Apple has launched a legal challenge to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law, and deliberately picked a method to maximize the penalty. Sonia Legg reports
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Tag Archives: DARREN SINDEN
Exclusive: Iran to land first Airbus jet within weeks under sanctions pact
Iran expects to get its first new jet within weeks under a multi-billion-dollar deal with Airbus for 100 planes, a senior official said on Monday, as Tehran and Western firms race to reopen trade
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UK wealth falls $1.5 trillion after Brexit FX moves: Credit Suisse
Britain is $1.5 trillion poorer in dollar terms due to the fall in the pound since the vote to leave the European Union, according to a new study on global wealth. But Credit Suisse also predicts that around 945 billionaires will be minted around the world in the next five years.
Zuckerberg philanthropy – ‘like’ it or not?
Mark Zuckerberg’s promise to give 99 percent of his and his wife’s Facebook shares to a new charity makes him one of a growing number of billionaire philanthropists. As David Pollard reports, his actions could make his business more popular but not everyone welcomes the trend. Continue reading
VW scandal hits Bosch – where next?
German auto supplier Bosch has been accused of conspiring with Volkswagen to evade diesel emissions standards in at least 11 million vehicles worldwide. As Ivor Bennett reports, the class action lawsuit follows a huge fall in VW sales in the U.S. Continue reading
Glencore to suspend dividend, sell new shares to cut debt
Mining and commodities trading firm Glencore announces it will suspend dividends, sell assets and raise $2.5 billion in a new share issue as it aims to cut its debt by a third to $20 billion by the end of next year.