Finance & Economics

Austria’s investment outlook: economy well on track, according to annual “EIB Survey on Investment and Investment Finance” (EIBIS)

Austria is a structurally sound economy with a high quality of infrastructure and capital. Post-crisis, investment activity recovered faster than for the EU as a whole, powered most recently by investment in machinery and equipment. R&D investment in relation to GDP is also on the rise in Austria, driven particularly by large firms, although some innovative firms still face credit constraints.

Tai Ji Men Voiced An Injustice Case of Tax in UN

ROC Centenary, Taxation and Human Rights White Paper Reveals Tax Disasters

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Tai Ji Men injustice case of tax has been recorded in the Taiwan Tax Right White Paper.

Doctors to Governments: Tax us. Canada is worth it!

A group of doctors who rank among Canada’s top income earners urge the Ontario and federal governments to raise taxes on the rich to balance the budget and spare needed public services from austerity cuts.

Chrysler Financial Parent Company Repays $1.9 Billion in Settlement of Original Chrysler Loan

TARP Repayments Reach $189 Billion

The U.S. Department of the Treasury today announced that it has received a $1.9 billion repayment from Chrysler Holding (CGI Holding) in settlement of one of the loans that the Treasury Department extended to finance Chrysler LLC, the "Old Chrysler" automobile company. This repayment, while less than face value, is significantly more than the Treasury expected to recover on this loan and is greater than an independent valuation of the loan provided by investment banking firm Keefe, Bruyette and Woods, which was hired by Treasury in connection with the transaction.

Recession hampering fight against hunger in Europe, Central Asia – UN

13 May 2010 – The global downturn is threatening to reverse gains made – driven largely by agriculture – in combating poverty and food insecurity in Europe and Central Asia, a senior United Nations official said today.
Some 50 million people in the region have risen out of poverty since 1998, according to the UN Food and Agriculture Organization (FAO). In Central Asia alone, the number of hungry people dropped nearly 40 per cent to under 6 million in 2004-2006.

Better Targeting of Social Protection Programs can Significantly Reduce Poverty in Bangladesh

Social Protection Programs remain central to Bangladesh’s sustainable development policy and are progressively benefitting the poorer households. By improving targeting of the social protection programs, the country can further reduce poverty. Reallocating existing transfers to the poorest could reduce poverty from 36 percent to 12 percent, says a new World Bank report launched today.

Sierra Leone’s Economy is Recovering from COVID-19 Contraction Although Uncertainties Persist

Sierra Leone’s economy is projected to recover from the COVID-19 contraction with real GDP expected to rebound by 3.0 percent in 2021, an upward revision of 0.8 percentage point relative to the 2020 forecast, according to the new World Bank Sierra Leone Economic Update launched in Freetown, on Augest 5. The growth rebound reflects the expected recovery of agriculture, mining and services following the easing of COVID-related restrictions and Government’s Quick Action Economic Response Program (QAERP).

US$25 million Grant to Build Beirut Businesses Back and Better

A US$25 million grant will support the recovery of targeted micro and small enterprises (MSEs) directly affected by the Port of Beirut blast and sustain the operations of eligible microfinance institutions (MFIs). The Building Beirut Businesses Back and Better (B5) Fund will also help preserve private sector jobs and reduce business closure and layoffs.

Tanzania Has an Opportunity to Ignite Inclusive Economic Growth by Transforming Its Tourism Sector

As Tanzania’s tourism sector recovers from the harsh effects of the COVID-19 (coronavirus) pandemic on businesses and employment, the latest World Bank economic analysis says the country also has a unique opportunity to revamp the tourism industry to drive inclusive growth over the long term, and promote climate adaptation and mitigation.

Jobs must be at heart of recovery to avoid deep scars in economy and society, says OECD

The strong economic recovery underway across OECD countries is yet to fully translate into enough new jobs to get employment levels back to pre-pandemic levels in most member economies according to a new OECD report.