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17846 articles published since 08 Mar 2022

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OECD calls for higher property taxes to fight debt
OECD calls for higher property taxes to fight debt

The OECD slightly raised its world economic growth forecast for 2024 on Wednesday but called for higher property and environmental taxes to combat soaring debt in many countries. "On the revenue side, efforts to eliminate distortive tax expenditures and enhance revenues from indirect, environmental and property taxes are called for in many countries," the organisation said.

Britain's Rightmove rejects higher £6.1-bn Murdoch bid
Britain's Rightmove rejects higher £6.1-bn Murdoch bid

British property website Rightmove said Wednesday it had rejected a third "unsolicited" proposal, worth £6.1 billion (US$8.2 billion), from REA Group, the Australian peer majority-owned by Rupert Murdoch's News Corp empire. The first takeover proposal was priced at £5.6 billion.

Cuts, cash, credit: China's latest bid to jumpstart flagging economy
Cuts, cash, credit: China's latest bid to jumpstart flagging economy

China this week unveiled a bundle of new measures aimed at kickstarting its economy, which has been battered in recent years by unprecedented headwinds including a property sector crisis and sluggish spending. The raft of measures, including the cuts, are considered the boldest in years as Beijing aims to revive economic activity.

Leftist Sri Lanka leader stuck with painful IMF deal: analysts
Leftist Sri Lanka leader stuck with painful IMF deal: analysts

Sri Lanka's new leftist leader has little room to renegotiate an IMF bailout that threw a lifeline to his bankrupt country but imposed punishing and unpopular austerity measures, analysts say. - 'Best interest of the country' - Dissanayake's predecessor, Ranil Wickremesinghe, was voted out of office after doubling income taxes and imposing other reviled austerity measures.

Atletico Madrid president splits time between football and film
Atletico Madrid president splits time between football and film

Enrique Cerezo is best known in Spain as the longtime president of Atletico Madrid football club, the less glamorous cross-town rivals of Real Madrid. Success in the two fields is measured differently, said Cerezo, who has led Atletico Madrid to six European titles and four Spanish ones since he took over as president of the Spanish first division side in 2003.

Outdated rules, limited metro collide for 'unbearable' Athens gridlock
Outdated rules, limited metro collide for 'unbearable' Athens gridlock

Straining to squeeze his taxi between two hulking trucks blocking an Athens street, 66-year-old cabbie Damianos says he's never seen traffic congestion in the Greek capital this bad. According to transport ministry data analysed by AMVIR, there are over 2.2 million cars in the greater Athens area, in addition to over 16,000 taxis and tens of thousands of trucks of various sizes.

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