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Apple's Tim Cook defends tax claim

Tue, 21 May 2013 17:40:09 GMTApple boss Tim Cook defends its tax strategy at a Senate hearing, after the tech giant is accused of being among America's largest tax avoiders.

HMRC to miss tax credit fraud target

Tue, 21 May 2013 23:16:48 GMTThe UK tax authority's failure to hit a target of reducing tax credit fraud and error has "cost the taxpayer dear", a committee of MPs says.

Microsoft unveils Xbox One console

Tue, 21 May 2013 20:35:39 GMTMicrosoft unveils the third generation of its video games console in an event at its headquarters at Redmond, Washington.

SSE profits increase despite snow

Wed, 22 May 2013 06:40:36 GMTEnergy supplier SSE reports a rise in annual profits despite disruption from bad weather and a fine from regulators.

Cameron to warn EU summit over tax

Wed, 22 May 2013 04:15:44 GMTDavid Cameron is to urge EU leaders to back action against the tax evasion and "aggressive" tax avoidance he says is costing all nations.

Record closing high for US shares

Tue, 21 May 2013 21:55:16 GMTShares on Wall Street picked up on Tuesday to a new all-time high as investors bet that the US central bank would continue supporting the economy.

JP Morgan boss wins shareholder vote

Tue, 21 May 2013 19:44:29 GMTJP Morgan chairman and chief executive Jamie Dimon will keep both jobs after shareholders voted in his favour.

Marks and Spencer sees profits fall

Tue, 21 May 2013 11:13:38 GMTMarks and Spencer reports a big fall in annual profits, as troubles in its clothing division continue.

Pound falls after dip in inflation

Tue, 21 May 2013 13:01:27 GMTThe pound falls after lower fuel prices lead to a lower-than-expected inflation rate of 2.4% for April.

Former Saab cars chiefs arrested

Tue, 21 May 2013 10:31:56 GMTThree former top executives from car maker Saab Automobile have been arrested in Sweden on suspicion of accounting fraud charges.

Scotland 'can afford independence'

Tue, 21 May 2013 16:21:09 GMTScotland can "more than afford" to be a successful independent country, its first minister says as he launches a paper outlining the nation's economic strength.

Cement firms warned over competition

Tue, 21 May 2013 15:43:10 GMTLack of competition in the UK cement market is costing consumers millions of pounds, the Competition Commission says.

Sharp jump in Royal Mail profits

Tue, 21 May 2013 09:58:23 GMTRoyal Mail's annual profits more than double, helped by strong growth in parcel deliveries as more people shop online.

Man Utd earns £60m in TV money

Tue, 21 May 2013 14:07:54 GMTManchester United earned a record £60.8m in Premier League television revenue this season on their way to their 20th English title.

G4S chief Nick Buckles steps down

Tue, 21 May 2013 07:03:15 GMTNick Buckles, the chief executive of global security group G4S, is to step down from his position at the end of May.

Data suggests housing market pick-up

Tue, 21 May 2013 11:08:09 GMTThe UK housing market is seeing a slight pick-up in activity with mortgage lending and prices both rising, figures suggest.

Asia boost to Burberry profits

Tue, 21 May 2013 12:00:52 GMTUK fashion brand Burberry reports a larger-than-expected rise in annual profits after a strong performance in Asia.

Bank Danamon stake sale approved

Tue, 21 May 2013 14:47:36 GMTSingapore's DBS Group receives long-awaited regulatory approval to buy a 40% stake in Indonesia's Bank Danamon

Back-to-work scheme failing, say MPs

Tue, 21 May 2013 02:14:09 GMTA scheme to help the unemployed find work appears to be failing the most disadvantaged jobseekers, MPs on the Work and Pensions Committee say.

Tax credits scam email warning

Mon, 20 May 2013 12:47:38 GMTPeople who receive tax credits are being warned about scam emails being sent out by fraudsters in an attempt to gather card details and passwords.

Graduate job opportunities 'rising'

Sun, 19 May 2013 23:23:43 GMTMore jobs will become available for graduates this year, research firm Income Data Services (IDS) has forecast, but pay is likely to be frozen.

Japan sees 10th trade deficit in row

Wed, 22 May 2013 04:27:31 GMTJapan posts its tenth straight monthly trade deficit as a weaker yen increases the cost of imports more than it helps boost exports.

China 'can't be free rider on trade'

Mon, 20 May 2013 19:43:56 GMTChina cannot be a "free rider" when it comes to global trade, the EU's trade commissioner, Karel De Gucht, warns.

