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following the September 29 financial headlines of global media
Times of India "India and Pakistan signed a trade agreement
"Financial Times": Barroso support the eurozone financial tax
"Washington Post" Washington, DC: August unemployment rate increased by 6%
United Auto Workers (UAW) members Wednesday voted to approve the collective bargaining agreement between the union and General Motors. This agreement will improve the hourly wage of entry-level workers to a maximum of $ 19.28, a $ 500 signing bonus will also be provided to all employees, and create 6400 new jobs in the U.S. market. This is the first new contract after the bankruptcy and restructuring of General Motors Corporation in 2009, represented by the Automotive Industrial Workers of the 48,500 hourly workers of General Motors Corporation signed. This agreement will main rival Ford Motor Company and UAW negotiations to clear away some obstacles. The UAW has said this week an agreement with Ford Motor Company; However, the negotiations on behalf of the Ford Motor Company had previously said negotiations are continuing World Pipe network informed, but nothing to announce significant progress.
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New York Times: Amazon Wed cheap Tablet PC
"USA Today": the UAW ratified a new labor agreement with General Motors
Amazon on Wednesday released a full-color touch-screen tablet computer, trying to challenge the tablet PC market, Apple and Samsung. The device called the Kindle Fire, using a 7-inch IPS screen resolution of 1024x600, with of TI's OMAP 1GHz dual-core processor to run customized Android 2.1 operating system. Its most important feature may be that the $ 199 price is only half of the Apple iPad price of $ 499. This is a large company launched the Tablet PC, the first price is much lower than the Apple iPad. Amazon founder and CEO Jeff Bezos said the Kindle Fire in the top of the reputation of the company's e-book reader, will attract a larger audience, because the equipment which can provide Web browsing, online music, film and video. The device can browse Amazon's content library, which contains 18 million e-books, music, electricity, sound and television programs, and can also run Android applications.
"Japan Times" Japan to determine the reconstruction program of higher taxation
European stock markets generally declined, because there have been reports that German Chancellor Angela Merkel to fight the parliamentary vote to approve the expansion of the European relief fund efforts by the resistance. Merkel also held different views on the terms of the second round of bailouts in Greece, which gave rise to confusion in the market, the market is concerned about Greece before running out of money, the availability of 8 billion euros from the first round of bailouts loans. "Troika" delegation of the EU, IMF and European Central Bank officials on Thursday to visit Greece and restore its financial audit and to decide whether to grant a loan of 8 billion euros. Athens warned that the absence of these loans, it will face bankruptcy. Merkel said the troika "of the audit findings may also affect the terms agreed to on July 21 this year, Greece's second round of bailouts," so we must wait for the 'troika' audit a result, it will tell us: Do we need to renegotiate. Private holders of Greek bonds may be asked to make a greater sacrifice, Merkel said: "We certainly hope that this will not happen, but I can not predict the report of the 'troika'.
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the Government of Japan and the Democratic Party on Wednesday identified the 2011 third replenishment of the Budget and ensure that financial resources for a temporary tax increase program to help the reconstruction of the Northeast. Scale identified in the program's tax increases of 11.2 trillion yen for a period of 10 years, tax increases related to personal income tax, property tax, corporate income tax, tobacco tax, and local taxes. Japanese personal income tax increase of 4% since January 2013, the tobacco tax increase of 2% since October 2012, the property tax increase from June 2014 to 500 yen, the corporate income tax from April 2012 to reduce the tax exemption. The tax increases will increase the burden on the ordinary Japanese people, the annual income of a family of three million yen, the annual amount of the tax increase to 1000 yen. Annual income of a family of five million yen, the annual tax increased by ¥ 3,600. Annual income of ¥ 10 million households, the annual amount of tax increase of ¥ 27,000.
the European Union on Wednesday proposed a proposal to impose financial transaction tax, this tax is expected to be able to bring the income of 57 billion euros a year for the EU, and forcing banks to pay back the community ". But the building is expected to be fiercely opposed by the British Chancellor of the Exchequer George Osborne. Osborne in the past been opposed to the financial transaction tax levied within the EU, European Commission President Jose Manuel Barroso after the imposition of financial transactions tax plan, the British Chancellor of the Exchequer Office immediately made it clear that the United Kingdom the City can not not tolerate for the EU financial transactions tax. Financial transaction tax is commonly referred to as the "Tobin tax (Tobin tax) or Robin Hood tax (Robin Hood tax). Barroso Wednesday in a speech to the European Parliament put forward the proposal to impose financial transaction taxes, saying "Now is the time of the banking sector debt to the taxpayer" world pie network information . French President Nicolas Sarkozy is currently serving as Chairman of the Group of 20 supported the introduction of a financial transactions tax, the European Commission hopes that the next G20 Summit on the implementation of this tax.
"Daily Telegraph": for fear that blocked the European stock markets fell on the Greek rescue plan
Wednesday data, according to Labor Department, Washington, DC, August unemployment rate rose from 5.9 percent in the previous month to 6 percent. This indicates that the local economic recovery began to brake the local this year so far. In accordance with the August 2010 year-on-year at August 2011, the local net increase of 100 jobs from July year-on-year benchmark, the net loss of 11,000 jobs. As of August this year and the past 12 months, Washington, DC, lost 2600 jobs, most of them from the most dependent on government departments. A non-profit sectors to help the government employment positions estimates, the nation's government employment will be reduced in fiscal year 2012, 102,500, fiscal 2011 expectations and the actual reduction figures in 2010 were 117,000 and 138,000.
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European Commission president Jose Manuel Barroso called for a tax on financial transactions to help rebuild the euro area financial Barroso said on Wednesday the European Parliament speech, the euro-zone countries in the economic field for closer cooperation to protect the euro area, and may need to change the European Agreement to ensure the implementation of this measure. Barroso's remarks to the default risk in Greece continued to grow, and is threatening the time of the financial sector in the euro zone, Greece € 8 billion of loans will be paid to creditors next month. He also called on to increase the size of the 440 billion euro area the size of the European Relief Fund EFSF and broadening its field of use. He also warned that if the EU agreement can not be enforced, will damage the trust of financial markets on European policy implementation.
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Indian Business and Industry Minister and the visiting Pakistani Commerce Minister Makhdoom Amin Fahim held official talks in New Delhi. The two sides issued a joint statement, agreed to promote India-Pakistan bilateral economic and trade full normalization of relations, and efforts to achieve the bilateral trade volume within three years from the current $ 2,700,000,000 to $ 6,000,000,000. The statement said that the India Trade Promotion Organization and the Pakistan Trade Promotion Bureau the day of the signing of the Memorandum of Understanding on a designed to promote bilateral trade development. Under the agreement, both sides will the future hold roadshows, trade exhibitions to further promote bilateral trade, Pakistan's Commerce Minister Makhdoom Amin Fahim is currently in India a five-day official visit.
Guardian: British Chancellor of the Exchequer Osborne is expected to be opposed to the "Tobin tax" proposal of the EU