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Saudi Energy Subsidies “Causing Enormous Damage” To Economy, Warns Minister
The Saudi Arabian government may cut its fuel and electricity subsidies for consumers as a measure to ease the burden on the economy, hinted a top finance official on...
UK Child Poverty To Rise By 1.1 Million By End Of Decade: Report
Nearly one in four British children – 3.4 million – could be living in relative poverty by 2020, warned an independent think-tank on Tuesday, taking the nation’s child poverty...
Greece Must Tackle Rampant Tax Evasion: IMF
Debt-laden Greece has made tremendous progress to improve its finances but must do more to fight its “notorious” tax evasion if the country is to remain on course to...
US Regulators to Consider Bitcoin Supervision
Senior officials at a top US derivatives regulator are considering whether to place Bitcoin under its supervision after the virtual currency collapsed in value last month. According to a...
South Africa Unemployment Rate Climbs To 25.2 Percent
More than a quarter of South Africa’s labour force are now out of work, according to official statistics published on Monday, as the country continues to struggle with the...
China Pressuring World Bank Into Watering Down Key Report: FT
China is leading an international effort to eliminate the ranking of countries in the World Bank’s Doing Business Report, claimed the Financial Times on Monday, after officials last year...
Key Economic News to Watch This Week: May 6
The Group of 7 nations will meet in the UK later this week where discussions will focus on combating tax evasion as well as whether austerity policies are the...
EU To Propose Punitive Duties on Chinese Solar Panels
European Union Trade Commissioner Karel De Gucht is expected to recommend punitive duties of between 40 to 60 percent for Chinese solar panel manufacturers after investigations reveal that they...
YouTube May Launch Paid-Subscription Model: Report
Popular video-sharing website YouTube may begin charging its users for premium, “specialist” content, reported the Financial Times on Sunday, in order to help content creators develop a wider range...
Bangladesh To Work With ILO On Labour Reforms After Factory Deaths
The Bangladeshi government will collaborate with the International Labour Organisation (ILO) on a plan to improve workers’ rights and safety, reported Bloomberg News on Sunday, after the death toll...


