Finance & Economics | WPN World People News

The European Commission has today announced new funding of €100 million for Palestine in the areas of water and sanitation and supporting refugees, as well as a package of support to Area C (the part of the West Bank under direct Israeli occupation), amongst other things. The EU is the largest donor to the Occupied Palestinian Territory (OPT).

The economic crisis in Europe is deeply felt in the northern and more developed part of Italy, where entrepreneurs are suffering from a lack of credit and a decreasing number of customers. To overcome the crisis, some businesses are seeking Chinese investment, like the owner of CB Ferrari.

The World Bank Board of Executive Directors today approved the funding for the Vietnam Distribution Efficiency Project to provide electricity users across the country with better quality and reliable electricity services, and to reduce greenhouse gas emissions through efficiency improvements.

The U.S. Department of the Treasury announced that it has signed a bilateral agreement with the United Kingdom to implement the information reporting and withholding tax provisions commonly known as the Foreign Account Tax Compliance Act (FATCA). Enacted by Congress in 2010, these provisions target non-compliance by U.S. taxpayers using foreign accounts. The bilateral agreement signed this week is based on the model published in July of this year and developed in consultation with France, Germany, Italy, Spain, and the United Kingdom and marks an important step in establishing a common approach to combatting tax evasion based on the automatic exchange of information.

A screening of the various papers presented at the conference (Source: "Abstract Volume, World Water Week in Stockholm, August 26-31, 2012, Water and Food Security"), gives a taste of the deadly non-vision from the trans-Atlantic elites.

The measure, intended to help the regions of Pakistan worst hit by the 2010 floods, will give preferential (duty-free) EU market access to 75 types of goods, although tonnages of some of the more commercially sensitive ones will be capped..

The Parliament team will be helping to draft the report "Towards a genuine economic and monetary union" that will go to the EU's heads of state and government in October.

They are the first round of winners taking part in the Employer Ownership Pilot (EOP). They will receive a share of £67 million and will more than match the funding by investing a combined total of £98 million.