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Economy

Cameron’s vow to tackle tax avoidance ‘disingenuous and hypocritical’
Multinational firms which exploit loopholes to avoid paying tax in the UK will be pushed to “damn well pay,” David Cameron said on Thursday. The PM’s statement was denounced as disingenuous by global tax expert and UK economist Richard Murphy.

31.10.2014 16:43

​EU: No guarantees for Russia if Ukraine fails to settle gas debt
The EU won’t provide any new funds for Ukraine to pay off its gas debt to Russia, and Moscow has no guarantees should Kiev use agreed funding elsewhere, said the EU Energy Commissioner’s spokeswoman Marlene Holzner.

31.10.2014 11:48

​Cold turkey? Will the West survive ‘withdrawal’ from QE?
If all you ever did was look at economic figures you might be forgiven for thinking the global economy is beginning to pick up after the worst recession in living memory. But the reality is rather different.

31.10.2014 07:27

‘Europe to pay for the whole mess in Ukraine’
The gas deal between Ukraine and Russia became possible because Europe realized that it wouldn’t get the gas if it didn’t get behind Ukraine, Wall Street analyst Michael Hudson told RT.

31.10.2014 09:15

Stockholm arbitration to decide on settlement of Ukraine's gas debt – Gazprom head
The payment schedule and the gas price at which the remaining part of Ukraine’s gas debt will be paid, which is on top of the $3.1 billion agreed to be repaid by year end, will be settled at Stockholm arbitration, Gazprom CEO Aleksey Miller has said.

31.10.2014 08:28

Show me the money: JPMorgan bankers top City pay grades at £461k a year
US investment bank JPMorgan pays its managing directors in London an average of £461,000 (US$737,877) per year – substantially more than any other bank in Britain’s financial epicenter.

30.10.2014 14:51

Apple in talks to bring iPhone to Iran
Apple is in early stage talks with Iranian distributors about entering the country’s market after the US began to loosen sanctions on exports to Iran. A sign of warming relations with Teheran is seen after a 35 freeze that began in 1979.

30.10.2014 12:54

Billionaires in the world double since global crisis - Oxfam
The number of billionaires in the world has more than doubled to 1,646 since the financial crisis of 2009, with inequality reaching new extremes, according to a new Oxfam report on inequality.

30.10.2014 08:20

Payday loan brokers help themselves to UK savers’ accounts, customers outraged
Brokers linked to payday loan companies may be raiding the bank accounts of over 1 million Britons, with many being the poorest in society, the UK’s biggest banks have warned.

29.10.2014 16:58

Federal Reserve ends quantitative easing bond-buying program
The Federal Reserve has officially announced an end to its quantitative easing bond-buying program, but economists are split over whether the central bank’s decision will help or hinder post-recession recovery.

29.10.2014 14:16

‘Show me the money.’ Time for Brussels to put up or shut up on Ukraine
Ukraine’s parliamentary election results are in. While the outcome restores some much needed democratic legitimacy - the fractured state’s future is far from certain.

29.10.2014 11:48

Rampant financial crime in City of London eroding public trust - BoE
A top Bank of England (BoE) official warns widespread financial crime in the City of London is eroding public trust. The BoE’s criticism surfaced as it launched a review to tackle market manipulation.

28.10.2014 19:08

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