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$2bn Loan from China Delayed By US Tax Policies
A loan worth nearly $2 billion from the China Development bank is being delayed as concerns over the effect of tax policies in the United States surface. The China...
One In Five U.S. Households Affected By Student Debt: Study
A record number of American households are now burdened by student loan debts, claimed a new study by the Pew Research Center, with outstanding student loans now topping $1...
German Catholics Ordered To Either Pay ‘Religion Tax’ Or Leave The Church
Germany’s Roman Catholic population must pay a special ‘religion tax’ of around 8-9 percent of their annual income tax bill or risk being excommunicated from the church, reported Deutsche...
Infographic: The Dirty Secrets behind Campus Credit Cards
With evolving technology, the student ID card is becoming more versatile. For example, colleges have partnered with financial institutions, enabling students to make financial transactions using their IDs, both...
Berlusconi Accuses Monti of Caving In To German Pressure
Former Italian Prime Minister Silvio Berlusconi has hit out against his successor Mario Monti, criticising Monti of caving in to German pressure when he imposed austerity reforms. Berlusconi, who...
China Central Bank Makes Record $46 Billion Injection Into Money Markets
The People’s Bank of China (PBOC), China’s central bank, added a record 290 billion yuan ($45.96 billion) into its financial system on Tuesday, reported Reuters, through a series of...
Germany Hits The Brakes On High-Frequency Trading
The German government is set to become one of the first in the world to impose strict limits and regulations on the practice of high-frequency trading (HFT), reported the...
China’s Rich Are Getting Poorer
The number of billionaires in China has fallen for the first time in seven years amid the country’s worsening property and stock market slump, according to the Hurun Research...
IMF Warns of Global Downturn, Urges Europe and US to Grow
International Monetary Fund managing director Christine Lagarde has called for strong and decisive growth plans from policymakers in Europe and the United States, warning that global economic recovery is...
China Opens Library In Tanzania To Teach “Chinese History & Reality”
China’s State Council’s Information Office opened a “China Library” in Tanzania’s capital of Dar es Salaam on Monday, as part of a “cultural exchange” between the two nations aimed...


