World economy
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
US budget deficit falling faster than expected
15 May 2013
Euro zone economy in an extended recession
15 May 2013
Recession in the bloc, which dates back to the fourth quarter of 2011, is now longer than the five quarters of contraction that followed the global financial crisis in 2008-09
EU regulator raids oil giants over price manipulation
15 May 2013
The European Commission yesterday raided the offices of oil giants including Royal Dutch Shell, BP and Statoil over concerns that they colluded in manipulating the oil price benchmark in violation of EU antitrust rules
PM unlikely to accept Sharif’s impromptu invite for swearing-in
14 May 2013
Prime Minister Manmohan Singh is yet to receive a formal invitation for the swearing-in ceremony of Pakistan's newly elected Prime Minister Nawaz Sharif; but is unlikely to accept when it comes
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