Wednesday, October 7

Tag: Featured

The new bill is coming for brexit in March next year
ENGLISH, United Kingdom

The new bill is coming for brexit in March next year

    Britain looks set to leave the European Union by summer 2019 after triggering the formal process to pull out before the end of March next year, Theresa May has said. The Prime Minister said Article 50 of the Lisbon Treaty will be triggered in the first three months of 2017, marking the start of the two-year process to enact Brexit. The process can be extended beyond two years if Britain and all other EU countries unanimously agree, but that prospect is seen as unlikely. She made the announcement after revealing plans for a "Great Repeal Bill" to transpose all EU law applying to the UK into domestic law, ready for the day the country leaves the union. Ahead of her speech on Brexit at the Conservative Party conference in Birmingham, Mrs May told BBC One's Andrew Marr Show: "...
Donald Trump may have avoided income taxes for 18 years
America, ENGLISH

Donald Trump may have avoided income taxes for 18 years

    Republican presidential nominee Donald Trump declared a $US916 million loss on his 1995 income tax returns, and the large tax deduction may have allowed him to avoid paying federal income taxes for up to 18 years, according to a US media report. The Trump campaign, in a statement responding to The New York Times report, said the tax document was obtained illegally and that the Times was operating as an extension of the presidential campaign of Democratic rival Hillary Clinton. The Times said it had obtained Mr Trump's 1995 tax records and that they showed he received the large tax benefits from financial deals that went bad in the early 1990s. The newspaper said tax experts it hired to analyse Mr Trump's records said tax rules, which are especially advantageous to wealthy ...
Tower Bridge closed down to temporarily maintanance
ENGLISH, London

Tower Bridge closed down to temporarily maintanance

    For 122 years Tower Bridge has spanned the Thames in London, but there is concern about the recent announcement that it will close for three months for major repairs to be performed. It is a bridge that's not only functional, but beautiful — functioning as both a river crossing and a tourist attraction. "Well it's kind of unusual isn't it? There's not many bridges that look as impressive as it does, and literally opens up in the middle of an iconic city and lets usually old ships through them," said Garrett Emmerson, Transport for London's chief operating officer for surface transport. In what is a controversial decision, Tower Bridge will be closed for three months for major repairs. "Well obviously it's not something you do lightly or even want to do at all," Mr Emmerson...
PM May urged to speed up Brexit by ex-ministers
ENGLISH, United Kingdom

PM May urged to speed up Brexit by ex-ministers

    Theresa May is to make a major speech on Brexit at the Tory conference in Birmingham Tory former Cabinet ministers have ramped up pressure on Theresa May by presenting her with a "Brexit Blueprint" to take the country out the EU in less than two years. The plan, which presses for a "take it or leave it" approach to Brussels, was circulated ahead of the Prime Minister making a speech on quitting the bloc at the Tory party conference on Sunday. Mrs May has previously said she would not rush to show "rapid progress" in Brexit negotiations, insisting the process should be "sober and considered". She has already stated that Article 50, the formal mechanism for Britain leaving the EU, will not be triggered this year. However, the so-called Route Map for Brexit, proposed by ex-mi...
Why politics in trade is a bad deal
Asia, ENGLISH

Why politics in trade is a bad deal

    PM Modi has called a meeting on MFN status today. Business has always been hostage to India-Pak politics. If it isn’t mere noora kushti — the popular expression in both India and Pakistan for scripted wrestling matches with predetermined outcomes — it would seem odd that New Delhi should threaten to withdraw the Most Favoured Nation (MFN) status it granted to Pakistan back in 1996 — might as well go the whole hog and block all trade? But don’t rush to conclude that withdrawing MFN status will be a very potent — or even smart — pressure tactic. Not only does such a step seem hasty and unbecoming of a G20 country which, along with China, contributes the most to global economic growth, it also doesn’t make much economic sense. Pakistani imports are a minuscule 0.1% ($ 441 mil...
UN chief calls for urgent de-escalation about India and Pakistan war
ENGLISH, United Nation

