Archive : Biz & Economy Buzz

According to the recent news, Irish government has insisted it will not raise the country’s low corporation tax rate in return for a European Union-led bail-out. Deputy Prime Minister Mary Coughlan said the 12.5% rate – much lower than the EU average – was “non-negotiable”....

According to the recent news, Japanese sales of the Toyota Prius have fallen for the first time in almost a year-and-a-half after a government subsidy for buying more eco-friendly cars expired, industry figures suggest. The hybrid remains the country’s most popular car, with 27,249 sold in September,...

According to the recent Economic news, Japan’s export growth slowed for a sixth straight month in August, in a sign that the recovery is losing steam. August’s 15.8% annual rise in exports was well down from a peak in February, when growth rose to 45.3%. The August slowdown came as the yen...

According to the recent news, Central bank governors and senior regulators are meeting in the Swiss city of Basle to agree a deal requiring banks to hold more capital in reserve. At present the “tier one capital ratio” is 4%. The ratio is a measure of banks’ cushion against future losses....

According to the recent global news, Australian economy grew at its fastest pace in three years in the second quarter of the year. The growth was fueled by demand for the country’s iron ore and other commodities, mainly from China. This figures was released last Wednesday, showed gross domestic...

According to the latest buzz, Washington Post is to sell Newsweek magazine to Sidney Harman, 91-year-old founder of audio equipment firm Harman International Industries. He won Newsweek in an auction that included Fred Drasner, ex-publisher of the New York Daily News, and OpenGate Capital, owner of TV...