Wed05162012

Last update04:55:09 AM GMT

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Economics

Apple legally saves billions in taxes each year

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New York, (Palestine Telegraph) – A published report says Apple Inc. uses subsidiaries in Ireland, the Netherlands and other low-tax nations as part of a strategy that enables the technology giant to cut its global tax bill by billions [ … ]

Palestine’s Economy is in Trouble, But Why?

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Palestine, (Pal Telegraph) - Israel is nothing if not audacious, but this last maneuver is even cheekier than most. On Wednesday, donor countries will meet in Brussels and the Israeli delegation will be armed with a 44-page paper penned by Israel’s foreign ministry, which basically says the [ … ]

World Bank Chief says Israeli Constraints Stifle Palestinian Economy

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Palestine (Pal Telegraph) - World Bank Group President Robert Zoellick said Wednesday that Israel must ease restrictions imposed on the Palestinian people in order to help boost the economy.

Germany downplays talk of boosting debt fund

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London, (Pal Telegraph) - Officials say no plans to increase eurozone bailout fund, as Greek PM seeks to reassure investors during Berlin talks.

Israel decides to close Abu Salem crossing after rocket attacks

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Gaza Strip, (Pal Telegraph)-Israeli occupation authorities decided to close Karem Abu Salem crossing tomorrow in response to the firing of Palestinian rockets at Israel, according to Raed Fatouh, Gaza crossing official.