International Business News International Business News Rss feed

  • One trillion euro tax evasion to be tackled says Barroso One trillion euro tax evasion to be tackled says Barroso

    BRUSSELS - Voicing concern about tax evasion that is estimated at one trillion euros, European Commission President Jose-Manuel Barroso said Tuesday that EU leaders will meet at a one-day summit on Wednesday to negotiate solution. The European Union can't afford to let tax evasion go on the way it is. Such large amounts of money, currently sitting in tax havens, would be greatly beneficial ...

  • Overall economy likely to pick up in Q2 says German central bank Overall economy likely to pick up in Q2 says German central bank

    FRANKFURT - Germany's central bank Deutsche Bundesbank expects the country's economy to improve "markedly" in the second quarter relying on signals of pick up in industrial orders and likelihood of weather related downturn in construction sector no longer impacting investment sentiments a development that could boost the wider eurozone as it struggles to get out of recession. "Overall ...

  • Pfizer discontinues NHL cancer drug development Pfizer discontinues NHL cancer drug development

    NEW YORK - Pharma major Pfizer has discontinued the development of cancer candidate inotuzumab ozogamicin, which is part of a class of therapies called antibody-drug conjugates (ADCs), in the haematological cancer non-Hodgkin lymphoma after it failed to show benefit in overall survival during phase III trials. Pfizer has notified the study investigators and appropriate regulatory authorities ...

  • GrubHub and Seamless to merge GrubHub and Seamless to merge

    WASHINGTON - GrubHub Inc. and Seamless North America LLC, two of the biggest online services for food-delivery in the U.S., have entered into a definitive agreement to combine their companies to take on rivals in the growing market for online meal orders. The merger will create a combined company well positioned to drive more orders to restaurants, deliver a better experience for hungry ...

  • Housing market picking up in UK Housing market picking up in UK

    LONDON - The UK housing market seems to be picking up with gross mortgage lending up 4.3 per cent in April over previous month to 12.1 billion pounds, the highest in over four years, according to the Council of Mortgage Lenders (CML). The mortgage lending was 21% higher than April 2012, but this data is skewed by the end of the stamp duty concession on 24 March, 2012. Under the stamp duty ...


mostlycloudy
Dublin Weather
10°C Mostly Cloudy
Winds: From the NW at 14 MPH
Thu
partlycloudy
13° 6°
Fri
chancerain
10° 4°
Sat
partlycloudy
12° 3°
Last Updated on May 22, 10:30 AM IST
Weather sourced from Weather Underground

Movie Review

Layer Cake

Layer Cake

Daniel Craig has been in a lot of supporting roles in both British and American films during the past 15 years, so his face elicits an immediate sense of recognition, even though you probably cant quite place it. As it turns out, that sense of vague familiarity fits his leading role perfectly in the crime caper Layer Cake, where he plays a sternly efficient, no-nonsense London drug dealer w ... ...

On Facebook

  • Work starts on creation of new Dubai island

    Work began on Monday on the development of a man-made island in Dubai, 500 metres directly opposite the Jumeirah Beach Residence complex. To be known as Bluewaters Island, the new development will house five star hotels and resorts, al fresco dining and entertainment zones, and residential apartments and villas. The focal point of the island city, which will cost $1.6 billion, will be a 688 ...

  • Actavis buying Warner Chilcott in $8.5bn deal

    WASHINGTON/ DUBLIN - Actavis Inc, the largest US generic drug maker by market value, is acquiring Dublin-based Warner Chilcott in a deal worth $8.5billion (5.6billion pounds) including $3billion net debt, to create the third-biggest specialty pharmaceutical company in the country. Under the deal, Actavis, which itself has been the subject of bid speculation, would be offering $5billion in ...

  • Microsoft launches all-in-one home entertainment system Xbox One

    Microsoft has unveiled its latest video gaming console 'Xbox One' which is believed to transform games, TV and entertainment for the 21st century living room. The latest console reportedly promises a vision of the future. According to a report by the Mirror, 'Xbox One' will allow users to turn on the device with words like "Xbox On", and "snap" will allow users to watch two things at ...

  • 245 South Koreans have paper companies

    A total of 245 South Koreans were confirmed to have established paper companies in safe havens in a bid to avoid tax payment, an independent South Korean media said Wednesday. The Newstapa announced that it found 245 South Koreans set up paper companies in safe havens between 1995 and 2009 after analyzing information related to paper companies jointly with the International Consortium of ...

  • Microsoft unveils new all-in-one Xbox console

    Microsoft unveiled a new Xbox console Tuesday that represents a major upgrade on the US-market-leading Xbox 360 model. The president of the IT giant's Interactive Entertainment Business, Don Mattrick, revealed the hi-tech Xbox One entertainment and gaming console during an event at Microsoft's Redmond, Washington, campus. The Xbox One was presented as an all-in-one system for gaming, watching ...

More International Business News