Recent Posts

Australia strikes deal on ‘backpacker tax’

  AFP Foreigners in Australia on working holidays face paying a 15 percent levy on every dollar they earn after the government on Monday compromised on a controversial “backpacker tax”, dumping plans for a higher rate. Canberra had initially sought a revenue-raising 32.5 percent tax for seasonal workers from January 1 under a proposal first flagged in the 2015 budget, ...

Read More »

Brexit impact on economy to be less harsh than anticipated

  Bloomberg Brexit is going to cause the British economy to slow less than originally thought, according to the OECD. The Paris-based Organization for Economic Cooperation and Development revised up its UK growth forecasts to 2 percent from 1.8 percent this year, and to 1.2 percent from 1 percent in 2017, according to its November Economic Outlook. An inflation-induced pinch ...

Read More »

Tata Steel inks deal for talks on UK asset sale

  London / AFP India’s Tata Steel said on Monday that it has agreed to start exclusive talks for the sale of its speciality steel assets to metal processing firm Liberty House. The unit, which has activities mostly in Britain but also in China, employs 1,700 people and produces specialised steel for the aerospace and automotive industries, as well as ...

Read More »
Send this to a friend