Controversial plans that allow Britain's HM Revenue and Customs (HMRC) to raid bank accounts to collect tax debts have been revised by the Treasury.
World Economy
The European Commission president Jean-Claude Juncker will unveil a much anticipated $370 billion (€300 billion) investment plan on Wednesday that is meant to trigger economic growth in the…
The Mexican government lowered its estimate for economic growth for this year, forecasting gross domestic product to expand between 2.1% and 2.6%, compared with its previous estimate of 2.7%,…
The UAE’s rebounding economy and rising cost of education are helping to erode the benefits of zero income tax for professional expats, according a new report.
Germany’s state-owned development bank is making a loan to its Italian counterpart to aid lending to small and midsize companies in Italy, according to two people familiar with the plan.
The Russian Direct Investment Fund (RDIF) is still attracting significant interest from investors in the Middle East and Asia despite sanctions putting off investment from the West, its chief…
A bare 0.004 percent of the world’s adult population controls nearly $30 trillion in assets, 13 percent of the world’s total wealth, according to a new study.
And perhaps unsurprisingly,…
The Kiev authorities are planning to privatize all coal mining enterprises in Ukraine in 2015-2016, the text of a coalition agreement signed by the leaders of parties who have joined parliamentary…
The Swiss private banking arm of HSBC Holdings has been placed under formal investigation by French magistrates, who are looking into whether the bank helped certain clients avoid paying…
The Pentagon says it had awarded Lockheed Martin Corp a contract valued at $4.7 billion for an eighth batch of F-35 fighter jets that lowered the average price per jet by 3.5 percent from the last…
Chinese Premier Li Keqiang has called for “new growth engines” to counter slowing growth in the world’s second largest economy, Xinhua reported late on Friday. The comments came as China…
European Central Bank chief Mario Draghi has said the ECB is ready to begin buying sovereign bonds on short notice to combat deflation. The measure is, however, controversial among economists, DW…
Egypt will offer a slew of projects to domestic and foreign investors at a conference in March aimed at kick-starting an economy battered by years of political unrest, the prime minister…
Canada’s inflation rate accelerated faster than economists predicted in October, led by gasoline and clothing and suggesting the economy may be running hotter than the central bank had…
China is poised to deliver deeper interest rate cuts after yesterday’s unexpected decision to reduce borrowing costs for the first time since 2012.
The EU could delay a decision on France’s budget overshoot until early 2015 instead of making a ruling next week as expected, AFP quoted sources as saying.
Under new powers given to…
Spain is leading the way for shocking the Eurozone back to life, according to the Organization for Economic Cooperation and Development (OECD). Spain’s OlivePress reported. The Paris-based think-…
Brazil’s economy is likely to grow 0.5% this year, according to country’s Planning Ministry, reducing its previous forecast of a 0.9% gross domestic product growth rate, Dow Jones reported. The…
Thirty nations meeting in Berlin have pledged $9.3 billion for a fund to help developing countries cut emissions and prepare for climate change.
The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years,…
China’s central bank cut its official interest rates for the first time in two years Friday, in a surprise move that sent international stock and commodity markets sharply higher.
Three African economic blocs will merge into a new 27-nation free-trade zone under an agreement to be signed in Cairo next month, uniting markets worth 58 percent of the continent’s economic…
India’s Finance Minister Arun Jaitley promised Friday to make progress during the upcoming parliamentary session on a string of economic reforms, including a national tax to create a single…
Singapore has retained its title as the best place in the world to do business for the seventh consecutive year, according to research.
Unobstructed movement of goods is of major importance for landlocked Kazakhstan, which together with Belarus, has a free trade deal with Russia as part of the Customs Union between the three…
