Australian PM scrambles to meet major election pledge – tax relief for millions

SYDNEY (Reuters) – Australia’s conservative coalition is scrambling to deliver on a major election campaign pledge only days after being re-elected, immediate tax breaks for tens of millions of voters which could bolster the country’s slowing economy. Prime Minister Scott Morrison said parliament may be unable to be convened in time to pass the tax legislation, promised to take effect […]

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BREXIT ANGER: Fury as Germany’s SPD blames UK exit on ‘upper-class kids and populism’

The tweet was sent from the party’s SPD Berlin account in response to posts by Katarina Barley, one of the party’s candidates in the forthcoming European Parliamentary elections, during which she emphasised the importance of the EU. The SPD Berlin post stated: “@Katarinabarley Brexit is the result of the gamble of British upper-class kids. Brexit shows what happens when you […]

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Eurozone on BRINK: Experts warn EU economy may not SURVIVE recession

Europhiles, central bankers and policy strategists voiced their worries about the state of the eurozone during a small gathering at Lake Como, Italy. The experts are worried the European economic area is too weak and without the right defences to face another slowdown and may never recover if another recession hit the bloc. Adam Posen, president of the Peterson Institute […]

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REVEALED: Energy giants keeping hold of £1billion of YOUR cash

More than eight million people are in credit for their gas and electricity by an average £108 each after a mild winter, figures show. Two-thirds of customers pay by fixed monthly direct debits, which often result in energy being paid for but not used. Campaigners last night called for energy firms – many of which recently hiked prices – to […]

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Austria pressing ahead with digital tax after EU-wide plan fails

VIENNA (Reuters) – Austria will press ahead with a proposed tax on internet giants after plans for an European Union-wide levy fell through this week, Finance Minister Hartwig Loeger said on Friday. Austria said in January that it would tax firms like Google, Amazon, Facebook and Alibaba 3 percent of their advertising revenue from within Austria. It said at the […]

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Austria to introduce digital tax after failure of EU-wide plan

VIENNA (Reuters) – Austria will press ahead with a planned tax on Internet giants after plans for an EU-wide levy fell through this week, Finance Minister Hartwig Loeger said on Friday. Austria said in January that it would tax firms like Google, Amazon, Facebook and Alibaba 3 percent of their advertising revenue from within Austria. It said at the time […]

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Philippine Congress approves $72.15 billion national budget for 2019

MANILA (Reuters) – The Philippine Congress on Friday approved and ratified the nation’s 3.757 trillion pesos ($72.15 billion) budget for 2019, ending weeks of impasse and allowing the government to spend on infrastructure projects to boost the economy. Philippines President Rodrigo Duterte has pledged to usher in the “golden age of infrastructure” and lift economic growth in the country of […]

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