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Infographic: How Much Do Presidential Elections Cost?
Presidential elections have never cheap but the cost of running a campaign has been increasing steadily. With budgets bordering a mega-corporation’s, it is no surprise that presidential campaigns spend...
China Claims Copyright Piracy Problem “Distorted”
China has hit back at critics and Western media outlets that exaggerate and “distort” the reality of copyright piracy in the Mainland. Speaking at the sidelines of the Communist...
Denmark Scraps Controversial “Fat Tax” After a Year
Denmark has repealed the world’s first “fat tax”, a tax on foods which are high in saturated fat, after Copenhagen found that it had inflated food prices and put...
Key Economic News to Watch This Week: November 12
Eurogroup finance ministers are expected to review the so-called troika report on Greece and come up with a bailout extension decision this week. Unless another bailout agreement and extension...
ECB Says it is “By and Large Done” Saving Greece
European Central Bank chief Mario Draghi yesterday said that the bank has exhausted all legal means when it comes to helping Greece and added that the onus of helping...
Tax Hike for Wealthy Not Likely to Hurt Growth, Says Nonpartisan CBO
America’s budget watchdog, the nonpartisan Congressional Budget Office, has said in a new report that letting the Bush-era upper-income tax cuts expire automatically would barely affect the economy. Studying...
WHO Urges China To Raise Taxes On Tobacco
The World Health Organisation (WHO) has advised the Chinese government to increase its present taxes on tobacco, reported the China Daily on Friday, with nearly 1.2 million Chinese dying...
Iran Bans Imports Of 75 “Luxury Goods” – Including Toilet Paper & Coffee
The Iranian government on Thursday announced a temporary ban on all foreign imports of 75 so-called “luxury goods”, including high-end cars, coffee and even toilet paper, reported the Associated...
China Promises Economic Reforms As Political Transition Begins
China’s ruling party has restated its commitment to economic reforms and development with outgoing President Hu Jintao promising continuity as a new generation of anointed successors prepare for a...
Merkel Warns the UK against Turning its Back on the EU
German Chancellor Angela Merkel has urged the UK not to turn its back on the European Union and insisted that she wanted to see a strong Britain remain part...


