Report 'to urge cutting red tape'

Shawn Atleo could return to the helm of the Assembly of First Nations next week, with pressure expected to mount on his leadership as Manitoba chiefs consider pushing for a special meeting of nationwide assembly members to hammer out their road forward. AFN executives agreed Thursday to renew calls for a Jan. 24 meeting with the Prime Minister and the Governor General, Manitoba’s Grand Chief Derek Nepinak said in Ottawa on Friday, where he downplayed political divisions within the assembly, but attacked the Prime Minister for perpetuating an “abusive relationship.”

In the wake of Bankia bailouts to the tune of €19 billion, the second bailout in two weeks, yields of Spanish debt are soaring. Spread to German Bonds Hits 5.05 Percentage Points

LONDON — Britain’s economy shrank more than expected at the end of 2012 with a North Sea oil production slump, lower factory output and a hangover from London’s Olympics pushing it perilously close to a “triple-dip” recession. The country’s gross domestic product fell 0.3% in the fourth quarter, the Office for National Statistics said on Friday, sharper than a 0.1% decline forecast by analysts.

The interim findings show that half of the 115 regulations on the day to day running of a company and the preparing and filing of their accounts are to be scrapped, merged or simplified. This will cut down the dead weight of the statute book by removing redundant legislation and ensure that the remaining regulations are simpler to understand.

China's cabinet announced detailed plans on Monday to deepen economic reform, cutting government interventions that hinder growth.

China's cabinet announced detailed plans on Monday to deepen economic reform, cutting government interventions that hinder robust growth.

Analysts believed that cutting red tape will be a breakthrough in achieving the transformation of government functions.