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Giorgio Armani fashion house has paid 270 million euros to the Italian authorities to settle a tax bill

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Giorgio Armani fashion house has paid 270 million euros ($374 million) to the Italian authorities to settle a tax bill. An Armani spokesman confirmed reports...
Morgan Stanley’s profit rose to $1.45 billion in 2014 Q1

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Morgan Stanley and Goldman Sachs have reported contrasting results for the first quarter of 2014. Goldman Sachs’ neat earnings fell to $2.03 billion from $2.26...
Weibo's flotation on the NASDAQ stock exchange had initially raised a less-than-expected $286 million

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Chinese Twitter-like service Weibo’s shares rose by almost 20% on their first day of trading on the US stock market, after a lukewarm start. Weibo's...
Toronto Mayor Rob Ford is set to kick off his re-election campaign

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Toronto Mayor Rob Ford is set to kick off his re-election campaign at an event his brother and campaign aide has called "history in...
India is voting in the biggest day of the general election pitting the ruling Congress party against the main opposition BJP

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India is voting in the biggest day of the general election pitting the ruling Congress party against the main opposition BJP. Polling takes place in...
Mt. Gox has been put in administration by a Japanese court

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Former world's biggest Bitcoin exchange Mt. Gox has been put in administration by a Japanese court. Mt. Gox announced in February that hackers had stolen...
Yahoo shares jumped 9 percent despite a 20 percent fall in first-quarter earnings

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Yahoo shares jumped 9% despite a 20% fall in first-quarter earnings. Yahoo's profits of $312 million still beat expectations.Yahoo also said revenue from display advertising...
Bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be liquidated

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Bitcoin exchange Mt. Gox has given up plans to rebuild under bankruptcy protection and has asked a Tokyo court to allow it to be...
China's economy grew by 7.4 percent in 2014 Q1, better than what many were expecting

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China's economy grew by 7.4% in 2014 Q1, better than what many were expecting. However, it is a slowdown from 7.7% growth in the final...

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It’s safe to assume everyone wants to have a comfortable and secure retirement someday.  This dream is definitely one of the main motivations that we...
Silvio Berlusconi should serve a one-year sentence for tax fraud doing community service

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Italy's ex-PM Silvio Berlusconi should serve a one-year sentence for tax fraud doing community service, a Milan court has ruled. Silvio Berlusconi, 77, was convicted...
GlaxoSmithKline is facing a criminal investigation in Poland for allegedly bribing doctors

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Pharmaceutical giant GlaxoSmithKline is facing a criminal investigation in Poland for allegedly bribing doctors. Eleven doctors and a GSK regional manager have been charged over...
Afghanistan’s former Foreign Minister Abdullah Abdullah is slightly ahead of Ashraf Ghani in the country's presidential election

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Afghanistan’s former Foreign Minister Abdullah Abdullah is slightly ahead of Ashraf Ghani in the country's presidential election, partial results have shown. With about 500,000 votes...
Treasury Secretary Jacob Lew has urged other countries to contribute more to the economic rescue of Ukraine

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In a statement to the International Monetary Fund, US Treasury Secretary Jacob Lew has urged other countries to contribute more to the economic rescue...
Condoleezza Rice’s appointment to the board of file-sharing company Dropbox is being criticized by some service users

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Former US Secretary of State Condoleezza Rice’s appointment to the board of file-sharing company Dropbox is being criticized by some service users. Protests on social...
Health Secretary Kathleen Sebelius is resigning amid problematic launch of President Barack Obama's healthcare law

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Health Secretary Kathleen Sebelius is resigning amid problematic launch of President Barack Obama's healthcare law, US media report. The ObamaCare - regarded by the president's...
Narendra Modi has for the first time publicly admitted that he is married

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Controversial prime ministerial candidate of India's main opposition Bharatiya Janata Party (BJP) Narendra Modi has for the first time publicly admitted that he is...
The Chinese exports and imports fell sharply in March 2014

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The Chinese exports and imports fell sharply in March 2014, adding to recent indicators pointing to a slowdown in the world's second-largest economy. China's exports...
Indians are voting on the first big day of the general election pitting the ruling Congress party against the main opposition BJP

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Indians are voting on the first big day of the general election pitting the ruling Congress party against the main opposition BJP. Polling is being...
Toyota is now recalling a total of 6.4 million cars globally due to five separate issues

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Toyota is now recalling a total of 6.4 million cars globally due to five separate issues. Some 3.5 million cars are being recalled to replace...
Philippine top court has approved a birth control law, in a defeat for the Catholic Church

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Philippine top court has approved a birth control law, in a defeat for the Catholic Church. The law requires government health centers to distribute free...
The World Bank now expects the Chinese economy to grow by 7.6 percent in 2014, down from its earlier projection of 7.7 percent

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Chinese economy's growth forecast has been slightly cut by the World Bank, citing a "bumpy start to the year". The World Bank now expects the...
GSK will investigate allegations about its conduct in Iraq, nine months after an inquiry into the company began in China

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British pharmaceutical giant GlaxoSmithKline (GSK) will investigate allegations about its conduct in Iraq, nine months after an inquiry into the company began in China. "We...
Barclays has decided to sell its retail banking arm in the United Arab Emirates to Abu Dhabi Islamic Bank

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Barclays has decided to sell its retail banking arm in the United Arab Emirates to Abu Dhabi Islamic Bank (ADIB). ADIB is paying $177 million...
Hungary’s PM Viktor Orban has declared victory in Sunday's parliamentary election, winning a second consecutive term

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Hungary’s PM Viktor Orban has declared victory in Sunday's parliamentary election, winning a second consecutive term. Viktor Orban’s centre-right Fidesz has polled 45%, with most...
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