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Latest in Tag: government

Vehicle emissions rising, e-cars stalled

Bigger cars, more miles, few e-cars: Germany’s transport sector carbon emissions are up. That will make it hard to meet the country’s ambitious 2020 CO² reduction target. Fresh impulses are needed. It’s a long-standing policy of the German government that every sector of the economy is supposed to be progressively decarbonized. Net zero national carbon …

Deutsche Welle

IMF hesitant to add yuan to its reserve currency basket

The International Monetary Fund has said there will be no quick decision as to whether it may include the Chinese yuan in its strategic basket of reserve currencies. The renminbi struggles to meet key financial norms. The IMF hinted it needed to do “significant work” in reviewing the inclusion of China’s national currency in its …

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

Commerzbank triples profits in second quarter

Germany’s Commerzbank has reported strong second-quarter earnings as the lender has been able to strengthen its retail banking segment. Executives spoke of a successful turnaround after years of deep trouble. From April to June, Germany’s second largest lender after Deutsche Bank logged bottom-line earnings of 280 million euros ($307 million), against 100 million euros in …

Deutsche Welle

Living with Greece’s new tax increase

How are Greeks dealing with the country’s new value-added tax? Where are they cutting corners? As Marinathi Milona reports from Thessaloniki, many Greeks feel the increase is the right plan at the wrong time.

Deutsche Welle

Mullah Omar: An Islamist who fought against two world powers

Mullah Omar, the Taliban leader who fought a protracted war against both Soviet Union and NATO in Afghanistan, has died due to illness. With his death the militant group has lost its most charismatic and unifying figure. Not much is known about one-eyed Taliban leader Mullah Mohammad Omar, who fought long wars against the Soviets, …

Deutsche Welle

Ideas to boost productivity among government employees

By Mohammed Nosseir Egypt is widely known for its vast government bureaucracy. Inefficiency, low productivity and over-employment are noticeable characteristics of this bureaucracy that negatively affect the implementation and progress of all government initiatives and projects.  Not only are these drawbacks recognised by economic institutions and citizens; they are also acknowledged by cabinet members themselves. …

Daily News Egypt

Providing legal identity to all a great step for good governance

By Dr. Bjørn Lomborg Corruption last year cost the world more than $1tr. That is $1tr we can’t use to get better health care, education, food and environment. A study shows that corruption in Egypt costs each citizen about EGP 2,715 each year. And corruption is only part of the problem of poor governance – many …

Daily News Egypt