Luxembourg announced on Tuesday that it will share information with the US tax authorities about bank accounts held in the country by US citizens and residents of the United States.
Marissa Mayer has made her boldest move to date as chief of Yahoo! with the billion-dollar purchase of Tumblr, a popular blogging platform she vowed not to ruin after protests from youthful users.
Data released last week showed Greece entered its sixth straight year of recession, but there is cautious optimism about the economy's prospects despite high unemployment, pay cuts and tax hikes.
The European Central Bank is exploring ways to directly help small and medium-sized companies as a way to boost the recession-hit eurozone economy directly, a member of the bank's executive board has said.
Internet giant Amazon on Wednesday came under fresh fire over its British tax status after official figures revealed it only paid £2.4 million on UK sales of £4.2 billion last year.
Luxembourg was the biggest loser for industrial output in March this year, when volume plunged by a whopping 6.9 percent compared with the year before.
Global clothing giants Inditex and H&M on Monday promised to sign up to a plan to improve safety for workers in the factories they use in Bangladesh, in the wake of a deadly factory collapse there.
The EU on Monday handed over the first two billion euros of loans agreed under the controversial Cyprus aid deal, the bloc's European Stability Mechanism said in a statement.
Liechtenstein may agree to an automatic exchange of tax-related information with the European Union, Prime Minister Adrian Hasler told the German business daily Handelsblatt in an interview on Monday.
As tens of millions languish on the dole with EU austerity blamed for deepening recession, finance ministers will switch their focus Tuesday from bailout negotiations to the pursuit of a trillion-euro annual tax-fraud bounty.
Top global steelmaker ArcelorMittal reported a first-quarter loss at a meeting in Luxembourg on Friday but stood by its targets for operating profit and for reducing debt, and its shares rose by nearly 6.0 percent in initial trading.
The European Commission outlined on Wednesday plans to ensure all EU citizens can access banking services that would have to become more transparent and user-friendly.
The head of steelmaking giant ArcelorMittal on Wednesday called on European decision-makers to cut the costs of energy prices to make the steel sector more competitive as the group faces another tough year owing to slumping demand.
British Ambassador to Luxembourg Alice Walpole spoke out on Britain's role in the EU and its commitment to a stronger and more competitive union, at the most recent American Chamber of Commerce ABAL event.
Despite BNP Paribas's net profit dropping by around 45 percent to 1.58 billion euros between the first quarter of 2013 and the same time in 2012, the French bank exceeded expectations for the beginning of this year.
Recession in the crisis-hit eurozone will continue unabated for the rest of the year with unemployment remaining at record levels, the EU warned on Friday, though signs of recovery could emerge in 2014.
The European Central Bank pared back its key interest rates as expected Thursday amid mounting calls across the eurozone to focus on growth rather than austerity.
Following Luxembourg announcing it was prepared to lift banking secrecy restrictions, Austria said Friday it will take part in EU talks aimed at limiting tax fraud
Apple reported Tuesday that its quarterly profit dipped for the first time in nearly a decade as it squeezed less money from its champions in the competitive smartphone and tablet markets.
Switzerland is prepared to discuss the automatic exchange of banking information in the fight against tax evasion, but only once a global standard for doing so is created, the Swiss finance ministry said on Tuesday.
German authorities said Monday they had fined Google for illegally collecting massive amounts of personal data including emails, passwords and photos while setting up its disputed Street View service.
The World Bank gathered the might of the international community Saturday behind its audacious plan to eradicate extreme poverty within a generation.
Europe's biggest countries gained ground Saturday in their bid to recover some of the one trillion euros lost each year to tax fraud and money laundering, despite hold-out Austria railing against government "snooping" into bank accounts.
Austria will not change controversial banking secrecy laws, its finance minister insisted on Friday, despite becoming isolated in a European Union push to clamp down on tax evasion and fraud.
The European Commission said Wednesday that the EU's five biggest economies already had the legal tools they need to exchange more information between them in a move to clamp down on secret bank accounts held abroad.
For more than two decades, a top French politician was able to quietly stash away hundreds of thousands of euros into a secret foreign bank account, all thanks to the lack of mechanisms that automatically and systematically help countries detect hidden accounts abroad.
A large number of Belgian savers have emptied their accounts abroad since a Belgian tax amnesty was announced last December.
It is unacceptable for Austria to refuse to reform its bank secrecy rules, the European Commission said Monday, after Luxembourg signalled it was ready to change amid an EU putsch on tax evasion.
An international group of investigative journalists have examined 2.5 million files, revealing a dizzying network of offshore accounts and its implications on the world economy.
An Italian court has ordered the Dolce & Gabbana fashion house to pay a fine of 343 million euros plus interest for failing to declare millions of euros in revenue to tax authorities, local media reported.
People who lost their livelihoods following the collapse of one of Iceland's biggest banks have welcomed news that eight Kaupthing staff and six former Landsbanki executives are to be charged.
Belgium's 2.9-billion-euro share of a state recapitalisation of failed Franco-Belgian bank Dexia drove up its 2012 public deficit to 3.9 percent of GDP, well above the EU limit, the central bank said on Thursday.
Leaders from the BRICS group of emerging powers were to announce a scaled-back plan on Wednesday to establish a development bank seen as a potential rival to Western-backed institutions.
Cyprus President Nicos Anastasiades was on his way to Brussels on Sunday in a last-ditch push to save the crisis-hit island from bankruptcy if no deal is struck to bail it out ahead of a Monday deadline.
The dollar and the euro softened in Asian trade Wednesday but avoided a heavy sell-off after lawmakers in Cyprus rejected a bank deposit levy that was integral to a financial rescue for the country.
HSBC could cut up to another 5,000 jobs as Europe's biggest bank looks to find further savings, it was announced on Monday
Europe's main stock markets fell on Friday in downbeat pre-weekend trading before the outcome of a major eurozone ministers meeting aiming to agree a bailout for the Cyprus government, dealers said.
Eurozone veteran Jean-Claude Juncker said Friday that Eurogroup finance ministers meeting later in the day must agree on a bailout for the near-bankrupt Cyprus government.
Luxembourg successfully returned to the primary euro government bond market on March 12 with a 750 million euro transaction.
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