Austria's long-running alliance that is uniting the conservative People's Party and the Social Democrats will be effective for another five-year term. The government pledged a continuance of its `successful course'.

On Thursday, the parties agreed to one more term ruling as a grand coalition. The decision was taken after securing a narrow combined majority in elections on September 29.

The 6th Azerbaijan-Austria business forum has been held today in Baku. As per APA-Economics, the discussion was organized by Azerbaijan Export and Investment Promotion Foundation (AZPROMO) and was supported by Ministry of Economy and Industry.

According to a group of leading economists, poorer countries can save lives by adopting or raising tobacco taxes. The authors suggested increase in investments in global health to battle with killer diseases. They cited China as good example for the same, saying 50% tax could prevent 20 million deaths and generate $20 billion over the next 50 years.

As per recent reports, it has been unveiled that yen has declined to its weakest in four months when compared with dollar.

The yen has declined by 0.8% to 100.79 per dollar. Experts were of the view that the decline is the biggest one since July 19. When compared to euro, the yen was found to have declined by 0.5% to 135.09 per euro.