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 Deutschland über alles |
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Feb 24, 2013: When Britain's House of Commons meets on Feb 25, 2013, Prime Minister David Cameron should open the session with a concession that would go like this; "Meine Dame und Mein Herr, Deutschland über alles." (Ladies and Gentlemen, Germany is above all) and go on to explain why the country lost its triple AAA rating.
Meanwhile, Germany Chancellor Angela Merkel ... |
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| AXP to reduce workforce by 5400 |
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Jan 11, 2013: Credit Card giant American Express (AXP) will reduce its global workforce of 63,500 by 5,400 at the end of 2013. AXP reported an estimated $600m of after tax charges in the fourth quarter of 2012. The charges were lower than the projected 1.2bn for the quarter.
The cuts will affect AXP travel business, which is being overhauled as a result of the digital revolutio... |
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| Argentina’s Kirchner will fly on British jet to avoid debt seizure |
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Jan 09, 2013: After a heated wrangle with the Ghanaian authorities to free the Argentine Navy training ship, the "Libertad," which was seized at the request of NML Capital, a Cayman Islands investment firm, President Cristina Kirchner has opted to charter a private jet for a planned four-nation official visit, fearing that her official aircraft might be impounded in a debt dispute ... |
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| BP ordered to $4.5bn in US fines |
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Nov 16, 2012: British petroleum (BP) has agreed to pay 4.5 billion in fines for criminal neglect after pleading guilty for the 2010 Deepwater Horizon oil spill in the Gulf of Mexico. The fines is largest in US history.
In a statement BP said on Thursday that it had agreed to pay more than $4.5 billion in US fines. The fine includes $1.26bn to wildlife and science organizations. In a... |
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| It really is arithmetic, not calculus: Obama |
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Nov 15, 2012: US President Obama has urged on Wednesday lawmakers to allow the Bush era tax-cuts expire and let the wealthiest Americans pay a fair share on income over $250,000 and more. "A modest tax increase on the wealthy is not going to break their backs," the President said. "They'll still be wealthy."
Mr. Obama called for expedited legislation that guaran... |
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| Become a Hungarian for $300,000 |
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Nov 1, 2012: In a scheme that is likely to irritate other European Union (EU) member states, Hungary plans to offer non EU nationals permanent residence if they can buy 250,000 euros' roughly worth $300,000 of government bonds.
The move is seen as an appeasement to Chinese business tycoons, who have complained that it was difficult getting visas to enter Hungary, and a rebuke of the In... |
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