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Opposition Leader Tony Abbott says a Coalition government may eventually lower other taxes to offset the burden of its proposed levy on large businesses.
Yesterday Mr Abbott said a new levy on some of Australia’s biggest businesses would be used to fund his ambitious new six-month parental leave scheme.
Business groups have voiced strong opposition to the [...]

London, Sep 14(ANI): The England and Wales Cricket Board (ECB) have admitted that despite the incremental contract, they would not be able to stop star cricketer Andrew Flintoff from hawking his cricketing talents around the world.

Flintoff had announced his retirement from Test cricket at the conclusion [...]

London, July 13 (ANI): Those who say hearing the words ‘I love you’ is priceless, and can never equate with the biggest of luxuries, need to think again, for according to a recent research in a book, these invaluable words have a price tag of [...]

London, July 8 (ANI): Michael Jackson has reportedly left his ex-pet Bubbles the chimp 1.25 million pounds in his will.

According to sources, the late King of pop has left a part of his fortune to Bubbles to make sure the 26-year-old animal lives out his final days in luxury.

The [...]

Peshawar, June 30 (ANI): In the times when Pakistan is facing severe economic hardships, the country’s Prime Minister Yousuf Raza Gilani has given a whopping windfall to all the lower house members by doubling their annual development fund to 20 million rupees.

He gave no [...]

London, May 27 (IANS) Bucking the trend of recession, European football’s Champions League has been successful in pulling more money and the winner in Rome can expect almost 100 million pounds.
The Times of London reported that while the winner can expect to win almost 100 million pounds the loser can earn about 57 million pounds.
The [...]

Wellington, May 26 (ANI): The brazen Kiwi couple who are at the centre of an embarrassing multimillion-dollar bank loan blunder appear to have parted ways in Asia, New Zealand police said Tuesday.

Leo Gao, 29, and his girlfriend Kara Yang, 30, fled New Zealand [...]

ALMOST $1.2billion was paid in bank penalties last year after customers overdrew accounts or fell behind on credit card and loan repayments as the nation headed towards recession.
But as political leaders and consumer groups attacked the fee haul, the banks said it was up to customers to change their behaviour if they wanted to reduce [...]

Jaipur, May 22 (ANI): The ongoing global economic slowdown has given the upcoming artists here an opportunity to improve the quality of their work and sell them at cheaper prices.

Due to the decreasing demand, the artists in Jaipur have more time to concentrate on quality and not quantity of their work.

These artists believe that producing [...]

Raipur, Apr. 15 (ANI): The National Rural Employment Guarantee Scheme (NREGS) mooted by the Union Government has ushered a windfall for many deprived villagers in Chattisgarh.

This ambitious NREGS programme was launched in 2006 to provide employment to the unemployed and landless villagers.

For [...]

BOSASSO, Somalia, April 12 (Reuters) – Somali pirates threatened revenge on Sunday after two separate hostage-rescue raids by foreign forces killed at least five comrades, raising fears of future bloodshed on the high seas.
The latest raid by U.S. forces on Sunday that saved an American hostage and one by France last week have upped [...]

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The Bank of England said Thursday it had held interest rates at a record-low 0.5 percent and had so far pumped 26 billion pounds of new money into the economy under ongoing “quantitative easing.” Skip related content
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Interest rates have already been slashed to a record low 0.5% Enlarge [...]

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The decision to hold rates and keep the pace of QE unchanged has reflected the difficulty of judging the impact of the measures just a month into the process – although Bank of England Governor Mervyn King told MPs two weeks ago that he was “mildly encouraged” by results. Skip related [...]

The Bank of England left interest rates at a record low of 0.5 percent on Thursday and said it would take two more months to complete its 75 billion pound quantitative easing programme to fight recession. Skip related content
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Pedestrians walk past the Bank of England in London Enlarge photo
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The Bank of England on Thursday froze interest rates at a record-low 0.5 percent and vowed to continue pumping out billions of pounds under “quantitative easing” in a bid to crack the recession. Skip related content
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The BoE has slashed rates to breathe new life into the economy Enlarge photo
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Barclays said Thursday it had sold its asset management business iShares to private equity group CVC Capital Partners for 4.4 billion dollars (3.0 billion pounds) to bolster its finances. Skip related content
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Barclays has fared better in the financial crisis than many of its banking rivals Enlarge photo
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Barclays said Thursday it had sold its asset management business iShares to private equity group CVC Capital Partners for 4.4 billion dollars (3.0 billion pounds) to bolster its finances. Skip related content
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Barclays has fared better in the financial crisis than many of its banking rivals Enlarge photo
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The FTSE 100 index is seen opening 18-33 points higher on Thursday, according to financial bookmakers, rallying thanks to strength overnight on Wall Street and in Asia after a fourth straight session of losses on Wednesday. Skip related content
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A worker shelters from the rain as he passes the London Stock Exchange in [...]

The FTSE 100 index is seen opening 18-33 points higher on Thursday, according to financial bookmakers, rallying after notching up a fourth straight session of losses on Wednesday thanks to strength overnight on Wall Street and in Asia. Skip related content
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* Sale Sets Barclays Boss For £5m Windfall
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Failed banks that have been bailed out by the state might need to be broken up to prevent a repeat of the credit crisis, shadow Chancellor George Osborne said on Wednesday. Skip related content
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Conservative Party shadow Chancellor Osborne speaks at the Royal Society of Arts in London Enlarge photo
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