Finance & Economics | WPN World People News

Following on from the Red Tape Challenge, the UK 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 their houses from the Estate Agents Act 1979 (EAA). Government will also repeal the Property Misdescriptions Act 1991 (PMA) which currently requires these businesses to check the accuracy of advertised property details. The PMA has largely been superseded by the Consumer Protection from Unfair Trading Regulations and the Business Protection from Misleading Advertising Regulations, which can be applied more flexibly and have a wider range of enforcement measures and protections.

The U.S. central bank launched new measures Thursday to try to stimulate the weak U.S. economy, even as it predicted that the country's economic fortunes would improve over the next two years.

It is time to rethink the role of the state in the financial sector, so that governments can better balance the need for credit and emergency support for banks with measures to promote transparency and competition when crises erupt, says a new World Bank report.

L-r: Ambassador Frank Cogan, Head of OSCE Irish Chairmanship Taskforce, Tomáš Dub, Deputy Foreign Minister of Czech Republic, Brian Hayes, Minister of State at the Department of Finance of Ireland representing the OSCE Chairmanship, and Goran Svilanovic, the Co-ordinator of OSCE Economic and Environmental Activities, at the 20th OSCE Economic and Environmental Forum, Prague, 12 September 2012.

The Punjab Government’s holistic approach to developing rural and urban areas in tandem received impetus when the World Bank’s Board of Executive Directors approved two credits totaling $220 million.

Indonesia’s efforts to establish a market for Public Private Partnerships (PPPs) in infrastructure got another boost today as the executive directors of the World Bank approved a new project to support the newly established Indonesia Infrastructure Guarantee Fund (IIGF).

Some 29,000 teachers and support staff in the Midwest U.S. city of Chicago, Illinois are on strike, upset over reforms proposed by Mayor Rahm Emmanuel.

The European Central Bank has agreed to buy government bonds from debt-ridden Eurozone countries that request help, as part of an effort to relieve pressure from soaring borrowing costs.

The Executive Board of the International Monetary Fund (IMF) today completed the seventh review of Ireland’s performance under an economic program supported by a three-year, SDR 19.47 billion (about €23.55 billion or about US$29.62 billion) arrangement under the Extended Fund Facility (EFF), or the equivalent of about 1,548 percent of Ireland’s IMF quota.