Fuel prices surge in Italy as tax discount expires

STORY: Fuel prices surge in Italy as tax discount expires DATELINE: Jan. 5, 2023 LENGTH: 00:00:57 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of gas stations STORYLINE: Gasoline and diesel prices in Italy have surged dramatically after a discount on fuel-related excise duties expired at the end of 2022. Local media reported on Tuesday that the national average prices reached 1.8 euros (1.91 U.S. dollars) for gasoline and 1.87 euros (1.98 U.S. dollars) for diesel respectively at self-service pumps, which marked an increase of more than 9 percent in both fuels in just a few days. In the first days of 2023, the national average price for full-service gasoline stood at 1.95 euros (2.07 U.S. dollars) per liter while that for full-service diesel stood at 2.02 euros (2.14 U.S. dollars) per liter. The expired discount was put in place in March 2022 to help combat a surge in fuel prices. Xinhua News Agency correspondents reporting from Rome. (XHTV)

Nikkei closes at 2-month low below 16,000

Nikkei closes at 2-month low below 16,000

TOKYO, Japan - An electronic board at a securities firm in Tokyo shows that the Nikkei Stock Average fell 325.11 points, or 2.02 percent, to 15,771.57 on Nov. 8, its lowest finish since Sept. 10, as the impact of the U.S. subprime mortgage crisis continues to be felt by market players in Japan. The Nikkei index was down about 470 points at one point during the day.

Nikkei closes at 2-month low below 16,000

Nikkei closes at 2-month low below 16,000

TOKYO, Japan - An electronic board at a securities firm in Tokyo shows that the Nikkei Stock Average fell 325.11 points, or 2.02 percent, to 15,771.57 on Nov. 8, its lowest finish since Sept. 10, as the impact of the U.S. subprime mortgage crisis continues to be felt by market players in Japan. The Nikkei index was down about 470 points at one point during the day. (Kyodo)