The Indonesian government is set to omit the English language as a subject from primary school education as part of a curriculum overhaul to come into effect next year, reported the Jakarta Post on Thursday.
According to Deputy Education and Culture Minister Musliar Kaslim, the move was necessary to allow students to master the Indonesian language first before learning other foreign languages.
When Solenne San Jose, an unemployed child minder living in south-west France, decided to end her phone subscription last month, she had no idea just how much her decision would have cost her.
Speaking to her local paper Sud Ouest, San Jose said that she “nearly had a heart attack” after she received a bill costing 12 quadrillion euros ($15.5 quadrillion) from her telecom company; though the company has since waived the bill entirely on the account of a computing error.
The Spanish Red Cross has made a public appeal for donations as it struggles to cope with the country’s growing pool of vulnerable people.
The first campaign of its kind, the Red Cross in Spain is raising funds to help people in the country worst affected by the economic crisis.
Related News: Spain’s “Indignants” Move beyond Protests to Providing Food Aid for Needy
China will only stand to “lose out” by boycotting this week’s global economic meetings in Tokyo, said International Monetary Fund Managing Director Christine Lagarde today.
Lagarde made the comments today, after two senior Chinese financial officials cancelled their trip to Tokyo amid a territorial dispute with Japan.
Tokyo is host to a series of global economic meetings held this week, including the IMF, the World Bank as well as the G7.
Global rating agency Standard & Poor’s warned on Wednesday that India still faced a “one-in-three” chance of a credit rating downgrade within the next two years, despite last month’s blitz of new economic reforms to boost the sharply-flagging economy.
European banks may need to sell as much as $4.5 trillion in assets through 2013, if political leaders fail to quell the current fiscal crisis, said the International Monetary Fund in its latest Global Financial Stability Report on Wednesday.
It is possible to save the world from the comforts of your home. For starters, if every household in the United States replaced one incandescent bulb with a compact fluorescent bulb, we would have enough energy to light 3 million homes for a year.
At the same time, that would generate approximately $600 million in energy cost-savings each year, while reducing greenhouse gas emissions by 9 billion lbs.
An industry survey has found that almost half of Wall Street employees are looking forward to higher bonuses this year.
A survey by eFinancial Careers has found that 48 percent of Wall Street workers are anticipating higher bonuses this year. That’s an increase from last year, when the survey found that 41 percent believed their bonuses would jump.
Foreigners working in Singapore are earning more than those living in any other part of the world, claimed a new study by HSBC Bank this week, with more than half (54 percent) of Singapore-based expatriates having an annual income of above $200,000.
According to the Expat Explorer 2012 Survey, almost three-quarters (74 percent) of expats who moved to Singapore witnessed an improvement in the financial status of their household upon relocation, while four out of five Singapore-based expats saw an increase in their disposable income.
The Iraqi government is set to purchase more than $4.2 billion in weapons from Russia in what would be the first major arms deal between the two countries since the fall of Saddam Hussein, reported Reuters and Bloomberg News on Tuesday.
