Tax avoidance: Developing countries take on multinationals
Developing countries are taking action to try to combat tax avoidance by multinational companies.
Zambia and Mongolia have told the BBC they want to stop mining companies shifting profits out of their countries before they can be taxed.
Both are major producers of minerals and say they lose billions of dollars a year in much-needed tax revenue.
However, the Organisation...
News Corp to split in two on 28 June
News Corp has announced it will officially split its publishing and entertainment businesses on 28 June.
Its board approved the separation into two firms, which will both be headed by the current chairman and chief executive Rupert Murdoch.
The publishing firm will retain the News Corp brand, while the other will be renamed 21st Century Fox.
Shareholders had voiced...
Germany reports sluggish first-quarter growth of 0.1%
Germany's economy barely grew in the first quarter of 2013 as exports and investment shrank, figures show.
But higher domestic consumption - thanks to rising wages - helped offset the declines in foreign trade and capital investment, raising hopes it will help drive a sustained recovery.
Gross domestic product rose 0.1% from the previous quarter, but contracted 1.4%...
OVL open to downstream investment in Bangladesh
After securing two shallow water gas blocks in Bangladesh, ONGCVidesh Ltd (OVL), the foreign investment arm of state-run Oil and Natural Gas Corp Ltd, has said it is open to investing in power, petrochemical and fertiliser plants in the South Asian nation.
OVL that has won the two blocks along with Oil India Ltd, will be getting into exploration business in a neighbouring...