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India Defends Its Pharmaceutical Industry After Tainted Drug Scandal
India on Monday defended its lucrative and booming generic drugs industry as “safe” and “highly regulated”, after the country’s largest drug maker Ranbaxy pleaded guilty last month to U.S....
Japan Pledges $32bn in Africa Aid, Seeks to Balance China’s Influence in the Region
Africa will become the global engine of growth in the coming decade said Japan Prime Minister Shinzo Abe on Monday at the end of a three-day African development conference...
China Accuses US of Prejudice amid Call for Full Tiananmen Disclosure
China has accused the United States of “political prejudice” and “ignoring facts” after the U.S. State Department on Friday called on the Chinese government to fully account for those...
Andorra to Introduce Income Tax for the First Time
The tiny landlocked nation Andorra is poised to introduce a personal income tax for the first time, effectively putting an end to its status as a tax haven as...
Key Economic News to Watch This Week: June 3
Syria is expected to top the agenda during a meeting of EU officials and Russian president Vladimir Putin on Monday. Later this week, Chinese president Xi Jinping meets with...
Abenomics Beginning to Work, Says IMF
The International Monetary Fund on Friday gave its full backing to Japan’s use of ‘Abenomics’, adding that it is “beginning to work”, but warned of significant downside risks to...
“Blockupy” Protestors Target ECB and Banks in German Austerity Protest
Thousands of activists from the anti-capitalist “Blockupy Frankfurt” movement will descend in the German financial capital on Friday, targeting the European Central Bank and other financial institutions to protest...
Apple Co-Founder Hits Out At Company’s ‘Unfair’ Tax Practices
Steve Wozniak, the co-founder of tech giant Apple Inc alongside Steve Jobs and Ronald Wayne, has described recent criticism of the company’s taxes practices as “extremely warranted” and have...
Putin “Friends” Accused Of Embezzling $30 Billion From Winter Olympics Funds
Officials and businessmen close to Russian president Vladimir Putin have embezzled as much as $30 billion from funds allocated for next year's Winter Olympics in Sochi, alleged opposition figures...
Richest 20% to Benefit Most From US Tax Breaks: CBO
More than half of the biggest U.S. tax breaks will benefit wealthier households significantly more than lower income ones, a new study from the nonpartisan Congressional Budget Office revealed....


