Papua New Guinea Prime Minister Peter O’Neill has threatened to sack everyone in his finance department over a $32 million scam involving top officials and lawyers, reports said Thursday.
The head of Germany’s Bundesbank, Jens Weidmann, said France needs to make additional efforts to reduce its public deficit, in an interview published Wednesday.
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The Vatican on Wednesday said it was a “credible partner” in the struggle against money laundering as it published its first-ever report on efforts to meet international rules on suspect financing.
Leaders of recession-hit Europe take a fresh stab at fighting tax fraud and evasion worth a trillion euros a year at a summit Wednesday but seem unlikely to convince reluctant Austria and Luxembourg to sign on.
Mexican phone giant America Movil, owned by billionaire Carlos Slim, announced Monday that its US unit reached a deal to acquire US mobile phone company Start Wireless Group.
The latest draconian measures to shore up the Portuguese economy will make matters worse and the government should break the agreement with the IMF and European Union or obtain better terms, an opinion poll found on Monday.
Asian shares rose on Friday, led by fresh gains in Tokyo on growing expectations for Japan’s economic recovery on the back of its government’s economic measures.
Qatar’s sovereign wealth fund has bought a 40-percent stake in a new 290,000-square metre skyscraper project near the centre of Milan with a commercial value of 2.0 billion euros ($2.6 billion), the companies said on Friday.
The eurozone crisis has eased markedly from one year ago when some doubted its very survival, Luxembourg Prime Minister Jean-Claude Juncker said Thursday, playing down hopes however of progress on tax evasion at next week’s EU summit.
Thursday, May 23, 2013
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