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EU ordered Luxembourg to collect around €250 million from Amazon

October 5th, 2017 (0)
The European Commission has issued a press release to inform on its conclusion that Luxembourg granted undue tax benefits to Amazon of around €250 million. According the press release, Commission finds Luxembourg gave illegal tax benefits to Amazon worth ...

Lego to axe 1,400 jobs

September 6th, 2017 (0)
Lego is to cut 1,400 jobs before the end of the year in a bid to scale back the 85-year-old business after suffering its first drop in sales in more than a decade. The Danish toymaker said it was ...

Deloitte records double-digit revenue growth

August 29th, 2017 (0)
Deloitte, the business advisory firm has issued today a press release to announce financial results for year ended 31 May 2017. According the press release announcement: Highlights Revenue up 11.2% to £3.4bn (2016: 13.6%)1 In the UK, double digit ...

EU starts in-depth probe of Bayer, Monsanto deal

August 23rd, 2017 (0)
The European Commission has started an in-depth investigation of Bayer’s planned $66 billion takeover of U.S. seeds group Monsanto, saying it was worried about competition in various pesticide and seeds markets. The deal would create the world’s largest integrated ...

Barclays is the first UK high street bank that lets you make a payment by simply asking Siri

August 21st, 2017 (0)
Customers will now be able to make payments by saying ‘Hey Siri, Pay £15 with Barclays’ No need to open the app – rely on Siri and use TouchID to authenticate The technology will enable customers with dexterity ...

Dumb – And Dumber — Money Keeps Pouring In

August 11th, 2017 (0)
Someday, stock, bond and real estate valuations will matter again. And the mechanism by which this return to sanity is achieved will probably be the torrent of money now flowing in from people who, for various reasons, don’t care ...

Global law firm reveals FY17 results; Record global revenues

August 2nd, 2017 (0)
Global law firm Baker McKenzie has issued today a press release to announce revenues for the fiscal year ended 30 June 2017 (FY17). Below is the announcement a it was published:  Baker McKenzie, the leading global law firm, has announced ...

Mobile Money Revolution In Africa

August 2nd, 2017 (0)
These Global Payments Players Are Attempting To Move In On Mobile Money Revolution In Africa Africa is home to several mobile payment platforms and services like M-Pesa, yuCash, Orange Money, eTranzact and EcoCash, among several others, which have been ...

German automakers might face EU fines after allegations but no global legal threat, analyst says

July 26th, 2017 (0)
“I still don’t see a major global legal threat here,” Arndt Ellinghorst, head of global automotive research at Evercore ISI, told CNBC on Tuesday. EU antitrust officials confirmed Saturday they had started investigating allegations of a cartel among a ...

Why free trade and open markets in financial services matter; Andrew Bailey, FCA Chief Executive

July 11th, 2017 (0)
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has released a speech by Andrew Bailey, Chief Executive of the FCA, at Reuters Newsmaker event. According the release: Note: this ...
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