Facebook paid £4,327 UK tax, vs £5,392.80 per British employee
Social network multinational giant Facebook paid only £4,327 ($6,642) in corporation tax last year, according to its latest Companies House filing in the UK.
While...
Standard Chartered cutting 1,000 senior staff in an effort to reduce costs
Standard Chartered plans on cutting 1,000 senior staff in an effort to reduce costs, according to a recent memo sent to employees.
The news was...
Next global meltdown looming closer, warns IMF
The chances of another global financial meltdown are increasing significantly, the International Monetary Fund (IMF) warns. It is no longer a question of whether...
EU accuses Netherlands of illegal Starbucks tax deal
European Union antitrust regulators have ruled that a deal between Starbucks and Dutch authorities could be illegal as the Netherlands is giving the coffee-shop...
UK construction output fell 4.3% in August
According to the Office for National Statistics (ONS), construction output in the UK fell 4.3% in August - the biggest drop since 2012.
In the...
Interest rates should rise sooner as wages reach turning point, says McCafferty
Bank of England hawk Ian McCafferty says interest rates should rise sooner rather than later as UK wages reach a potential "turning point". Mr....
IMF cuts global growth forecast to 3.1% in 2015 and 3.6% in 2016
The International Monetary Fund cut its global growth forecasts again and warns that "global financial stability is not yet assured”.
The IMF expects the global...
Wall Street facing worst year since 2008
Not since the death of Lehman Brothers in 2008 has Wall Street had such a bad year. Experts say 2015 is set to be...
Government to sell £2 billion stake in Lloyds to the public
The UK government announced that it plans to sell £2 billion worth of Lloyds shares to retail investors next spring.
The sale would see the bank...
Right wingers think they are morally superior
Contrary to popular belief, it is not the so-called sanctimonious left winger who thinks he or she is morally superior to others, but the...