China and Russia believe they were “duped” to allow for military intervention in Libya, said former United Nations Secretary General Kofi Annan on Wednesday, and they are now “very hesitant” to intervene in Syria.
Despite the recent economic slowdown, the rise of Asia over the last decade has seen an increase in the number of billionaires across the region. Nowhere is this more evident than in China where the rank of billionaires has risen from just 15 six years ago to 251 this year.
It’s no secret that the super-rich in China are now creating major waves in the global economy. Check out this infographic, which explores who’s holding on to all the wealth and what are they buying with all their money.
German Finance Minister Wolfgang Schaeuble announced on Wednesday that the nation’s tax receipts for this year would be at least 5.8 billion euros ($7.5 billion) higher than previously forecasted “due to favourable economic trends pushing up wage income and company profits.”
Shop owners and residents in India’s capital of New Delhi will no longer be allowed to manufacture, import, store, sell or transport any kind of plastic bag starting from November 22 this year, reported The Asian Age on Wednesday, following the introduction of a ‘blanket ban’ on plastic by state government authorities in order to reduce the capital’s annual plastic waste.
Renewable energy capacity could overtake nuclear power in the UK by 2018 if current growth rates persist, and will provide enough power for one in 10 British homes by 2015, according to new research by RenewableUK.
The findings also revealed that the amount of electricity supplied by wind energy alone is up by 25 percent since 2010, with the industry poised for further growth given the 50 percent rise in planned investment in onshore wind, according to a report by the Guardian.
The amount of money owed to Chinese listed companies has risen sharply in the previous quarter, lending support to claims of an imminent economic slowdown in China.
According to a report by the Financial Times, 66 percent of Chinese listed companies that have reported third-quarter results showed a year-on-year increase in unpaid bills, or accounts receivable in accounting terms, as a proportion of sales.
Japanese authorities have spent nearly a quarter of the funds set aside to reconstruct disaster-hit areas, from the earthquake and tsunami last year, into numerous unrelated projects such as subsidies for a contact lens factory and hiring protection for Japanese whalers, claimed a recent independent audit commissioned by the government, with nearly half of the budget also still to be spent amid delays over rebuilding strategies.
French beer brewers on Tuesday accused the government of “singling out” beer compared to wine, after President Francois Hollande announced plans to increasing taxes on beer by 160 percent to help fund struggling social programs.
Online courses, OpenCourseWare, and MOOCs have fundamentally changed how we perceive affordable and accessible education. Take a look at this infographic to learn about how startups like Khan Academy, BenchPrep, Udemy, and others are empowering students and educators by offering thousands of courses online for almost next to nothing.
Germany’s finance minister has dismissed a report that the troika could be considering a Greek debt haircut aimed at reducing the country’s massive debt load, arguing that it would not be economically viable nor legally plausible.
