A tax-cut war is spreading across Europe as leaders of the continent's biggest economies give up criticizing smaller neighbors for slashing business rates and decide to join them instead.
A South Korean appeals court yesterday upheld the conviction of two Samsung executives who helped the chairman of South Korea's biggest group illicitly transfer control over the business empire to his son.
The European Central Bank will stop using "code words" to signal interest rate changes when the current tightening cycle ends, German Bundesbank President Axel Weber vowed in an interview published yesterday.
The chief of South Korea's top automaker Hyundai Motor promised yesterday to honor his pledge to donate about $1 billion to charity as he appealed against a jail sentence for embezzlement.
The choice of a little-known outsider to be Siemens' new chairman could be a way out of the damaging scandals at the German engineering giant, analysts said.
Allowing more immigrants to enter the United States would hold down wages for skilled workers, former Federal Reserve Chairman Alan Greenspan (below) said on Monday.
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Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
Liu Shinan
