Category: News Desk

Infographic: Will The Electric Car Change The World?


The re-emergence of the electric car could play a significant role in the future of the global economy. Besides its obvious impact to the automobile industry, the rise of electric car can also influence several related industries and issues, including: the lithium industry, the energy industry and global environmental concerns.

Check out this infographic by Vroomvroomvroom, which explores the economics of the electric car and asks whether electric vehicles can actually change the world.

EU Seek WTO Approval For $12 Billion In Yearly Sanctions On US Over Boeing-Airbus Row


The European Union will ask the World Trade Organisation for authorisation to impose up to $12 billion in annual trade sanctions on the U.S. for illegal subsidies made by the U.S. government to the Boeing Company, said a report by the Associated Press on Thursday, in the latest twist of a long-running EU-U.S. row over their respective aviation companies.

L’Oreal Chief Criticises Planned 75% Income Tax


L’Oreal Chairman and Chief Executive yesterday criticised the French government’s plans to introduce a 75 percent marginal income tax rate, arguing that it would make it difficult if not impossible for France to attract top talent should the plan go ahead.

Jean-Paul Agon, the chief executive of the world’s biggest cosmetics company L’Oreal, told the Financial Times yesterday that French President Francois Hollande’s plan for a 75 percent tax on earnings over 1 million euros will hurt France’s competitiveness.

$2bn Loan from China Delayed By US Tax Policies


 

A loan worth nearly $2 billion from the China Development bank is being delayed as concerns over the effect of tax policies in the United States surface.

The China Development Bank is known for its generous loans to Chinese state-owned companies but, as part of its commercialisation process, has in recent months been involved in some of the largest private and commercial deals in Asia.

One In Five U.S. Households Affected By Student Debt: Study


A record number of American households are now burdened by student loan debts, claimed a new study by the Pew Research Center, with outstanding student loans now topping $1 trillion, while rising tuition costs continue to weigh down students’ education.

German Catholics Ordered To Either Pay ‘Religion Tax’ Or Leave The Church


Germany’s Roman Catholic population must pay a special ‘religion tax’ of around 8-9 percent of their annual income tax bill or risk being excommunicated from the church, reported Deutsche Welle on Wednesday, after a German court sided with the nation’s bishops in a bitter defeat for grass-roots Catholics and conservative church campaigners.

Infographic: The Dirty Secrets behind Campus Credit Cards


With evolving technology, the student ID card is becoming more versatile. For example, colleges have partnered with financial institutions, enabling students to make financial transactions using their IDs, both on- and off-campus. While this all sounds convenient, could this be unfair to students? Find out why from our infographic exploring the campus debit card trap.

Berlusconi Accuses Monti of Caving In To German Pressure


Former Italian Prime Minister Silvio Berlusconi has hit out against his successor Mario Monti, criticising Monti of caving in to German pressure when he imposed austerity reforms.

Berlusconi, who turns 76 on Saturday, said in an interview with L’Huffington Post that Monti’s policies were “exclusively recessionary” and added that Germany should drop its austerity drive or leave the euro altogether. 

China Central Bank Makes Record $46 Billion Injection Into Money Markets


The People’s Bank of China (PBOC), China’s central bank, added a record 290 billion yuan ($45.96 billion) into its financial system on Tuesday, reported Reuters, through a series of reverse bond repurchase agreements aimed at easing a potential cash crunch coming from an upcoming week-long holiday.

Germany Hits The Brakes On High-Frequency Trading


The German government is set to become one of the first in the world to impose strict limits and regulations on the practice of high-frequency trading (HFT), reported the New York Times on Monday, as concerns continue to grow over HFT impact on stock market volatility.