With all the hype surrounding the Spanish banking crisis and looming Greek elections, there is another, far more insidious bailout quietly creeping up on the EU. Mediterranean minnow Cyprus is only days away, according to rumors, from requesting a bailout equivalent to 10 percent of its GDP . "The issue is urgent
Australia n Prime Minister Julia Gillard hinted on Tuesday night of lower corporate tax rates after the federal government scrapped the proposal. She said lower corporate tax rates would benefit workers and the community in terms of more jobs available and better pay over time
India and Canada have signed a Memorandum of Understanding (MoU) on Infrastructure Development, Operation & Maintenance of Roads during the visit of Dr.
Tokyo is the most expensive city for expatriates in terms of cost of living surpassing the Angola n capital Luanda, according to the Worldwide Cost of Living Survey 2012 by Mercer.
The world remains heavily dependent on fossil fuel but a new report issued by the UN Environment Program on Monday highlighted an emerging trend that points to the increasing investments on renewable energy by key economies across the globe. By the end of 2011, the world's total investment in clean energy jumped by 17 percent to $US257 billion, registering an actual retreat of 37 percent from the amounts poured in developing renewable energy in the previous year, the UN report said.
The wealthiest man in Africa is probably not widely known in the rest of the world, given the region’s long-held image as a bastion of grinding poverty.
(Reuters) - German Chancellor Angela Merkel said on Monday she would campaign for a financial transaction tax, addressing concerns among the center-left opposition that her government was only using the issue as a way to get euro crisis legislation through parliament. "The federal government, as agreed with the opposition, will campaign for (a financial transaction tax)," Merkel said in Frankfurt, adding that Germany needed both functioning banks and justice in the financial sector. A media report at the weekend that Merkel is not serious about implementing a European financial transaction tax has angered opposition parties and threatens to undermine an initial deal struck last week with the opposition over the EU's planned fiscal pact.
Francois Hollande's Socialist Party and their allies on the left are in prime position to gain a majority of seats in France’s National Assembly, following a triumphant performance in the first round of parliamentary elections on Sunday.