UN chief calls for urgent de-escalation about India and Pakistan war

    The secretary-general has offered to play the role of mediator between the two nuclear-armed neighbours. UN secretary general Ban Ki-moon on Friday, 30 September, has called for urgent de-escalation of tensions between India and Pakistan. He has also offered to play the role of mediator between the two nuclear powers. A statement issued by Ban Ki-moon's spokesperson at the United Nations said that the secretary-general "is deeply concerned over the significant increase in tensions between India and Pakistan in the wake of the recent developments, in particular the reported cease-fire violations along the Line of Control (LoC) following an attack on an Indian army base in Uri on September 18." It also added that the UN chief has asked both the nations to "exercise maximum r...
New bedroom tax: Poor people lose hundreds of pounds a year
ENGLISH, United Kingdom

New bedroom tax: Poor people lose hundreds of pounds a year

    Poorest pensioners to lose hundreds of pounds a year in ‘new bedroom tax’ Thousands of poorer pensioners will be hit by a new “bedroom tax”, despite the Government’s promises to protect the elderly from the hugely controversial benefit cuts. They are poised to lose at least £300 a year because their homes will be deemed to be “underoccupied”, slashing their incomes or forcing them to move – away from family and friends, or to flats that are unsuitable for older people. In some cases, the financial pain will be greater – one housing association has identified pensioners in part of the North who are set to lose a staggering £1,700 a year. Over time, hundreds of thousands of pensioners will be affected by the little-noticed measure, which extends tough benefit restrictions in...
Foreign investment could from black money, inquiry start about property ownership as says London Mayor
ENGLISH, London

Foreign investment could from black money, inquiry start about property ownership as says London Mayor

    London Mayor Sadiq Khan has pledged to launch an investigation into foreign ownership of London property, amid worries that it is causing rising house prices and falling home ownership among Londoners. Sadiq Khan told the Guardian: “It’s clear we need to better understand the different roles that overseas money plays in London’s housing market, the scale of what’s going on, and what action we can take to support development and help Londoners find a home." Mr Khan campaigned on this issue of foreign ownership during the election campaign for mayor, arguing that developers should give Londoners "first dibs" on homes. He argued that the increase of foreign buyers was pushing up prices for Londoners, and many of these flats were "buy-to-leave" properties, acting as a safety d...
Global taxi company Uber starting their service in Dhaka
Bangladesh, ENGLISH

Global taxi company Uber starting their service in Dhaka

    The world polular global taxi service company Uber For Dhaka commuters taxi woes may be over soon. Uber is all set to hit the Dhaka roads within weeks. With Uber taxis plying around, Dhaka’s commuting experience will change forever. “Bangladesh has similar traffic chaos like in Indonesia” said a source linked to Uber. “Our service will help ease the situation. We have been preparing the ground to launch the service in Bangladesh for the last eight months.” An American multinational online transportation network company headquartered in San Francisco, California, Uber offers App-based taxi service allowing customers with smartphones to submit a trip request. The software program then automatically sends the request to the Uber driver nearest to the commuter, alerting the dr...
New five years migrant visa offer by Australian govt
Australia, ENGLISH

New five years migrant visa offer by Australian govt

    Families of migrants to Australia will be able to apply for a five-year temporary residency visa, in a move set to reduce decade-long wait list for families seeking a permanent residency visa, the Australian government has announced. The move was made after the government became aware of frustrations surrounding the current visa program, Assistant Minister for Immigration Alex Hawke was quoted by The Australian on Saturday. Currently, if family members of a migrant to Australia wish to join their family through a visa program, they are put on a lengthy wait list for a permanent residency visa. But under the new plan, migrants can sponsor their family's move, and they'll be given a five-year visa without waiting for long time. Families or the migrants will be required to co...