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.
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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Significant reductions in the cost of offshore wind energy can be achieved in the UK by the year 2020 if certain basic steps are incorporated, a new report by the Crown Estate mentions. The study has demonstrated ways by which offshore wind could reach a Levelised Cost of Energy (LCOE) of £100/MWh by 2020, in order to maximise the size of the industry. UK has witnessed a substantial increase in the costs of offshore wind since the first commercial scale wind farms were deployed in the early 2000s
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
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
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.
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