More than one lakh people will be losing their jobs by the end of this summer.
Australians will have to pay more on home bills once the carbon tax takes effect in July this year but the federal government said these additional expenses will be erased by considerable rebates under the tax program. Federal Treasurer Wayne Swan has announced over the weekend the incoming benefits that the carbon tax will bring to Australian households, many of which, he admitted, will have to incur additional $40 as utilities payments each month.
There are now about 600,000 Jews in France, making it the third-largest Jewish community in the world, after the United States and Israel . However, in recent decades, with the huge influx of Arab Muslim immigrants to France, anti-Semitism now has a decidedly Islamic flavor. Mohammed Merah, the French-Algerian gunman who murdered four people – including three children – outside a Jewish school in Toulouse, reportedly claimed he wanted to take revenge for Israel 's treatment of the Palestinians.
The outlook for the emerging markets look mixed though there are some common premises which prevail, including low rate of global trade and core inflation. Open small and medium sized economies with sluggish growth are more exposed to the low rate of global trade. The domestic demand is pretty strong across many regions, including Africa and Asia
The New York state sales tax break is slated to expand on Sunday. Here's how the change impacts you. Currently there is no sales tax on any clothing purchase that totals less than $55, but as of Sunday, that exemption will expand to clothing purchases up to $110
The euro zone fell into recession in the first quarter, according to Eurocoin , an economic activity indicator, confirming the economic weakness of the battered region. Eurocoin, published by the Centre for Economic Policy Research and the Bank of Italy, was -0.03 percent in March, an improvement from -0.06 percent in February but still a negative figure, which means economic contraction
Americans spent their hard-earned money a bit more freely in February, the most in seven months, even as income rose only modestly, according to government data released Friday. The Commerce Department said consumer spending rose 0.8 percent in February, as Americans purchased more motor vehicles despite the higher gasoline prices