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Business

Unilever and Roche results better than expected

Consumer goods giant Unilever has reported better then expected Q2 sales. Swiss drugmaker Roche also beat market expectations.

Consumer goods giant Unilever has reported better then expected Q2 sales. Swiss drugmaker Roche also beat market expectations.

Business

Facebook faces tax probe over transfer of assets to Ireland

The US tax authorities say Facebook may have unfairly cut its tax bill by understating by "billions of dollars" the value of intellectual property it transferred to Ireland in 2010.

The US tax authorities say Facebook may have unfairly cut its tax bill by understating by "billions of dollars" the value of intellectual property it transferred to Ireland in 2010.

Business

UK finance minister wants post Brexit business tax cut

Finance minister George Osborne plans to cut UK business tax to less than 15 percent to try to cushion the effects of Brexit.

Finance minister George Osborne plans to cut UK business tax to less than 15 percent to try to cushion the effects of Brexit.

Business

Rosneft's quarterly net profit falls 75 percent

Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.

Rosneft's quarterly net profit fell by 75 percent as crude oil prices declined, but Russia's top oil producer also blamed heavy investment in the period.

Business

Sharp's losses widen, underscoring Foxconn's turnaround challenge

Japanese electronics maker Sharp has reported a huge net loss for the second year running, underscoring how difficult it will be for new owner Foxconn to turn the firm around.

Japanese electronics maker Sharp has reported a huge net loss for the second year running, underscoring how difficult it will be for new owner Foxconn to turn the firm around.

Business

BP considers more spending cuts after 80 percent profit drop

BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year.

BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year.

News

Trial begins of 'LuxLeaks' whistleblowers

Two former employees of the accountancy firm PricewaterhouseCoopers (PwC) go on trial today in Luxembourg along with a French journalist. Antoine

Two former employees of the accountancy firm PricewaterhouseCoopers (PwC) go on trial today in Luxembourg along with a French journalist. Antoine

Business

Tata Steel wants to sell UK business, finding a buyer will be a problem

India's Tata Steel has decided to sell its steel making operations in Britain, but will likely struggle to find a buyer amid falling prices and huge overcapacity in China.

India's Tata Steel has decided to sell its steel making operations in Britain, but will likely struggle to find a buyer amid falling prices and huge overcapacity in China.