Researchers say they have traced back the rise of the super-rich to the time when humans started settled agriculture and domesticated animals. The research published in Nature says that those who used large farm animals such as horses and oxen were the equivalent of today's multi-billionaire entrepreneurs. Ownership of these animals...
Argentina has deported suspected activists on their arrival to the country, as it is hosting the WTO ministerial conference. Two European anti-globalization activists --Sally Burch, a self-declared activist and British journalist, and Petter Titland, head of the Norwegian NGO Attac Norge -- were denied entry to the country as they...
With record demand from China the filings for patents, trademarks and industrial designs across the globe has reached new heights in 2016. The number of patent applications in China was more than the combined total of applications received by the United States, Japan, the Republic of Korea and the European...
The IMF has warned that rising debt levels in China is posing a threat to financial stability of the world's second largest economy. As the government focuses on monetary and fiscal policies aimed at supporting employment and growth, it keeps running companies that are non-viable—rather than allowing them to fail, IMF...
The European Union has put out a list of 17 countries considered to be tax havens and said it may blacklist 47 more countries unless they take measures to counter evasion. The blacklisted countries would lose access to EU funds and face sanctions from the union. Multinationals who do business with...
The government of India has announced incentives worth Rs 8,450 crore to boost exports in labour-intensive sectors in its Mid-term Review of the Foreign Trade Policy that was announced in 2015. The Commerce and Industry ministry has increased the export incentives under the Merchandise Export from India Scheme (MEIS) to...
While Indonesia has a 52 million strong middle class, who account for one-fifth of the population, expanding its size its size would boost economic growth and broaden prosperity in the country, said World Bank in a recent report. While section now accounts for 43 percent of total household consumption, an...
In a significant decision after he took charge as the new President of Zimbabwe, Emmerson Dambudzo Mnangagwa, has directed the parliament to initiate an amendment to the Indigenisation act to clarify that the 51-49 percent stakeholding requirement only applies to natural resource-based investments in the country. It means that foreign...
The dispute that stalled the Presidential elections in Liberia is putting its economy in a major crisis, affecting money supply and investments. The country that uses both Liberian Dollars as well as US Dollar for economic transactions is facing a major shortage of currency. The Liberian Dollar has also appreciated...
Thabo Jaiyesimi/Shutterstock James Bentham, University of Kent A recent BMJ study showed that government cuts in England have caused extra deaths compared with trends before 2010. But how reliable are studies that link austerity with increased deaths? There is strong evidence that budget cuts affect health. In Greece, the recent economic crisis...

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