Saudi to impose tobacco, sugary drinks tax on June 10
DUBAI, May 28 Saudi Arabia will impose a special tax on tobacco and sugary drinks on June 10, as part of a series of steps towards closing a budget deficit caused by low oil prices.
STOCKHOLM, April 28 Geely-owned automaker Volvo Car Group said on Friday its operating profit rose 11 percent in the first quarter year-on-year, mainly driven by strong demand for the company's XC60 and 90 series cars.
Bought by China's Zhejiang Geely Holding Group Co. from Ford Motor Co. in 2010, Volvo said earnings rose to 3.5 billion Swedish crowns ($396 million) from 3.1 billion in the year-ago quarter.
Gothenburg-based Volvo's sales rose to 47.6 billion crowns from 42.0 billion a year ago, underpinned by strong demand for its 90 series cars. ($1 = 8.8374 Swedish crowns) (Reporting by Helena Soderpalm, editing by Johannes Hellstron)
LOS ANGELES, May 28(Variety.com) - Disney's "Pirates of the Caribbean: Dead Men Tell No Tales" is sailing into first place at the domestic box office this weekend, but the story the numbers dictate is not one of swashbuckling heroics.