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Latest in Tag: finance minister

Osborne plans could trigger EU tax war

British plans to considerably lower corporate tax have drawn first reactions from political leaders across the EU. Surely no one wants to be at a disadvantage when it comes to luring companies, or keeping them.

Deutsche Welle

UK pledges billions for nuclear plant

The British Chancellor has announced billions in government backing for the controversial Hinkley Point nuclear station. The announcement came during a trip to China, during which he sought to court Asian investors. British finance minister George Osborne on Monday sought to win over foreign investors, as he pledged £2 billion (2.75 billion euros, $3.11 billion) …

Deutsche Welle

Kenya Airways ‘may require $500 million bailout’

Kenya Airways, the East African nation’s national carrier, ran into severe head winds last week reporting a record loss. The finance minister now says the airline may need a half a billion dollar bailout. Kenya Airways said its pre-tax loss had grown from 4.86 billion Kenyan shillings ($48 million) to 29.71 billion shillings ($293 million) …

Deutsche Welle

UK begins selling shares in RBS

The British government has begun selling its shares in the bailed-out Royal Bank of Scotland, seven years after it acquired a majority stake in the embattled financial institute at the height of the financial crisis. The Treasury said Tuesday it had sold 630 million shares, representing 5.4 percent of the bank, for 2.1 billion pounds …

Deutsche Welle

Encouraging signs for Egypt’s economy

By Oxford Business Group After years of uncertainty and turbulence, Egypt’s economy is beginning to show some signs of recovery, with a marked rise in business confidence helping to strengthen indicators in both capital markets and the broader economy. Emerging signs of growth are welcome not only for investors, but also for the government, following …

Daily News Egypt