Word: ministere
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After years of watching Europe's single currency appreciate against the U.S. dollar, European companies are rubbing their hands at the sales boost they should get from the euro's 10% decline against the greenback in recent weeks - a slide that may not yet be over. "After so much protest...
These revelations come as the financial meltdown has punched a huge hole in projected revenues for governments, which are suddenly a whole lot less tolerant of tax cheats. That's particularly true in Germany, whose wealthy account for a significant portion (at least 10%) of the $1.8 trillion in Swiss...
"This is about defending life and we aren't going to change one comma of this decree," said Bolivia's Minister of Government Sacha Llorenti after the transport workers announced their strike. Ground transportation in Bolivia is covered by collectives and private companies who hire drivers to operate minibuses (each...
Last year British Prime Minister Gordon Brown raised his country's top marginal rate for income tax to 50% from 40%. This came on the heels of a decision to borrow more than $1 trillion over the next five years, bringing his country's public debt to 79% of GDP...
Of course, investors' nerves are based on the idea that a clear election winner would create the best conditions for tackling that treacherous shortfall. While it's a reasonable assumption, it's hardly foolproof. Prime Minister Gordon Brown has little credibility left when it comes to the economy following his...