Taxes rises of £30bn ‘needed by mid-2020s’ to cut deficit

Image copyright Getty Images Taxes will need to rise by £30bn per year by the mid-2020s if the government wants to keep spending constant and balance its books, a think tank warns. The Institute for Fiscal Studies added that dismal productivity, earnings and GDP growth had become the “new normal”. It comes after the chancellor unveiled upgraded growth and borrowing ...

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Chinese investors want relaxed rules for tech IPOs: exchange

SHANGHAI (Reuters) – Most Chinese investors expect regulators to relax rules on initial public offerings (IPOs) by technology companies, and would like to invest in such domestic listings, the Shenzhen Stock Exchange said on Wednesday, citing a recent survey. FILE PHOTO: An investor looks at an electronic screen at a brokerage house in Hangzhou, Zhejiang province, January 26, 2016. REUTERS/China ...

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Tokyo bids farewell to ‘trustworthy’ Tillerson, Seoul awaits seasoned Pompeo

TOKYO/SEOUL (Reuters) – Japan’s foreign minister said on Wednesday he personally regretted the departure of “frank, trustworthy” U.S. Secretary of State Rex Tillerson ahead of a proposed summit between President Donald Trump and North Korean leader Kim Jong Un. Trump fired Tillerson on Tuesday after a series of public rifts over policy on North Korea and other issues, replacing him ...

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Renewed trade war fears pummel world shares, dollar

LONDON (Reuters) – World shares slipped for the second straight day and the dollar held near one-week lows after U.S. President Donald Trump’s threats to slap $60 billion in tariffs on Chinese imports reminded investors of the threat to world economic growth. FILE PHOTO – A man walks past an electronic stock quotation board outside a brokerage in Tokyo, Japan, ...

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Honour killing: Mother of 10 axed in Badin | Pakistan

In another gruelling incident of honour killing, a man murdered his wife with an axe in Badin, Geo News reported Wednesday. Photo: file BADIN: In another gruelling incident of honour killing, a man murdered his wife with an axe in Badin, Geo News reported Wednesday. The woman, G*, was a mother of 10 children, two boys and eight girls. Two ...

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Slovenian schools closed as teachers strike for wage hikes

LJUBLJANA (Reuters) – Most schools and kindergartens in Slovenia were closed on Wednesday for the second time this year as teachers staged another one-day strike for higher wages. Protesters blow horns during teachers’ demonstration for higher wages in Ljubljana, Slovenia, February 14, 2018. Banner reads “Similar wages for similar work”. REUTERS/Borut Zivulovic Some 40,000 teachers went on strike, according to ...

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Stephen Hawking: Tributes pour in for physicist

Image copyright AFP Image caption Prime Minister Theresa May praised Hawking’s “extraordinary mind” Tributes have been paid to world renowned physicist Stephen Hawking, who has died at the age of 76. The British scientist, who was diagnosed with a rare form of motor neurone disease aged 22, is known for his work on black holes and relativity. Astronomer Royal Lord ...

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