World economy
US durable goods orders rise more than forecast
25 May 2013
German consumer confidence robust: Poll
24 May 2013
BoJ resorts to $19-bn bond purchase as yields rise to 1%
24 May 2013
Despite assurances from the central bank chief Haruhiko Kuroda last month that his goal was to lower bond yields, the rates increased steadily
Bernanke bets on monetary stimulus for US economy
22 May 2013
In his testimony to the US Congress, Bernanke said low interest rates have helped improve home prices, increase consumer spending and thereby increase production and employment
Cook defends Apple’s US tax avoidance before lawmakers
22 May 2013
Congressional investigators allege that even as Apple became the nation’s most profitable technology company, it avoided billions in taxes in the US and around the world
91 feared dead in Okhahoma tornado
21 May 2013
Apple CEO faces US Senate panel over tax avoidance charges
21 May 2013
Investigators say Apple’s tax avoidance efforts between 2009 and 2012 kept away at least $74 billion from the Internal Revenue Service
After Google, Amazon under fire for ‘pathetic’ UK tax contribution
20 May 2013
Amazon’s UK subsidiary paid just £2.4 million in corporate taxes last year, on sales of as much as £4.3 billion, but recieved 2.5 million in government grants
India-China ties key to world peace: Chinese premier Li Kequiang
20 May 2013
Chinese Premier Li Keqiang today pledged to build trust with India, and declared that ties between the Asian giants were a key to world peace.
MPs ready with questions for Amazon over taxes
17 May 2013
IMF approves €1-bn loan for Cyprus
17 May 2013
Obama fires chief of tax agency IRS over ‘tea party’ scandal
17 May 2013
US President Barack Obama sacked the acting chief of the Internal Revenue Service, for an 18-month campaign against opposition poltical groups in the run-up to the 2012 US election
Cairn India boosts Vedanta’s FY’13 net profit by 163%
16 May 2013
During the year, the company also managed to reduce its net debt by $1.5 billion to $8.615 billion despite near zero production by group iron ore mining firm Sesa Goa
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