Finance & Economics

Economy: European recession slowing global economy, says OECD

contribution_0_0.jpg

The European Commission announces new large-scale support the Occupied Palestinian Territory

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).

Italian Entrepreneurs Turn to Chinese for Help

bank_0_0.JPG
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.

Better Quality and More Reliable Electricity to Support Vietnam’s Sustainable Development and Reduce Greenhouse Gas Emissions

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.

US Treasury, United Kingdom Sign Bilateral Agreement to Improve Tax Compliance, Combat Offshore Tax Evasion and Implement FATCA

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.

Innovation: Economic crisis and weak outlook hit R&D, says OECD

STIO-PR-1-550x361_0_0.png

Two Opposing Worlds Meet: Development or Death (Part II)

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.

EU to import more duty-free goods from Pakistan, to aid recovery from floods

Pakistan will be allowed temporarily to export more goods duty free to the EU, so as to help the economic recovery of its flood-devastated regions, under a regulation approved by Parliament on Thursday. This exceptional measure, to apply until the end of 2013, will include fabrics, garments, linen, ethanol and leather.

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..

European Parliament to be key player in EU negotiations on deeper economic and monetary union

European Parliament is to play a full role, alongside the Council, Commission, European Central Bank and Eurogroup, in the negotiations on deeper EU economic and monetary integration ahead of the October European Council. A delegation appointed by Parliament's group leaders, led by President Schulz and including Elmar Brok, Roberto Gualtieri, Guy Verhofstadt and Daniel Cohn-Bendit (substitute member), will start work next week.

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.

UK Following on from the Red Tape Challenge, the Government’s response to the consultation on amending the Estate Agents Act to encourage new business models confirms plans to exempt intermediary agents which help homeowners privately advertise and sell t

Siemens, Sembcorp and Nissan are some of the 34 businesses that have successfully bid to design the vocational training programmes they need to grow and create tens of thousands of opportunities for young people, UK Business Secretary Vince Cable announced.

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.