The US Supreme Court late on Wednesday handed down a long awaited judgement which upheld the appellants’ claim in the FII group Litigation v HM Revenue & Customs. The judge ruled that a section of the Finance Act 2007 has been in breach of EU law. The court specifically found that the Treasury breached European…
The growth of online shopping increased risks associated with consumer identity theft and fraud. These concerns escalated in the early 2000s with some high profile “break-ins.” Today, identity fraud has reached a new level of concern. Consumers no longer speculate whether or not they will become a victim of identity fraud, but rather when and…
China’s biggest e-commerce provider, Alibaba Group Holdings, has come to a $7.1bn agreement after years of negotiations with Yahoo! to buy back half the 40 percent share owned by the American internet giant, the companies have announced. As part of the agreement, Yahoo! will sell half its stake for an estimated $6.3bn in cash and…
In the past, uses of economic indicators reside in the domains of governments, corporations, educational researchers, large institutions and sophisticated investors. These entities understand the importance of possessing an awareness of the statistics regarding current economic conditions and likely regional, national and international trends. Economic indicators provide essential information, which affects customers, tenants, buyers, workers,…
Saving up the hundreds of thousands dollars – or even a few million – that you’ll need to retire happily and securely can feel overwhelming, even impossible. But there’s a better way to make it more manageable: Think in small steps. What if you saved just $5 more every day?Small savings add up. Five dollars…
Global commodities giant Louis Dreyfus announced late Sunday it is planning to issue bonds for the first time in its 160-year history, according to its CEO Serge Schoen. The firm is intending to boost investments by around 40 percent when weighed against the volume of ventures made between 2006 and 2011. The privately held food…
Ukraine has long been called “the bread-basket of Europe,” and for one excellent reason: its fertile, black soil. The estimated value of this treasure is anywhere between 40 and 80 billion dollars. The only problem with investing in this profitable business was an artificial bureaucratic/legislative barrier commonly known as the “moratorium on alienation of farm…
China National Offshore Oil Corp (Cnooc), China’s biggest offshore oil producer, late on Wednesday commenced its first unaided deepwater exploration in the South China Sea. Cnooc’s independent deep water oil drilling marks the beginning of a new era, as it typically relied on foreign partnerships such as the one established with Canadian Husky Energy. The…
Unemployment figures for March within the 17 nations of the eurozone rose by 169,000 or at a rate of 10.9 percent, the highest level since the euro launch, said statistics agency Eurostat. The worse numbers came out of Spain at 24.1 percent, Portugal at 15.3 percent and Greece, where the unemployment rate hit 21.7 percent….
It’s with great pleasure that World Finance announces the opening of voting of the 2013 Legal Awards. Now in its sixth year, the World Finance Legal Awards are fast becoming the global benchmark for the industry. Celebrating the best firms and individuals working within the sector, the objective of the awards is to capture and…
