Luxembourg to share bank details
Luxembourg is ready to share currently confidential information about multinationals’ bank accounts as part of efforts to shed the Grand Duchy’s image as a leading tax haven.
Drive for NHS to share savings pain
Cabinet ministers will today mount a collective attack on the “ringfence” protecting the NHS from budget cuts, as the search for £11.5bn of election year savings reaches a critical stage. Philip Hammond, Vince Cable, Chris Grayling, justice secretary, and Eric Pickles are among those protesting.
BoE says non-exec pay rate is pitiful
Non-executive directors of the Bank of England should be paid more to reflect an increased workload and to boost their prestige, according to BoE officials involved in a governance reorganisation.
Williams suffers blowout £5m loss
After a sluggish start to the Formula One season, the challenge facing Williams got tougher yesterday when its parent company revealed an annual loss of £5m.
AXA faces strike threat
Unite has threatened AXA with strike action over the decision to transfer more than 2,300 staff to a new pension scheme.
The Daily Telegraph
US set to pay down debt
The US government expects to pay down debt in the current quarter for the first time in six years.
Late-paying building giants risk lives
The failure of construction giants to pay subcontractors’ bills on time is resulting in unsafe buildings that are putting lives at risk, MPs have been told.
THE WALL STREET JOURNAL
Fiat troubles deepen with Chrysler
Fiat’s troubles are deepening as it swung to the red in its first quarter amid slumping auto demand in Europe and a profit decline at Chrysler Group.
Chinese web firms form alliance
E-commerce giant Alibaba Group Holding yesterday said it struck a $586m deal with the company that runs China’s popular Weibo microblogging service.