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Chinese Whispers Intensify After ‘Mysterious Disappearance’ Of Nation’s Next Leader
“Where is Xi Jinping?” – that was the question on most Chinese lips and China observers on Monday after the nation’s Vice-President, and presumed leader-in-waiting, failed to show up...
France’s Richest Man Seeks Belgian Citizenship Ahead Of ‘Wealth Tax’
Bernard Arnault, the richest man in France and the fourth richest man in the world, has applied to be a naturalised Belgian citizen ahead of a 75 percent tax...
Spain’s Most Indebted Region Gambles On Casino Complex To Reinvigorate Economy
The Spanish region of Catalonia, with an estimated debt of around 42 billion euros ($53 billion), has announced plans to build a 4.8 billion euro ($6 billion) casino and...
China Announces $2.2 Billion Subsidy Scheme For Energy-Saving Appliances
China’s Finance Ministry will provide up to 14 billion yuan ($2.2 billion) in subsidies to buyers who purchase energy-saving products, including computers and air-conditioners, said a report by Xinhua...
EU Banking Supervisor Could Be Ready By Early 2013
The European Union’s financial services commissioner, Michel Barnier, is ready to unveil his proposal for a single banking watchdog across the entire eurozone, said a report by AFP on...
Greece Gets Creative To Catch Tax Evaders
Greek tax inspectors have been staking out island resorts and rock concerts in order to track tax evaders for unpaid fines and assets, said a report by Reuters on...
UK Education Watchdog Urge Elite Universities To Admit More Poor Students
The head of the Office for Fair Access (OFFA) in the U.K., a non-departmental public body dedicated to promoting equitable access for undergraduate applicants, has called on the top...
US Health Care System Wastes $750 Billion Annually: Report
Roughly 30 percent ($750 billion) of all medical spending in the U.S is wasted on unnecessary treatments, poor administration, fraud and other forms of pervasive inefficiencies each year, claimed...
ECB Defies Germany With Unlimited Bond Buying Plan
In the European Central Bank’s (ECB) strongest commitment to date to tackle the European debt crisis, ECB President Mario Draghi pledged on Thursday to buy unlimited amounts of government...
China To Spend $126 Billion On New Railway Projects
China’s National Development and Reform Commission (NDRC), the nation’s top economic planning agency, has approved the construction of 25 new railway projects that will cost more than $126 billion...


