Transaction tax illegal and a 'low-cost' iPhone

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Transaction tax illegal and a 'low-cost' iPhone

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Lawyers for the European Union have concluded that a tax on financial transactions that some countries want is illegal. According to the EU’s legal advisers, the proposal breaks international laws and EU treaties.

China became one of the world’s top three investors for the first time last year. Its foreign investment soared to a new record, providing more evidence that the Asian giant is rebounding.

Also in China Apple is aiming its newest phones at the world’s largest smartphone market.

We discuss all that with Nejra Cehic from Bloomberg in this edition of Business Weekly.