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China To Bankroll Construction Of Entire New City In Belarus
China will spend close to $5 billion to build an entire city from scratch in the forests near Minsk, the capital of Belarus, reported Bloomberg on Sunday, with the...
ECB Offers to Assist in Design of Controversial Financial Transaction Tax
The European Central Bank has offered to assist the EU in the redesign of its planned financial transaction tax (FTT) to ensure the levy does not destabilise financial markets,...
Japan Gives Myanmar $504 Million Loan, Forgives $1.7 Billion Debt
The Japanese government on Sunday agreed to grant Myanmar nearly $503 million in fresh development loans, while cancelling about $1.74 billion in debt remaining from pre-1988 contracts, reported the...
Key Economic News to Watch This Week: May 27
The UN Security Council meets later this week to discuss a possible Cyprus reunification following talks with leaders of Greek and Turkish sides of the divided Mediterranean island. Officials...
Brazil To Write Off Or Restructure $900 Million Of African Debt
Brazil has offered to cancel or restructure nearly $900 million in debt owed to it by African countries, according to a Reuters report, in its latest effort to boost...
EU Backs US-Led Tax Evasion Crackdown
European leaders have thrown their weight behind a growing momentum on tax evasion crackdown, backing U.S.-led efforts to develop a new global template to end corporate tax scandals and...
Millions Falling Into Poverty As Italy Endures Recession and Soaring Unemployment
Almost 15 million people, or a quarter of the population, in Italy were living in some form of economic hardship at the end of 2012, as the eurozone’s third...
Brazil Freezes $13.7 Billion In Government Spending To Meet Fiscal Target
The Brazilian government on Wednesday announced that it would freeze up to 28 billion reais ($13.7 billion) in obligatory and discretionary spending this year, following weak economic growth forecasts...
Kurdish Crude Exports Via Turkey To Rise By 50 Percent Next Month: Report
Iraqi Kurdistan, officially a federal entity of Iraq, will independently export nearly 60,000 barrels per day (bpd) of crude oil through Turkey by the end of June, reported Reuters...
Ireland Rejects Blame for Apple’s Tax Evasion
Ireland on Tuesday said it was not to blame for Apple’s low U.S. tax payments and had no special rate agreement with the company, a day after the a...


