EU Apple tax probe underway
An EU Apple tax probe has been initiated by the European Union’s vice president in charge of competition policy Joaquín Almunia. The trading bloc’s...
April UK unemployment fell, total jobs up
April UK unemployment fell to 6.6% compared to 7.1% at the beginning of February, while the number of people in employment increased by a...
Emirate cancels 70 Airbus A350 wide bodied aircraft
Emirate cancels 70 Airbus A350 wide-bodied aircraft, the European airplane maker and British engine maker Rolls Royce have announced. The cancellation means a 9%...
Toyota passenger airbag defect, 650,000 more cars recalled
Toyota has recalled 650,000 more cars because of a passenger airbag defect. The world’s largest carmaker has so far recalled 2.79 million automobiles because...
Developing countries growth forecast revised down, World Bank
The Developing countries growth forecast for 2014 has been revised down by the World Bank to 4.8% compared to January’s estimate of 5.3%. Economic...
Allergan rejects Valeant’s improved offer
Allergan rejects Valeant's and hedge fund billionaire William Ackman’s improved $53 billion acquisition offer. The Botox maker has stood its ground since Valeant Pharmaceuticals...
Global private wealth increased 14.6 percent in 2013
Global private wealth increased to $152 trillion in 2013, a rise of 14.6% on the previous year. The increase was greater than the 8.7%...
PayPal president joins Facebook
David Marcus, PayPal president joins Facebook, he is leaving on June 27th to head the social networking giant's messaging products division, a standalone app...
May Employment Trends Index increased, US
The US May Employment Trends Index went up to 118.58 from 117.32 in April, says The Conference Board. The Employment Trends Index (ETI) was...
Indian economic reforms unveiled
Indian economic reforms were presented to parliament by President Pranab Mukherjee on behalf of Prime Minister Narendra Modi who came to power in May...