Google has agreed to pay £130m in back taxes after an "open audit" of its accounts by the UK tax authorities.The payment covers money owed since 2005 and follows a six year inquiry by Her Majesty's Revenue and Customs.Google is one of several multinational companies to be have been accused of avoiding tax, in spite of making billions of
Leonardo DiCaprio has launched a ferocious attack on the greed of the world’s energy industry at the World Economic Forum in Davos.
DiCaprio used an awards ceremony to demand more action on climate change, decrying those who deny it is a problem. And he insisted fossil fuels must be kept in the ground – backing a campaign launched by
Saudi Arabia’s stock market crashed yesterday as nuclear sanctions on Iran were lifted, clearing the path for an all-out oil war between the Middle Eastern rivals.
The lifting of sanctions means Iran can start exporting oil worldwide, having been restricted to selling to a handful of countries, including China and India.
DUBAI: One of the world’s hardest-to-enter stock markets just became more accessible to investors. As financial sanctions are eased against Iran, foreigners can enter a bourse in Tehran with almost as many listed companies as Istanbul. Inflows may reach as much as $1 billion after six to eight months, estimated Reza Soltanzadeh, a founding
ISTANBUL: On a normal winter’s day, Ramazan Uslanmaz would lead two groups of tourists around Istanbul’s historic Sultanahmet district, from the towering minarets of the Blue Mosque to the labyrinthine alleyways of the Grand Bazaar. But since a suicide bomber walked into a group of German tourists as they stood by the Egyptian obelisk
The richest 1% now has as much wealth as the rest of the world combined, according to Oxfam.It uses data from Credit Suisse from October for the report, which urges leaders meeting in Davos this week to take action on inequality.Oxfam also calculated that the richest 62 people in the world had as much wealth as the poorest half of the global
Secretary of State John Kerry reiterated on Wednesday that Iran is due to get relief from punishing economic sanctions very soon, perhaps in the coming days.
"Implementation day ... is going to take place very soon, likely within the next coming days somewhere," Kerry said during a speech at National Defense University. He was referring to the day
Direct Line Insurance Group has estimated the total cost of clients’ claims from the three storms that hit Britain in December are between £110m and £140m.
The company, Britain’s largest motor insurer, said it expected claims in both its home and commercial divisions.
Home claims from the storms Desmond, Eva and Frank alone
DAMASCUS — In his cramped workshop in Damascus, Mohammad Abdallah delicately etches away at wooden panels inlaid with mother-of-pearl, a craft he perfected over a decade before the outbreak of Syria's war.As he worked, Abdallah expressed concern that his craft, the intricate process of filling carved wooden decorative pieces with shells,
Bahraini Ministers Council approved, on Monday, to raise the price of fuel, bringing the per liter of premium petrol price to 160 fils, which the average liter of fuel will be 125 fils.
Bahrain News Agency reported that the new rates of fuel in the kingdom will be implemented on January 12th.
The Bahrain energy minister, Abdul Hussain