UK prosecuting, regulatory agencies to discuss leaks of account information in HSBC tax case

LONDON: Greg Wise, the actor married to Oscar winner Emma Thompson, has said he and his wife will refuse to...

Ladbrokes to close 60 UK shops as profits fall in pre-tax profit from £68m to £38m

LONDON: Bookmaker Ladbrokes has reported a big fall in pre-tax profit for 2014, from £68m to £38m, and expects to...

UK state owned bank RBS reports £3.5b loss for 2014

LONDON: UK state-owned bank RBS has reported a loss of £3.5bn for 2014, down from a £9bn loss the previous...

Central Bank of Turkey decreases interest rates by 0.25 points

ANKARA: Turkish Central Bank has decided to decrease interest rates by 0.25 points. Turkey’s Central Bank Governor Erdem Başçı has long...

Agri-Pro Focus Zambia, Netherlands partner to boost poultry sector

AMSTERDAM: Agri-Pro Focus Zambia is working with the Poultry Association of Zambia (PAZ) and the Dutch government to create a...

German job openings hit 11-year high

BERLIN: The number of job vacancies in Germany picked up considerably in February, the Federal Employment Agency announced. It said...

Mobile Mini UK records global annual income growth of 9.6% for 2014

LONDON: Mobile Mini, a leading provider of portable accommodation and secure storage solutions, has ambitious plans to grow within the...

UK tax authority asks shipping companies for flagging text on tonnage eligibility

LONDON: The UK tax authority, HM Revenue and Customs, recently released a new Brief informing shipping companies that they must...

HMRC receives 2,466 requests for tax information from foreign governments

LONDON: The number of requests from foreign governments for tax information from the UK rose by 45 percent in 2013,...

Turkey foreign trade deficit falls 15.4% to $84.5b in 2014

ANKARA: Turkey’s foreign trade deficit has fallen 15.4 percent to $84.5 billion in 2014, due to a rise in exports...

3,015 wealthy Turks stashed $3.4 billion in HSBC’s Swiss branch to dodge taxes

ANKARA: The CEO of UK lender HSBC issued a strong warning to the bank’s business in Turkey, saying it needs...

Turkey’s 25bps interest rate cut fails to please govt officials, business world

ANKARA: Interest rate cuts by the Turkish Central Bank have met with criticism from both government officials and business world....

German GDP rises 0.7% in 4Q, foreign trade contributes 0.2 percentage points

BERLIN: Stronger domestic demand drove growth in Europe’s largest economy in the fourth quarter while foreign trade and gross capital...

IMF asks Belgium to introduce labor tax reforms to generate extra revenue

BRUSSELS: The International Monetary Fund (IMF) said there is a net decrease in Belgium’s labor taxes, but more tax reforms...

EU parliamentary committee to look into advance tax ruling practices

BRUSSELS: Members of the European Parliament voted in favor of establishing a special parliamentary committee to look into the advance...

Ireland’s Ulster Investment Trust lends more than £50m to community projects

DUBLIN: Fund set up to support the community, voluntary and social enterprise sectors in Northern Ireland has handed out £50m...

Italy revenue agency investigates property tax gap amounting to USD4.75b

ROME: The Italian Revenue Agency has revealed that the unified property tax gap – the gulf between theoretical and actual...

Norway govt rejects call to cut oil taxes amid plunging crude prices

OSLO: Norway’s government rebuffed pleas to cut oil taxes amid plunging crude prices, calling on the nation’s largest industry to...

Norway Aibel wins contract worth $1.05b from Statoil to build drilling platform