Varoufakis Engineers Tax Hack to Create Parallel Payments System
A secret Greek Finance Ministry cell has successfully planned a parallel payments system that enables users to easily switch to Drachma from Euros. The cell could create such a system only after hacking government computers, a fact that has put
Read MoreChina Creates New Regulations for Internet Finance Companies
According to financial analysts, China’s latest Internet finance laws reflect its support of incumbent banks. Earlier this month, China’s banking regulator, securities regulatory, and banking regulator, along with seven other agencies created guidelines to help define “Internet finance” and identify
Read MoreNew Man at the Top for Ladbrokes Coral
Earlier this week, it was announced that Ladbrokes and the Gala Coral Group who between them own and operate thousands of land based betting offices and casinos are to merge to become one company, and that news did come as
Read MoreFinance Minister States Canada Not in Danger of Recession
Joe Oliver, the finance minister of Canada, is quite optimistic about his country’s economy. Insisting that Canada is not facing a recession, he said that the country will close the current fiscal year on a positive note. He recently told
Read MoreSenate Finance Committee Introduces Tax Extension Package
More than 50 tax breaks have been extended for two years thanks to a bill that got 23 to 3 votes at the Senate Finance Committee meeting. Representative Orrin Hatch, the chairman of the Senate Finance Committee, and Ron Wyden,
Read MoreFinance Ireland to Raise €230 Million in Debt and Equity Funds
Finance Ireland, a financial services company based in Ireland, is now trying to raise equity and debt funds worth €230 million to facilitate growth. The company, which is privately owned and managed by Billy Kane, the former chief executive officer
Read More17 Sustainable Development Goals Agreed on at UN Conference
Over 100 countries have agreed to fund a wide range of development projects related environmental issues, eradication of poverty, and others by 2030. But they have not granted adequate powers to an international tax body to force giant firms in
Read MoreUK Savers Turning to Forex Trading
In 2005 the average UK citizen stashed away into saving accounts just over £65 each on average each month however despite the current very low interest rates ten years later that figure is now almost £105 per month. That does
Read MoreUK Set for an Interest Rate Rise?
There was something of a warning issued yesterday by Mark Carney who is the UK’s Governor of the Bank of England, for whilst in a meeting with MP’s sitting on a Treasury Select Committee he quite clearly stated that he
Read MoreChinese Firm Wanda Announces Six New Acquisitions
The Chinese property firm Dalian Wanda has announced that it plans to create a financial holdings company and acquire new firms while stepping out of the real estate sector. The Hong Kong listed private company said that it would acquire
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