![[PHOTOS] 2013 Celebrity Couples](http://cdn.ph.upi.com/sblc/8741368788463/8/PHOTOS-2013-Celebrity-Couples.jpg "[PHOTOS] 2013 Celebrity Couples")
1.
New rules for olive oil in Europe
TEHRAN, Oct. 9 (UPI) -- Iran said it would postpone implementation of a 3 percent sales tax after merchants in several cities shuttered stores in protest.
Angry merchants kept stores closed for two days in the shopping bazaar in Esfahan. Shops also closed in Tehran, Mashad and Tabriz in a display of public indignation, The Washington Post reported Thursday.
In a state television interview Tuesday, Iranian President Mahmoud Ahmadinejad said the new tax was essential to economic reforms, which include ending government subsidies for flour, gasoline and electricity, the Post reported.
The reforms are meant reel in government spending and cut inflation, which is 29.4 percent in Iran, Iran's Central Bank said.
But, after a meeting between merchants and Iranian tax authorities Wednesday, it was agreed the tax would be suspended for 3-6 months.
|
|
|
|
|
|
| Additional Business News Stories | |
TEL AVIV, Israel, May 17 (UPI) --
Nobel Energy of Houston, which discovered Israel's big gas fields in the eastern Mediterranean, is pressing the government to decide soon on an energy export policy as the prospect of an undersea pipeline to Turkey gains credibility.
|
TEL AVIV, Israel, May 17 (UPI) --
mid growing concerns about security threats from Syria and Iran, Israeli Prime Minister Binyamin Netanyahu has greatly reduced planned defense budget cuts.
|
Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
|
Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
|
| Stories | Photos | Comments |
View Caption
