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Companies team for technologies
BONN, Germany, July 11 (UPI) -- One of Germany's most influential business figures is supporting a tax hike proposed by the opposition Christian Democratic Union.
The CDU, widely expected to beat the incumbent Social Democrats in September elections, has been calling for an increase in the nation's value-added tax to help offset the country's high labor costs, the Financial Times reported Monday.
Klaus Zumwinkel, chief executive of Deutsche Post, Europe's biggest postal group, called for an increase in the VAT from 16 percent to 20 percent to finance the country's creaking social security system.
That system is currently funded by levies on employees and employers.
The CDU has called for the VAT to be raised to 18 percent.
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WASHINGTON, May 23 (UPI) --
The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says.
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ORLANDO, Fla., May 23 (UPI) --
A new labor agreement between Lockheed Martin and workers at three company facilities has been ratified and is now in effect.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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