South Africa chooses new parliament in major election

South Africans are heading to the polls on Wednesday to elect a new parliament, in what could be a pivotal election. The elections are seen as the most significant since freedom fighter and later president Nelson Mandela led the country to democracy in…

Russia plans to increase income taxes for the wealthy

The Russian Ministry of Finance on Tuesday put forward a proposal to implement tax hikes for those earning an high-income, as well as raising the tax rates on corporate profits. The current top tax rate on income is set to increase from 15% to 22%. The…