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Economy

“Dubai nixes its 30% alcohol tax in a bid to attract more tourism”

“…Dubai is scrapping its 30% tax on alcohol sales for the rest of the year, the emirate’s municipality announced Monday, the latest move in a series of liberalizing policy changes over the last few years aimed at boosting tourism and… Continue Reading…

Business, Stocks

“Macy’s shares sink as discounts to clear inventory hurt, tourism drops”

“Macy’s Inc <M.N> cut its full-year earnings forecast on Wednesday after missing estimates for quarterly profit for the first time in at least two years, as it discounted merchandise heavily to clear spring inventory, sending its shares down as much… Continue Reading…