Business News

By Jason Hovet

PRAGUE (Reuters) – The Czech government has ditched a long tradition of frugality over the last few years by piling tax cuts and wage hikes on top of pandemic spending, putting the country’s debt on course to hit critical levels much faster than anyone expected.

That leaves an unenviable challenge for whichever party wins this weekend’s national election in the Czech Republic.

The Czech Finance Ministry forecasts public debt will hit 43.5% of

Las Vegas Sands (NYSE:) is an integrated resorts developer.

A typical resort developed by the company includes accommodation, gambling activities, retail, entertainment, and more.

Las Vegas Sands’ key markets include Nevada, Macau, and Singapore. I am bearish on the stock. (See Las Vegas Sands stock charts on TipRanks)

Recent Performance

The stock is one of the worst-performing on the year-to-date, with a drawdown of more than 34%.

Las Vegas Sands has a history of underperforming the S&P 500, but recent performance has been subdued. Catalysts include lower casino traffic, gambling and leverage

(Reuters) -The European Union’s drug regulator on Friday identified a possible link between rare cases of blood clotting in deep veins with Johnson & Johnson (NYSE:)’s COVID-19 vaccine and recommended the condition be listed as a side-effect of the shot.

The European Medicines Agency also recommended that immune thrombocytopenia (ITP), a bleeding disorder caused by the body mistakenly attacking platelets,

By David Stanway

SHANGHAI (Reuters) -China’s vast Belt and Road Initiative (BRI) is in danger of losing momentum as opposition in targeted countries rises and debts mount, paving the way for rival schemes to squeeze Beijing out, a new study showed on Wednesday.

President Xi Jinping launched BRI in 2013, aiming to harness China’s strengths in financing and

(Corrects spelling of Lai in final para)

By Anshuman Daga

SINGAPORE (Reuters) -Southeast Asian logistics provider Ninja Van is sufficiently capitalised after raising $578 million and it could be about 18 months before it taps public markets for an IPO, the head of the Singapore-based company said on Monday.

On Sunday, Ninja Van said it added Alibaba (NYSE:) Group as an investor in its late stage funding round. Existing investors such as European parcel delivery network GeoPost/DPDgroup, Monk’s Hill Ventures and

By Eva Plevier

THE HAGUE (Reuters) -Hundreds of protesters marched against the introduction of a “corona pass” in the Netherlands on Saturday, as proof of COVID-19 vaccination became compulsory to get into bars, restaurants, theatres and other venues.

The new requirement to show the pass or a recent negative coronavirus test came into force on Saturday,