G8 and G20 focus on tackling avoidance
©Getty The US Senate’s probe of Apple’s tax affairs this week injected renewed urgency into the global effort to crack down on aggressive tax avoidance, which will feature high on…
Chinese solar industry seeks tariff deals
©Reuters Chinese solar-panel makers are seeking separate trade settlements with the US and the EU to avoid steep tariffs in their biggest markets. The negotiations are being pushed by a…
Business presses Rome for industry reform
Italy’s business lobby has warned that the country will not revive growth of its struggling economy if the newly formed government does not introduce “decisive and concrete” measures. Confindustria, the…
Eurozone output contracts further
The eurozone is likely to remain in recession in the second quarter, a business survey showed on Thursday, with output in both France and Germany, the two biggest economies, still…
US jobless claims drop more than expected
US jobless claims dropped more than expected last week, suggesting the labour market is hanging on to recent gains despite worries over the impact of budget cuts on growth in…
Number of ‘Neets’ in UK falls by 101,000
The number of young people not in education, employment or training has risen slightly in the first quarter, but is substantially down on a year ago, the Office for National…
Data confirm 0.3% first-quarter growth
A day after the International Monetary Fund urged the government to do more to spur growth, Britain’s official statisticians have reminded economists of just how far the UK economy remains…
Deutsche Bank chief warns market bulls
Deutsche Bank’s co-chief executive sounded a warning over the bullishness that has driven some markets to peaks around the world, saying investors might be misjudging the potential for shocks in…
China factory output hits seven-month low
©Getty BEIJING, May 23 – China’s factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding…
Fed QE exit must avoid collateral damage
With a quantitative easing exit now being eyed, many are beginning to worry about the possibility that the Federal Reserve will struggle to unwind its huge balance sheet in a…