China’s Outbound Tourist Boom: A Bonanza For Neighboring East Asia Economies
One of the many aspects of China ’s economic emergence has been the tremendous surge in Chinese tourism to other nations, particularly to East Asia and the Pacific Rim.
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Greek Elections: Economic Crisis Raises Profile Of Far Right
With the far-right scoring an impressive first-round performance in France’s presidential election, a similar scenario may play out in Greece, where extreme right-wing parties may win some seats in the Athens parliament in this Sunday’s elections. Beset by crushingly high unemployment, a brutal economic landscape and draconian austerity measures by the government, the situation in Greece seems ideal for the far right to exploit and gain political power. Socialist party leader Evangelos Venizelos has seen the writing on the wall and urged the Greek public to reject the extreme right-wing in the upcoming elections.
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Austerity Woes Make for a Week to be in Opposition
On Monday 23 April 2012 a Guardian newspaper headline read: "Conservatives turn three-point opinion poll lead into eight-point deficit" in a story which illustrated the travails of being in government and not getting the PR quite right - on this occasion over Chancellor George Osborne's Budget. The poll covering Westminster voting intentions, was conducted for the newspaper by ICM and showed that the Conservatives had slumped to 33 per cent, a fall of six per cent which accounted for nearly all of Labour's gain of five per cent to 41 per cent
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Analysts: May Rate Cut in the Bag, Likely a Couple More to Come this Year
All the ingredients for the Australia n central bank to cook up a rate reduction on May 1 are present, economists said, further making a strong case for a cash rate push back on Tuesday, which has been expected and demanded by many local industries. The bond market has reached subdued levels, according to Australia & New Zealand Banking Group (ANZ), while official government figures pointed to the likelihood that inflation for much of the current year would remain within the target band set by the Reserve Bank of Australia (RBA).
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Turkish Police Brace For Huge May Day Rally On 35th Anniversary of Taksim Massacre
Turkish police and government are bracing for massive May Day rallies on Tuesday, with an expected contingent of 14,000 police officers to be deployed in Istanbul to ensure security. The Mayor of Istanbul Hüseyin Avni Mutlu told reporters: “The Istanbul Police Department has taken the necessary measures to ensure a peaceful demonstration that will cause no problems to either demonstrators or other people in the demonstration areas.” Security officials will also be deployed across nearby cities, including Sakarya, Kocaeli and Balıkesir.
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