Germany’s top court in Karlsruhe is about to deliver its verdict on whether the ongoing attempts to contain the eurozone crisis breach the country’s constitution. The Constitutional Court will decide whether the European Stability Mechanism (ESM) bailout fund and the European fiscal treaty are legal. It is feared a negative decision could spark fresh turmoil [...]
Jewish and Muslim groups living in Europe have joined forces to defend circumcision for young boys on religious grounds after a German regional court ruled it amounted to bodily harm. A joint statement says the practice is fundamental to their faiths and calls for it to be awarded legal protection. The ruling by the Cologne [...]
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Jose Manuel Barroso urges full tax data exchangeThe head of the European Commission has told the European Parliament he wants EU-wide exchange of income data as part of the fight against tax evasion. Jose Manuel Barroso…
Apple among America's big tax avoidersApple has been accused by US Senate of being "among America's largest tax avoiders". A Senate committee said Apple had used "a complex web of offshore entities" to avoid…
Bank of America reports sharp rise in profits for Q1 2013 after cost cuttingBank of America has reported a sharp rise in profits for the first quarter of 2013 after it shed costs and set aside less money for bad loans. Bank of America reported a net…
Goldman Sachs reports 7% rise in its profits for Q1 2013Goldman Sachs has reported a 7% rise in its profits during Q1 2013 following a strong performance in its investment banking division. The company made $2.26 billion net…
South Korea unveils $15.3 billion stimulus planSouth Korea is the latest Asian country to try and boost economic growth by spending hard, unveiling a 17.3 trillion won ($15.3 billion) stimulus plan. The funds will be…
Asian markets dip after Boston Marathon explosionsAsian markets have dropped in early trading after two explosions hit the Boston Marathon finishing line killing three people and injuring dozens more. Stock indexes fell by…