French President Francois Hollande warned Google CEO Eric Schmidt on Monday that his government could impose a new legislation next year that would effectively force Google’s search engine to pay for the ‘right’ to cite French news articles.
Russian President Vladimir Putin has ordered Gazprom, the country’s pipeline gas export monopoly, to build a 3,200km pipeline from East Siberia to the Pacific port of Vladivostok, reported Reuters on Monday, in an attempt to reduce the nation’s reliance on exports to Europe and develop closer ties with Asian customers.
Chinese investors evading government controls have channelled $3.79 trillion in illicit financial outflows from 2000 through 2011, according to a report by Global Financial Integrity. In 2011 alone, China lost over $600 billion – more than any other country in the last ten year period.
At the same time, the group also found that a significant part of the illicit outflows from China is “round-tripped” back to the country as recorded foreign direct investment, disguised to win tax breaks and other incentives from the government.
The month of November brings us a lot closer to the highly-anticipated political events of the year. The 57th quadrennial presidential elections will be held on the 6th of November, while China’s ruling Communist Party will hold a congress to appoint a new generation of central leaders from November 8. How will these events affect the markets?
A Greek journalist has been arrested for publishing a list of more than 2,000 wealthy Greeks, including several politicians and prominent business leaders, who had all allegedly stashed funds in Swiss bank accounts, reported Reuters on Sunday.
Kostas Vaxevanis, the editor of the Hot Doc weekly magazine, was reportedly arrested in Athens over the weekend after police had stormed his house while he was in the middle fo a live radio interview.
Nearly one-fifth of all hired staff in the U.K. are paid less than the nation’s standard ‘Living Wage’, claimed a study by KPMG on Monday, with some 47 percent of those surveyed expecting their finances to worsen over the next year.
The extended family of outgoing Chinese Premier Wen Jiabao has controlled assets worth at least $2.7 billion, according to a New York Times exposé which cited corporate, regulatory records and unidentified people familiar with the family’s investment history.
In a seven-page exposé on one of China’s top politicians, the New York Times gave an account of how the family of Wen Jiabao, a populist leader often referred to as “Grandpa Wen” by the press, had become “extraordinarily wealthy” during his time in office.
Californians have been asked to consider putting an end to the death penalty. However, the issue surrounding the campaign does not have much to do with human rights or moral grounds, but rather with the question of cost.
According to a report by Reuters, proponents of repealing the death penalty say the system, with mandated appeals that can take decades, is so costly that it is putting a strain on the state’s already troubled finances.
Tablets are ultra portable tools that create flexible learning environments and provide an instantaneous access to information, but can they help give job seekers and students gain a competitive edge by helping them learn new skills?
In the current job market, learning new skills can be a valuable advantage for job seekers. The good news is, advances in technology have improved the learning process tremendously, making education more affordable, accessible and portable.
Would a tablet be suitable for you? Find out more with this infographic.
The UK has posted its strongest quarterly growth in five years, recovering from a recession in the third quarter thanks to the London Olympics spending boost.
The UK emerged from its longest double-dip recession since the World War II after the economy grew 1 percent between the second and third quarters, beating forecasts for a 0.6 percent gain, after shrinking by 0.4 percent between April and June.
The unexpected return to growth came as a relief for the coalition government who has come under fire for its austerity programme.
