In a move aimed at creating a friendlier investment climate and making the economy more competitive, the Albanian government approved a fiscal package last week that includes implementing a 10% flat tax — the lowest level in Southeast Europe. Corporate taxes will also be slashed to 10%.

MANCHESTER, New Hampshire (AFP) — Top Democratic presidential hopefuls traded their sharpest barbs yet of the 2008 White House race, as differences over Iraq burst into the open during their second televised debate.

TEHRAN (AFP) — Supreme leader Ayatollah Ali Khamenei on Monday warned that Iran was prepared “to pay a price” and “resist” to realise the aims of its contested nuclear programme amid an intensifying standoff with the West.