Breaking News
Home / BUSINESS (page 2)

BUSINESS

UK employment falls to 32 million

UK employment fell in the three months to September to 32 million people, down by 14,000 from the previous quarter. But while the number of people in work fell, the number of jobless fell by 59,000 in the same period, Office for National Statistics (ONS) data shows. The unemployment rate …

Read More »

Advisers helping tax evasion face fines

Image caption The government will be able to publicly name firms and individuals who help tax evaders Accountants, bankers, lawyers and advisers who assist with tax evasion will be hit with fines as part of a crackdown on the practice. They will face fines of up to 100% of the …

Read More »

How much wealth is hidden offshore?

Image copyrightGetty Images Would you like to pay less tax? Make a sandwich: specifically, a “double Irish, Dutch sandwich”. Suppose you’re American. You set up a company in Bermuda and sell it your intellectual property. It then sets up a subsidiary in Ireland. Now, set up another company in Ireland: …

Read More »

HSBC to pay €300m to settle tax probe

Image copyrightGetty Images HSBC has agreed to pay €300m ($353m; £266m) to French authorities to settle a long-running investigation into tax evasion by French clients. The French financial prosecutor’s office claimed HSBC’s Swiss private banking unit helped clients evade tax. Europe’s largest bank has acknowledged “control weaknesses” and said it …

Read More »

Boeing kicks off airshow battle

Image copyrightGetty Images Boeing kicked off the first day of the Dubai Airshow by announcing the first big sales news of the five-day event. Emirates has ordered 40 Boeing 787 Dreamliners in a deal worth about $15bn (£11.3bn) at list prices. The Dubai airline’s chairman, Sheikh Ahmed bin Saeed al-Maktoum, …

Read More »

Building a new supersonic jet

Image copyrightAlamyImage caption Boom’s planned airliner will have 55 seats Like a lot of young boys Blake Scholl had an interest in things that flew and went very fast. One fascination was Concorde and supersonic flight. Now he’s at the Dubai Airshow trying to woo investors and Middle East airlines …

Read More »

Airbus’s superjumbo problem

Image copyrightGetty ImagesImage caption The Airbus A320 is selling like hot cakes Airbus’s celebration of Indigo’s massive order for the A320 NEO – which at $49.5bn is its biggest ever single deal – will be muted. The Dubai show has shown up the sharply contrasting fortunes at each end of …

Read More »

Airbus unveils its biggest aircraft order

Image copyrightGetty Images Airbus has struck its biggest single deal with an order for 430 aircraft worth $49.5bn at list prices from US investment firm Indigo Partners. Indigo, whose interests include Europe’s Wizz Air, US-based Frontier, and Mexico’s Volaris, will buy Airbus’s A320neo family of aircraft. The order on the …

Read More »

Enduring riddle

Image copyrightGetty ImagesImage caption A new study says more than 600 million Indians belong to the middle class Never before in recorded history, wrote author Gurcharan Das, have so many people been in a position to rise so quickly. He was alluding to the rise of India’s “new middle class”, …

Read More »

What’s behind the rise of Asia’s stock markets

Image copyrightGetty ImagesImage caption Analysts believe the strong appetite for Asian stocks can continue Memory chips and China’s economic muscle are among the factors that have put a rocket under Asian stocks this year, pushing markets to record or multi-year highs. “Everyone hated Asia markets for a long time,” says …

Read More »