Social media giant Facebook said on Tuesday it would start booking advertising revenue locally instead of re-routing it via its international headquarters in Dublin although the move is unlikely to result in it paying much more tax. Corporate taxation has become a hot-button topic in the wake of revelations of tax avoidance schemes by multinationals […]

The most important take-home from Thursday’s Bank of England (BOE) meeting is likely to be talk of what happens next. Analysts are divided on the coming year’s BOE forecast for interest rates and monetary policy changes. Amid a week of important economic data coming out of the U.K., the bank’s Monetary Policy Committee (MCP) meeting […]

Goldman Sachs is expecting the commodities sector to generate returns of almost 10 percent next year, more than other assets over the long run. Robust demand growth for raw materials worldwide should underpin the case for investors to own them, Goldman said in a research note published Monday. Jeffrey Currie, global head of commodities research […]

An explosion at Austria’s main gas hub Tuesday has left one person dead and several injured, according to a report. Gas Connect Austria, which operates the Baumgarten site on the Austrian border with Slovakia, said that the cause of the blast was not yet known. The Austrian Press Agency (APA) is reporting one person dead […]

France’s Unibail-Rodamco has agreed to buy shopping mall owner Westfield Corp. for $15.7 billion, in what would be the biggest takeover of an Australian company on record. The deal accelerates consolidation of the global retail property sector as it grapples with challenges from online retailers led by Amazon.com. It comes on the heels of world […]

Investor interest in German commercial real estate has risen above even London’s buoyant market, according to research. “Germany is seen as the safe haven of Europe, it has the strongest economy, a liquid market and the ongoing political uncertainty is not making markets worried,” Thomas Schneider, chief investment officer and founder of online marketplace BrickVest, […]

Data from the Office of National Statistics (ONS) released Tuesday revealed U.K. inflation at 3.1 percent, the highest level since March 2012. This puts consumer prices for November up 0.1 percent from October’s consumer price index (CPI) rate of 3 percent, which was already a five-and-a-half year high. The new figures are in line with […]

European stocks are expected to open higher Tuesday morning, as investors monitor upcoming policy meetings from the U.S. Federal Reserve and the European Central Bank (ECB). The FTSE 100 is seen 23 points higher at 7,466; the German DAX is expected to start up 42 points at 13,160 and the CAC 40 is seen higher […]

President Donald Trump‘s decision to recognize Jerusalem as the capital of Israel was “ill-advised” and has probably “significantly” set back the peace process , former U.S. Secretary of Defense Robert Gates told CNBC Tuesday. “I think it was ill advised,” Robert Gates told CNBC, “I’m not quite sure if there’s a strategy behind it or […]

The finance ministers of Europe’s five largest economies called in a letter to Treasury Secretary Steven Mnuchin for the U.S. to rethink tax reform proposals that they said were discriminatory and could harm the financial sector and international trade. In the letter, seen by Reuters, the finance ministers of Britain, France, Germany, Italy and Spain […]