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Germany Urged To Flex Military Muscle
U.K.’s Defence Secretary Philip Hammond has called on Germany to play a more active role in global military affairs, said Reuters on Tuesday, as Germany’s “historic reluctance” to engage...
Thousands Of UK Civil Servants Implicated In Tax Evasion Probe
More than 2,000 senior public officials in the United Kingdom may have benefitted from a controversial pay deal scheme, which allowed them to lower their personal tax bills, said...
Tokyo Residents Donate $1 Million To Buy Disputed Islands
Tokyo’s city government has raised nearly $1 million from its citizens in order to buy a small chain of islands in the East China Sea, which have been at...
Pig Poo Poised To Power China
Pig faeces could be China’s next big energy source, claimed a report by Reuters on Wednesday, following the invention of a bioreactor called “PooCareTM”, which is able to convert...
Bank Of England Admits Failure To Warn Of Financial Crisis Risks
Bank of England Governor Sir Mervyn King has conceded for the first time that U.K.’s central bank should have properly identified and warned about the risks facing banks in...
Singaporean & Canadian Banks Dominate List Of World’s Strongest Banks
Singapore’s Oversea-Chinese Banking Group (OCBC) has once again been named as the world’s strongest bank by Bloomberg Markets magazine, with two other Singaporean banks included in the top ten,...
S&P Lifts Greece’s Credit Rating Out Of Default
International credit rating agency Standard & Poor’s has upgraded Greece’s credit rating from SD (Selective Default) to CCC, said the Wall Street Journal on Wednesday, with the rating agency...
Wal-Mart Ordered To Compensate Thousands Of Employees For Unpaid Overtime
Wal-Mart Stores Inc, the world’s largest private employer, has been ordered to pay $4.8 million in back wages and damages to more than 4,500 of their employees across the...
South Sudan Chief Negotiator Questions China’s Commitments
China should take a more proactive role to resolve the Sudan-South Sudan crisis, said South Sudan’s chief negotiator Pagan Amum on Tuesday, who criticised the Chinese government for being...
Airline Buys Oil Refinery To Make Own Jet Fuel
U.S. carrier Delta Air Lines will pay $150 million for their very own oil refinery in Pennsylvania, after claiming that the move could save the company around $300 million...


