Aung San Suu Kyi Begins European Tour, As Sectarian Violence Threatens Her Homeland
On her first trip to Europe in more than two decades, Myanmar’s pro-democracy activist Aung San Suu Kyi urged the protection of worker rights and encouraged foreign investment in her country during a speech before the International Labour Organization (ILO) in Geneva.
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Japan’s Industrial Production Declined 0.2% In April: Revised Data
Japan 's industrial production declined in April from the previous month, according to the revised data released by the Trade Ministry Thursday. The revised data reported that industrial output fell 0.2 percent in April, raising concerns about the country's faltering economic growth momentum. An increase of 0.2 percent growth was reported initially in April.
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Business Groups to Julie Gillard: Lower Corporate Tax Rate Must be Funded by Spending Cuts, Not New Taxes
In response to broad hints from Prime Minister Julia Gillard that the Labor-led government plans to revive a previous initiative to lower corporate tax rate to 29 per cent from 30 per cent, business groups issued a challenge to her. Business leaders agreed cutting the tax rate would be good, but they insisted it should be funded by spending cuts, not new taxes to be collected from business
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Mario Monti Squeezed Between Bond Markets And Italians’ Resistance
Even before the dust settles on Europe's €100 billion Spain bailout, Italy's technocrat Prime Minister Mario Monti faces rising pressure amidst fears that the debt-ridden country will be next in line to plead for financial assistance. Monti's ability to perk up Italy's sagging economy is being called into question
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Will The Russians Bail Out Cash-Strapped Cyprus In Lieu Of An EU Loan?
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
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Indian Economy Will Grow 6.9 Percent, Says World Bank Report
The India n economy will grow by 6.9 percent in the current financial year despite government's inaction in policy reforms and the fiscal and current deficits that slackened economic growth, says the World Bank.
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PM Julia Gillard Hints of Lower Corporate Tax Rate
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
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