High inflation 'cost UK GDP £10bn'

Mon, 20 May 2013 09:26:33 GMTHigh inflation has cost the UK economy £10bn over the last three years, says an influential report, and has now become a "permanent fixture".

Not your typical multimillionaire

Sun, 19 May 2013 23:35:09 GMTLaunching our new weekly feature called The Boss, we take a closer look at what drives Aaron Levie, the founder and chief executive of cloud storage company Box.

The cassette makes a comeback

Sun, 19 May 2013 23:36:32 GMTThe humble cassette tape, a happy memory for many music fans of a certain age, stages a comeback for one Canadian company. Will the trend last?

Firms aiming to make money while doing good

Mon, 06 May 2013 10:23:09 GMTKaren Weintraub explores the growth in the number of US small firms who wish to profit from making a positive difference in the developing world.

Man City form New York MLS franchise

Tue, 21 May 2013 16:29:08 GMTManchester City have announced a partnership with baseball's New York Yankees to form a new Major League Soccer franchise.

India cricketers' remand extended

Tue, 21 May 2013 15:41:34 GMTA court in India extends custody of three cricketers, arrested last week over allegations of spot-fixing in the Indian Premier League (IPL).

Games numbers 50% below target

Tue, 21 May 2013 08:21:59 GMTThe organisers of the World Police and Fire Games confirm the number of athletes who have signed up to take part so far is almost 50% below the 10,000 target.

VIDEO: Private jets flying high in downturn

Tue, 21 May 2013 08:40:01 GMTLuxury air travel in private jets continues despite struggles in the global economy

AUDIO: Royal Mail is 'a declining business'

Tue, 21 May 2013 09:41:47 GMTThe Business Secretary Vince Cable says "the big competitive threat to the Royal Mail is email".

VIDEO: Levi Roots: Mentor key to my success

Tue, 21 May 2013 10:42:30 GMTReggae musician-turned-entrepreneur Levi Roots explains why he is backing a government scheme to encourage more new business start ups.

VIDEO: Why did UK inflation rate fall?

Tue, 21 May 2013 10:16:10 GMTThe UK's inflation rate fell to 2.4% in April, according to the Office for National Statistics, down from 2.8% in March.

VIDEO: Apple chief hits back in tax row

Tue, 21 May 2013 16:31:10 GMTCEO Tim Cook has spoken out in defence of Apple, after a Senate committee accused the company of using "a complex web of offshore entities" to avoid paying billions of dollars in US income taxes.

VIDEO: Apple 'avoided $1m tax per hour'

Tue, 21 May 2013 14:56:27 GMTA Senate committee has accused Apple of using "a complex web of offshore entities" to avoid paying billions of dollars in US income taxes.

VIDEO: Stamp collecting big business in Asia

Tue, 21 May 2013 00:02:48 GMTThe UK-based experts in stamp collecting, Stanley Gibbons, recently opened its first office in Singapore to take advantage of growing interest in the hobby in Asia.

VIDEO: Investors show faith in JP Morgan boss

Tue, 21 May 2013 16:44:19 GMTJP Morgan chairman and chief executive Jamie Dimon will be allowed to keep both jobs after investors voted in his favour at the bank's annual meeting.

Calculate your inflation rate

Mon, 20 May 2013 23:03:15 GMTFind out how much your cost of living is going up

Is a paperless library still a library?

Tue, 21 May 2013 23:13:20 GMTGetting ready for bookless libraries

Some Day My Prints Will Come

Tue, 21 May 2013 23:00:04 GMT3D printing will revolutionise manufacturing, Peter Day argues

Apple tax: The Irish connection - Senate

Tue, 21 May 2013 16:00:12 GMTHow Apple routed earnings through overseas subsidiaries

Foreign comedians stand up for the UK

Mon, 20 May 2013 23:34:00 GMTWhy foreign comedians love the British comedy business

Luxury labels' designs on South East Asia

Mon, 20 May 2013 21:25:28 GMTLuxury labels target Singapore's best dressed

Tech finds profit in poo in Dubai

Mon, 20 May 2013 23:38:21 GMTFinding profit in poo in the Middle East

New Xbox readies for video games war

Mon, 20 May 2013 23:28:53 GMTWill Microsoft's new games machine win the next console war?

Clock ticks on Swiss banking secrecy

Tue, 21 May 2013 08:43:26 GMTSwiss banks creak under pressure to end trademark secrecy