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.

Turkey Joins Nations Placing New Tariffs on US Products

Turkey announced Thursday that it would impose tariffs on $1.8 billion worth of U.S. goods in retaliation for U.S. President Donald Trump's tariffs on steel and aluminum imports.

World Bank Group Increases Support for Regional Integration in Sub-Saharan Africa

Titled “Supporting Africa’s Transformation: Regional Integration & Cooperation Assistance Strategy”, the strategy will promote economic diversification and strengthening of regional value chains, build sub-regional energy and digital markets, help create productive jobs for youth, and tackle cross-border health and climate change risks.

Denmark IMF Executive Board Concludes 2018 Article IV Consultation

On June 20, 2018 the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Denmark, and considered and endorsed the staff appraisal without meeting.

Germany’s strong anti-bribery enforcement against individuals needs to be matched by comparably strong enforcement against companies

Germany continues to demonstrate a high level of anti-bribery enforcement having prosecuted and sanctioned 328 individuals and 18 companies in foreign bribery cases since 1999. Germany is commended for its focus on holding culpable individuals liable, however, with companies held liable in only a quarter of the concluded foreign bribery cases there are concerns that there is insufficient enforcement against companies, according to a new report by the OECD Working Group on Bribery.

IMF Executive Board Concludes Article IV Consultation with Lebanon

On May 11, 2018, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Lebanon.

Lebanon’s economic growth remains low, estimated at about 1-1.5 percent in 2017 and 2018. The traditional drivers of growth in Lebanon are subdued with real estate and construction weak and a strong rebound is unlikely soon.