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.

EU support for the African Peace and Security Architecture: poor effect and in need of refocusing, say auditors

EU financial support for the African Peace and Security Architecture (APSA) has had a poor effect and needs refocusing, according to a new report from the European Court of Auditors. For many years, the APSA has been heavily dependent on donor funding and EU support has been focusing on contributing to its basic operational costs rather than on capacity-building measures, say the auditors.

The APSA was established by the member states of the African Union as a long-term response to the peace and security challenges on the African continent. Through the APSA, the African Union and regional level organisations have access to tools which help them prevent, manage and resolve conflicts.

South Asia can Triple Regional Trade by Removing Trade Barriers

By reducing man-made trade barriers, trade within South Asia can grow three times, from $23 billion to $67 billion, says a new World Bank report. Bangladesh has the potential to more than double its trade with South Asian countries. Increased regional trade can accelerate Bangladesh’s growth and create more jobs for men and women.

World Bank Approves First Energy Sector Credit in Nepal

The World Bank has approved its first loan to strengthen the finances and operations of Nepal’s energy sector, so it can deliver reliable, affordable and sustainable power to the Nepali people.

Job automation risks vary widely across different regions within countries

The risk of job automation is much higher in some regions than others within countries, meaning governments will need to address any widening of job inequality between one area and another in the coming years, according to a new OECD report.

Few countries are pricing carbon high enough to meet climate targets

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