EU proposes common tax rules to close avoidance loopholes
Multinational companies would have to calculate their tax liabilities according to one set of rules across the European Union under proposals on Tuesday aimed at stopping them shifting profits to avoid taxes.
Major banks mark first-ever international trade using blockchain tech
The first cross-border transaction between banks using multiple blockchain applications has taken place, Commonwealth Bank of Australia and Wells Fargo & Co said on Monday, resulting in a shipment of cotton to China from the United States.
Deutsche Bank gets top investor support, CEO in talks with banks
Deutsche Bank has secured backing from its largest investor and is seeking advice from other banks as it scrambles to restore market confidence undermined by a demand by U.S. authorities for up to $14 billion over mis-selling allegations.
Xi says China must speed up plans for domestic network technology
China must speed up plans to replace insecure internet technology with domestic alternatives, President Xi Jinping said on Sunday, the latest indication that China is advancing policies that have raised concerns among foreign businesses.
Global Banks Fight Back on Brexit, Warning $51 Billion at Stake
Britain crashing out of the European single market could cost banks and associated businesses in the U.K. almost 40 billion pounds ($51 billion) in lost revenue, undermining a key sector of the economy, an industry report will warn on Wednesday.
Apple to make landmark Battersea Power Station its new London home
Technology giant Apple (AAPL.O) said on Wednesday it is moving its London headquarters to the landmark Battersea Power Station, a move hailed by the government as a sign that major firms are still investing after the Brexit vote.