Woolwich attackers British, of Nigerian origin - source
Authorities believe that two men accused of hacking a soldier to death on a London street in revenge for wars in Muslim countries are British of Nigerian descent, a source says. Full Article
Global shares sink on U.S. stimulus pullback, Chinese growth fears
LONDON - Share markets fell sharply on Thursday as investors piled back into safer assets, unnerved by the twin setbacks of unexpected weakness in China's economy and signals that the U.S. central bank may soon scale back its stimulus programme.
EU wants big firms to reveal national tax bills
BRUSSELS - Europe's top regulatory official is seeking to force large companies to disclose how much tax they pay in each country where they operate, a measure some politicians say could curb tax avoidance. Full Article
Iran seeks to speed up nuclear activity
VIENNA - Iran is trying to accelerate its uranium enrichment programme, a U.N. nuclear report shows, but experts say it is unclear when Tehran's new machines could start operating and how efficiently they would work. Full Article
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China urbanisation plan hit by spending fears
BEIJING - China's plan to spend $6.5 trillion on urbanisation is running into snags, as leaders fear it could push up local debt levels and inflate a property bubble. Full Article
Twitter beefs up security after hacking spree
Twitter unveils technology to boost security for its users, following a spate of attacks on accounts of prominent media outlets including the Associated Press and the Financial Times. Full Article
Lenovo buys and diversifies to outshine rivals
HONG KONG - Lenovo Group's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades. Full Article | Video
High costs push Ford out of Australia
CANBERRA - Ford will shut its two Australian auto plants in October 2016, blaming a strong currency and costs that are hitting manufacturers just as the country looks for other sectors of its economy to cushion the end of a mining boom. Full Article
NY rep rebounds from scandal with bid for mayor
May 23 - Former Congressman Anthony Weiner, who resigned two years ago after posting a lewd photo online, announces he is running for New York City mayor. Lindsey Parietti reports.
Latest Headlines
Apple, hypocrisy and stakeholder tax
Politicians are hypocrites when they complain about the cross-border tax strategies of Apple and other multinationals. But "hypocrisy is the tribute vice pays to virtue". It’s high time that companies admit taxes on profit are fair payments for the help that governments give them. Commentary
Thanks, Greece
The euro zone crisis has been a piece of luck for Britain. Thanks to the Greeks, the euro turned into a crisis currency rather than a safe haven, and the pound came to look more and more like one of the less risky options. Commentary
UK should get on front foot with City
Britain has been playing a defensive game in response to the barrage of misguided financial rules from Brussels. It now needs to sell the City as part of the solution to Europe's problems. The opportunity is huge. Commentary
Don’t fear the bubble
When asset prices start to fall, the main people to be hurt will be the ones owning the assets in question. In other words, the people who can best afford it. Commentary
Goldman trumps HSBC in financial Chinese chequers
Selling its final stake in lender ICBC leaves Goldman Sachs with an annual return on its investment of around 36 percent. HSBC, which just sold out of insurer Ping An after ten years, notched up a lesser 23 percent. The reason: the UK lender put strategic value before profit. Commentary
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Japan joins global risk parade
The Nikkei’s 7 percent drop is an overdue correction, says Breakingviews, but the sell off is down to U.S. and China concerns. Video
Texas fire-fighters left unprepared
WEST, Texas - The fertilizer-plant explosion that killed 14 and injured about 200 others in Texas last month highlights the failings of a U.S. federal law intended to save lives during chemical accidents, a Reuters investigation has found. Full Article
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