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EU to Impose Further Caps on Bank Bonuses
European Union officials are considering further curbs on bankers’ remuneration, banning upfront cash bonuses that exceed annual salaries. The move is backed by a majority of nations including Germany...
Key Economic News to Watch This Week: February 18
Barely two weeks remain before $1.2 trillion of automatic budget cuts are triggered should US politicians fail to reach a deal on the so-called sequester. Over in Europe, elections...
Chinese Consumers Spend $86 Billion Over Lunar New Year Holiday
Chinese consumers rang in the Year of the Snake by spending over 539 billion yuan ($86.3 billion) from Lunar New Year’s eve until the 6th day of the Chinese...
UK Ministers To Challenge Royals’ Tax Exemptions
The finances of the British Royal Family may come under scrutiny by the government later this year, reported The Guardian last week, after a group of MPs challenged the...
US Rejects EU’s Planned Robin Hood Tax
The United States has criticised the European Commission’s proposal to introduce an international financial trading tax, arguing that the so-called Robin Hood tax overreaches borders and flouts international treaties...
Foreign Investors May Sue Spain Over Renewable Energy Cuts: Report
Foreign investors in renewable energy projects in Spain are considering legal action against the government for cutting subsidies on alternative energy technologies, reported Reuters on Thursday, after claiming that...
Infographic: How the Internet Gender Gap Affects Women
Cheap and open access to the internet is one of the main equalising tools of our generation. Unfortunately, considerably fewer women have access to the internet than men, especially...
U.S. Tax Whistleblowers Snag Record $125.4 Million In Payouts Last Year
The U.S. Internal Revenue Service (IRS) last year paid a record $125.4 million to whistleblowers who provided evidence of tax cheating, reported Reuters on Wednesday, though most of the...
IMF Tells Europe to Speed Up on Banking Union
The eurozone must act quickly towards setting up a single banking regulator to oversee banks across all 27 European Union states as policy paralysis or backsliding in the current...
Shale Oil to Boost Global Economy by $2.7tn Annually
Shale oil production could add $2.7 trillion to the global economy annual by 2035 while pushing global oil prices down by as much as 40 percent, according to a...


