Tax burdens on labour income continue to rise across the OECD
Personal income tax has risen in 25 out of 34 OECD countries over the past three years, as countries reduce the value of tax-free allowances and tax credits and subject higher proportions of earnings to tax, according to new data in the annual Taxing...
ECOWAS Hopeful of Successful Guinea Bissau Election Sunday
The Economic Community of West African States (ECOWAS) is cautiously optimistic that Guinea Bissau’s elections scheduled for Sunday will be transparent, free and fair, says Sonny Ugoh, Communications Director for ECOWAS.
Ending poverty requires more than growth, says WBG
While economic growth remains vital for reducing poverty, growth has its limits, according to a new World Bank paper released. Countries need to complement efforts to enhance growth with policies that allocate more resources to the extreme poor. These...
Mixed Growth Outlook in Emerging Europe and Central Asia in 2014
Growth in the Emerging Europe and Central Asia (ECA) region is decelerating this year due to downward adjustments in the eastern part of the region, the World Bank said at a press briefing during the World Bank/IMF Spring Meetings. With growth going...
Despite Tighter External Conditions, Latin America and the Caribbean Hold Steady
As international investors shift their focus back to advanced economies, particularly the United States, as a result of monetary policy normalization, emerging economies face much tighter financial conditions. Still, the impact of this reversal in...
Bomb Blast in Athens as Greece Returns to World Bond Markets
A bomb blew up outside the Greek central bank in Athens Thursday morning, hours before Greece returns to the international bond market.
Hewlett-Packard Russia Agrees to Plead Guilty to Foreign Bribery
ZAO Hewlett-Packard A.O. (HP Russia), an international subsidiary of the California technology company Hewlett-Packard Company (HP Co.), has agreed to plead guilty to felony violations of the Foreign Corrupt Practices Act (FCPA) and admit its role in...
National treasure: “Member states should decide what is important for their national heritage”
Some 40,000 cultural objects are illegally removed from EU countries every year and only a handful of them are ever returned. On 10 April, the EP's culture committee votes on an informal deal with governments to update EU legislation to facilitate the...
Sustained Income Growth of Bottom 40 Percent Crucial to Boosting Shared Prosperity in Emerging Europe and Central Asia
Countries in Emerging Europe and Central Asia have done relatively well in ensuring that their populations have shared in overall prosperity, but progress has been uneven and its long-term sustainability is under question, according to a new World...
IMF Sees Global Economy Strengthening
The International Monetary Fund says the global economic recovery is strengthening.
...
