Greece grinds to halt amid mass austerity strike: A far-reaching national strike against new austerity measures has left Greece paralyzed. Thousands are marching in the streets of Athens in protest against measures that unions say will sink the country’s already-flagging economy.
London Fire Brigade proposes closing a quarter of its stations: London mayor Boris Johnson announced last month that the London Fire and Rescue Service must reduce spending by £65 million over the next two years. A number of the proposals for achieving this that have been leaked to the press will all involve drastic cuts to staff and services.
UK: Taxman admits Government powerless to force multinationals to declare profits: The Government is powerless to stop large multi-national companies like Starbucks and Google from paying almost no tax on their profits in this country, Britain’s most senior tax official admitted today.
France to give businesses $25 billion tax break: France's government has promised €20 billion ($25 billion) in tax credits to businesses as part a "competitiveness pact" that it hopes will spark innovation and lower unemployment — but falls short of calls in a recent report for a "shock" to the economy.
HSBC Prepares to Face U.S. Money Laundering Charges: HSBC Holdings Plc (HSBA) said it’s likely to face criminal charges from U.S. anti-money-laundering probes and the cost of a settlement may “significantly” exceed the $1.5 billion the bank has set aside.
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