Top French court approves 75% company tax on high salariesFrance's top court Sunday approved a proposal for companies to pay 75 percent tax on annual salaries exceeding one million euros in line with President Francois Hollande's drive to limit executive pay at a time of economic hardship.
30 December 2013
Fireworks but no joy as Latvia joins eurozoneFireworks will light up the skies above Riga when Latvia adopts the euro on January 1, but on the ground the feeling will be far from festive among those fearing the impact of the switch.
Hit like ton of BRICS: 2013 tough year for emerging marketsOnly recently hailed as the saviours of the world economy, emerging markets had a tough year in 2013, hit by slow growth, market instability and social unrest that have worried investors -- though some analysts say the fear is overblown.
12 December 2013
Bailout over but suffering goes on for Ireland's most needyIreland will receive plaudits this weekend when it exits its financial bailout but advocacy groups warn that the most vulnerable in society will still suffer from lingering austerity measures.
12 December 2013
No fear of 'Mandela crash' for Africa's largest economyEconomists slapped down speculation that Nelson Mandela's death could prompt an economic and financial slump in South Africa, but warned the gains he inspired remain fragile.
EU to hold France, Germany to account in push for growthThe EU will this week test a new system to ensure states toe economic rules when it decides whether to challenge eurozone giants Germany and France, over their growth and deficit policies.
Kazakhstan retains GDP growth at 5.1%The economy growth is driven by the growing consumer spending: the country’s retail turnover has grown by 12.3% since the start of the year: Economic Affairs Minister.
23 July 2013
Moody’s Investors Service on Kazkahstan’s 2013 GDPAccording to the rating agency, GDP can be maintained at 5% in 2014, with the growth depending on the giant Kashagan oilfield expected to start commercial production later this year.