Starbucks and Fiat must pay €30m each in tax repayments, says EU
The Netherlands acted illegally by offering Starbucks a sweetheart tax, while Luxembourg, which did the same with FIAT, also acted outside the law, the...
Stress test just for larger retail banks, says Bank of England
The Bank of England, the UK’s central bank, said it prefers to concentrate its stress test on major retail banks, which account for about...
CBI favours remaining in a reformed European Union
The United Kingdom is better off inside than outside a reformed European Union (EU), the CBI (Confederation of British Industry) announced today alongside several...
TfL unveils plans to build 10,000 new homes in London
Transport for London (TfL) unveiled plans to build 10,000 homes across the capital over the next ten years as part of an effort to...
Barclays paying $325 million to settle mortgage lawsuits
British bank Barclays Plc will pay $325 million to resolve claims that it sold faulty mortgage-backed securities to credit unions.
The U.S. National Credit Union...
Jack Ma appointed as David Cameron’s business advisor
Chinese businessman, Jack Ma, the founder of the online e-commerce giant Alibaba, has been appointed by Primer Minister David Cameron as a business advisor,...
Downtown Oslo to become car free
By 2019, cars will not be allowed in downtown Oslo, the capital of Norway, which has become one of the richest nations in the...
China GDP growth slowest post crisis
China’s GDP (gross domestic product) grew by just 6.9% in the third quarter – the slowest rate since 2009. However, several economists around the...
Big Ben silent as £40 million repairs are carried out
London's iconic Big Ben will be silent for a while as much needed repairs, estimated to cost about £40 million are carried out, lawmakers...
Mixed signals from US consumer sentiment and industrial output data
In early October, US consumer sentiment showed a healthy recovery, suggesting the country’s economic rebound continued apace despite weak global demand a strong dollar....