Finance & Economics

UK employers set a new benchmark for social mobility

The Deputy Prime Minister Nick Clegg has announced 12 Social Mobility Business Compact 'Champions'.

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China headed to overtake EU, US in science & technology spending, OECD says

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European Parliament backs EU-Moldova association deal

The European Parliament gave its consent to the EU-Moldova Association agreement, which includes a Deep and Comprehensive Free Trade Agreement (DCFTA), on Thursday in Brussels. The deal will form the backbone of strengthened political association and economic integration between the EU and Moldova and provide for mutual free market access.

EP approves EU aid for former workers at Greek retailer and Irish jeweller

Workers at fashion retailer Sprider Stores in Greece and at jewellery maker Andersen Ireland Limited in Ireland are to receive EU aid worth €8.8 million to help find or create new jobs. The European Globalisation Adjustment Fund (EGF) aid applications, already accepted by the Council of Ministers, were approved by Parliament on Wednesday.

Developing countries to play greater role in OECD/G20 efforts to curb corporate tax avoidance

The OECD released its new Strategy for Deepening Developing Country Engagement in the Base Erosion and Profit Shifting (BEPS) Project, which will strengthen their involvement in the decision-making processes and bring them to the heart of the technical work. The BEPS Project aims to create a coherent set of international tax rules to end the erosion of national tax bases and the artificial shifting of profits to jurisdictions solely to avoid paying tax.

IMF Executive Board Concludes 2014 Article IV Consultation with Mexico

On November, 7, 2014, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Mexico.

Composite leading indicators point to continued weak growth in Europe and to stable growth in most other major economies

Stable growth momentum in the OECD area
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IMF Executive Board Concludes 2014 Article IV Consultation with the Republic of Fiji

With elections in September 2014, Fiji took a decisive stride toward returning to democratic government for the first time since 2006. The elections are expected to solidify the recent improvements in relationships with traditional development partners, improve access to concessional development finance, and boost confidence in the economy.

MEPs call for tax harmonisation and transparency on national tax rulings in 'Lux leaks' debate

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Commission President Jean-Claude Juncker faced political group leaders in a debate on the "Lux leaks" revelations on tax avoidance by multinational companies.

Statement at the Conclusion of an IMF Staff Visit to the Republic of Croatia

A staff team from the International Monetary Fund (IMF) visited Zagreb during November 4–10, 2014 to review economic developments, focusing primarily on fiscal policy. The mission met with Deputy Prime Minister Branko Grčić, Minister of Finance Boris Lalovac, Croatian National Bank Governor Boris Vujčić, other senior public officials, parliamentarians, academics, and representatives of the international community.