIROBI — Kenya Airways and Air France-KLM Group said Saturday that they have agreed to mutually terminate their Africa-Europe joint venture partnership from September 2021.
Allan Kilavuka, Kenya Airways CEO, said the Kenyan carrier will continue to serve the European market through its gateways of London, Paris, Amsterdam with Rome slated for resumption from 2021. (Kenya-Airline) Enditem
