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Economy

Hungary looks to levy big tax on internet use
Hungary is planning to start taxing internet use by the amount of data individuals downloaded as part of an effort to increase government revenues – and the controversial idea has already sparked outrage online and calls for protest.

22.10.2014 03:44

UK govt to blame for 1.4m children in ‘relative poverty' – charity
One of the UK’s leading charities says the government will fail to reduce child poverty by half in time for its 2020 target, and claims its policies risk creating a “permanently divided” society unless “radical" new approaches are taken.

20.10.2014 15:56

Ukraine and Russia agree on $385 gas price for winter
Moscow and Kiev have confirmed the price of Russian gas to Ukraine until the end of March at $385 per 1,000 cubic meters, according to both Ukrainian President Petro Poroshenko and Russian Foreign Minister Sergey Lavrov.

20.10.2014 13:15

‘Saudi policy of downplaying oil prices to backfire on them’
Saudi Arabia wants to use lower oil prices to pressure Russia to change its stance on Syria, to antagonize Iran, and to force US shale gas out of the market, roving correspondent for the Asia Times Pepe Escobar told RT.

20.10.2014 09:35

'U​ncertainty shock’: Hung parliament and EU referendum threaten UK economy
Investors are concerned about the future stability of Britain’s business environment, warning of a “huge uncertainty shock” if the UK leaves the European Union, or ends up with another coalition government after next year’s general election.

20.10.2014 09:02

Moscow: an innovators paradise
As never before, Russia embodies opportunity, driven by an empowered, upbeat, workforce. Warning: this may run entirely contrary to reports seen elsewhere...

20.10.2014 11:24

Japan minister resigns over misusing govt funds on make-up
Japan’s economy minister has resigned after she was accused of misusing political funds, lavishly doled out on cosmetics, accessories and theater trips which she gave to her supporters.

20.10.2014 06:13

‘No tragedy’ for Russian budget due to current oil prices
Russian President Vladimir Putin has said that the current low oil prices are “no tragedy” for the Russian budget, stressing that they may soon see an upward correction.

17.10.2014 20:03

‘Profit over security’: Business trumps climate targets – Oxfam UK
A “toxic triangle” of political inaction, short-sighted economic policies and profit-driven fossil fuel advocates threaten to raise global temperatures, leaving 400 million people in jeopardy of hunger and drought by 2060, Oxfam UK warned on Friday.

17.10.2014 14:05

Kremlin surprised Poland won’t give Ukraine free coal
Now that Ukraine wants to receive Polish coal, and not Russian gas, free of charge, the Kremlin said it is surprised at Warsaw’s inconsistency towards Ukraine’s energy crisis.

17.10.2014 11:56

Switzerland cuts growth forecast, blames slowing Europe & geopolitical crisis
Even the Swiss economy isn’t immune to the "fragile and vulnerable eurozone" and has cut growth forecasts for this year and next. The government points its finger at weak exports to Germany and geopolitical crisis in Ukraine and the Middle East.

16.10.2014 09:26

Eurozone inflation slumps to 5yr low risking triple-dip recession
Inflation in the 18-member eurozone has dropped precipitously low to 0.3 percent, the lowest since 2009. The European Central Bank missed its 2 percent inflation goal for the 20th straight month.

16.10.2014 13:21

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