Economy

Monday, April 25th 2016 - 21:16 UTC
Germany celebrates 500th anniversary of beer “purity law”

German Chancellor Angela Merkel praised the “world renown” of German beer in Ingolstadt, at a celebration marking the 500th anniversary of the beer purity law. The age-old rule has remained a staple of beer production. Hundreds of brewers from Germany and other European countries attended the celebration in Bavaria on Friday, with servers and guards in traditional costumes.
Monday, April 25th 2016 - 21:07 UTC
Germans thirst for beer dwindling; health consciousness prevailing

For 500 years Germany’s famous Beer Purity Law has been protecting the country’s beer drinkers from contaminants, chemicals and any other additives that unsavory merchants might have thought of adding. But the law, or Reinheitsgebot, which marked its 500th anniversary last Friday, has been unable to protect the country’s 1,350 brewers and the proud industry from a modern plague: health consciousness.
Monday, April 25th 2016 - 06:05 UTC
Meirelles mentioned as Finance minister in a Vice-president Temer administration

If Brazilian Vice President Michel Temer takes power, former central bank President Henrique Meirelles would accept the position of finance minister under the condition he was given approval rights over members of the entire economic team, newspaper Folha de S. Paulo reported on Sunday.
Monday, April 25th 2016 - 05:53 UTC
RMS St Helena on sale; she will make a farewell to the port of London

Helena Line has announced that it is to withdraw the Passenger Cargo Royal Mail Ship St Helena from service in July 2016 and has appointed London ship broker CW Kellock & Co Ltd to handle her sale.
Monday, April 25th 2016 - 05:46 UTC
Cruise industry with 375 ships by 2026; Chinese market forecasted to jump 50%

The world’s cruise fleet is set to grow to more than 375 ships by 2026, based on existing orders and known withdrawals, according to the 2016-2017 Cruise Industry News Annual Report.
Sunday, April 24th 2016 - 09:03 UTC
Anti/slavery crusader Harriet Tubman will command the $20 dollar bill

Anti-slavery crusader Harriet Tubman will become the first African-American to be featured on the face of US paper currency when she replaces President Andrew Jackson on the $20 bill. She will also be the first woman on US paper currency in more than a century.
Sunday, April 24th 2016 - 08:26 UTC
International major effort to cooperate on tax issues and halt evasion and elusion

The International Monetary Fund and the World Bank are joining forces with other international organizations to cooperate on tax issues and develop new tools and standards to halt tax base erosion and evasion.
Saturday, April 23rd 2016 - 10:46 UTC
Treasury Secretary Lew praises Argentina for its reintegration to the global economy

United States Treasury Secretary Jacob J. Lew celebrated Argentina's return to international markets and reintegration to the global economy, following the final settlement with holdout creditors, which it described as a major milestone not only for Argentina but for the global financial system.
Saturday, April 23rd 2016 - 10:26 UTC
Judge Griesa pleased and gratified the Argentine 15-year litigation with bondholders is over

US Federal Judge Thomas said on Friday it gave him the greatest pleasure to be able to exercise his discretion and lift the injunction against Argentina which impeded the payment on defaulted debt.
Saturday, April 23rd 2016 - 07:33 UTC
As your friend, let me say that the EU makes Britain even greater

By Barack Obama, President of the United States - In 1939, President Franklin D Roosevelt offered a toast to King George VI in the White House. “I am persuaded that the greatest single contribution our two countries have been enabled to make to civilisation, and to the welfare of peoples throughout the world,” he said, “is the example we have jointly set by our manner of conducting relations between our two nations.”