Daniel Ritort

Yearly Archives: 2012

Hollande’s 75% tax overturned by French Constitutional Council

France’s Constitutional Council has struck down a top income tax rate of 75 percent introduced by Socialist President Francois Hollande. Hollande’s government said it would rework the tax, due to take effect in 2013, to meet the Constitutional Council’s complains. … Continue reading

IMF in talks with Egypt to resume financial aid

International Monetary Fund and Egypt will soon resume talks over 4,800 million Dollars loan to shore up the Egyptian economy. Previous talks were suspended because of political turmoil over a new Egyptian constitution. Hisham Kandil, Prime Minister of Egypt, said … Continue reading

Japanese data shows weak economy development

Japan has reported weak economy data, industrial output fell in November as demand for exports continued to slow. Unveiled data underlines the challenges the new government faces in reviving growth in the world’s third-largest economy. Consumer prices also dipped, indicating … Continue reading

China approves stricter control over internet navigation

China has tightened its rules on internet usage to enforce a previous requirement that users fully identify themselves to service providers. The announcement is seen as evidence that China’s new leadership views the internet as a threat. The move is … Continue reading

South Korea forecast lower growth rate

South Korea has cut its growth forecast for 2012 and 2013, it underlined the effect of a slowdown in its key export markets on its growth. The slowdown in demand for exports has hurt growth in Asia’s fourth largest economy. … Continue reading

World’s longest high-speed train launched in China

China launched today the world’s longest high-speed rail route, more than 2,000 kilometers to connect Beijing and Guangzhou. The super-fast rail network is the latest milestone in China’s rapid, and sometimes troubled, economic development. The opening of the new 2,298-kilometre … Continue reading

Brooklyn is New York’s start-up hub

The New York borough of Brooklyn has become a hub for the Big Apple’s cutting-edge crowd. Among them are a new generation of entrepreneurs kick-starting successful new businesses despite the economic gloom. Antonio Ramos, a medical chemist from Brooklyn, said … Continue reading

Mario Monti said he is available to lead Italy

Mario Monti, Prime Minister of Italy, said he isn’t siding for now with any party in upcoming elections. But he also added that he remains available to head a future Italian government committed to his proposed reforms. Italian elections are … Continue reading

LSE agrees buying LCH.Clearnet at a lower price

The London Stock Exchange has agreed to buy LCH.Clearnet, the European clearing house, in a deal worth about 340 million Euros. The London Stock Exchange has lowered the price by 100 million Euros from its original offer price. The London … Continue reading

US to sell its GM stake

The United States government has announced it is selling its remaining 26.5 percent stake in General Motors. The United States Treasury spent 49,500 million Dollars bailing out General Motors in 2008 and 2009. At that time, the United States and … Continue reading

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