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HMRC demands £1m from scaffolder over £11,000 unpaid tax
LISBON: Taxman orders trader to pay an astonishing £930,000 when actual tax due was barely 2pc of this sum. A...
Portuguese wages cut to be returned ‘gradually’: Finance Minister
LISBON: Portugal’s finance minister has said that taxes should be reduced and wage cuts returned “gradually” over the next four...
TAP ruling by next week two proposals presented to purchase TAP
LISBON: State Company Parpública is set to present its findings by next week, at the latest, with regard to the...
Jordan’s water conservation project improves lives of 20,000 people in low income areas
AMMAN: Um Rakan will never forget the day she managed to fix a water leak at her house and show...
Qatar-supports Jordan solar power plant to be operational in 2016
AMMAN: Qatar’s Nebras-supported solar power plant project in Jordan will be fully operational in 2016. Nebras Power with its partners...
Greece ‘s minister of State hopes for 18 June deal despite IMF setback
ATHENS: Greece's state minister Alekos Flabouraris said he hopes a deal between Greece and its creditors will be reached by...
Greece needs tourists to bail it out now as industry contributes 17% of total economy
ATHENS: In this summer of discontent for Greece, tourism is needed more than ever to be the economy’s lifeboat. The...
Solar power now covers more than 1% of global electricity demand
ROME: Solar power now covers more than 1% of global electricity demand. In three countries in Europe – Italy, Germany...
NCSP Group’s Cargo Turnover reaches 58.7M tons for first 5 months 2015
COPENHAGEN: NCSP Group hereby reports that its consolidated cargo turnover for five months 2015 reached 58.7 million tonnes, exceeding that...
Euronay confirms purchase of 4 VLCCs
ATHENS: Euronav has confirmed it is in “advanced discussions” to purchase four VLCCs, but has not made an offer on...
Denmark’s Skibskredit eyes on IPO to boost its financial position
COPENHAGEN: A Danish ship finance bank has said it is looking at an IPO to help boost its financial position....
Cyprus to privatize Limassol port in Q1 of 2016
ATHENS: The government of Cyprus has changed the legal framework of the Cyprus Ports Authority (CPA), which will allow commercial...
India’s Reliance industries Ltd will start commercial 4G telecommunication services
MUMBAI: India's Reliance Industries Ltd will start commercial 4G telecommunication services by December, Chairman Mukesh Ambani said. Speaking at the...
Honda Motor Co to spend 44.8b yen for recall of cars fitted with air bag parts made by Takata
TOKYO: Honda Motor Co said on Friday it expects to spend 44.8 billion yen ($363 million) in quality-related costs to...
Multinationals plan to create centre to provide Swiss-style vocational education to young Indians
MUMBAI: Swiss multinationals established in India have declared plans to create a centre to provide Swiss-style vocational education to young Indians....
Maersk Line carries 7% more containers, reduces fuel consumption by 8%
COPENHAGEN: For anybody who is concerned that further growth in international trade and shipping will result in more pollution and...
Finnish govt finds means to boost its economic growth
HELSINKI: An agreement with labour market organisations on wage cuts and working hour extensions is key to the efforts of...
BIMCO supports latest report from Oceans Beyond Piracy
COPENHAGEN: BIMCO has continued its support for the Oceans Beyond Piracy (OBP) “The State of Maritime Piracy” report, launched today,...
Bali’s forex earnings from jewelry exports up to $13.2m
JAKARTA: Bali's foreign exchange earnings from jewelry exports more than doubled to US$13.2 million in the January-April period from only...
Taiwan stocks 0.56pts down at end of trade
TAIPEI: Shares in Taiwan closed little changed Friday amid lingering concerns over the debt problems in Greece as investors feared...
