United Airlines Sued Over Alleged Tax Dodge

One of America's largest airlines is accused of falsely claiming to buy huge amounts of jet fuel out of a small, rural Illinois office to avoid tens of millions of dollars in taxes. Chicago's Regional Transportation Authority (RTA) alleges United Aviation...

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Burberry Boosted By Late Christmas Shopping

Burberry has reported a rise in revenue of almost 10% as its wealthiest customers continue to spend despite the economic downturn. The luxury brand said revenue was £613m in the three months to December 31 - up 9% on an underlying basis. The 157-year-old...

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Europe: Referendum Risks 'Chilling' Economy

Uncertainty over the UK's position in the European Union will threaten the British economy, Nick Clegg has claimed in a stark warning to David Cameron. The Deputy Prime Minister suggested the ongoing question about the UK's relationship with the EU...

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Facebook Tipped To Boost Search Functions

Facebook is holding a mystery "press event", triggering a guessing game about what it could unveil - with suggestions ranging from a smartphone to a search engine. The company has not said what it plans to announce at the media briefing at its headquarters...

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Energy Bill Rises Keep Inflation At 2.7%

Rises in home energy bills kept the headline measure of inflation steady at 2.7% in December. The Office for National Statistics (ONS) confirmed that the annual rate of inflation, as measured by the Consumer Prices Index (CPI), was static for the third...

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BA Employee Nadia Eweida Wins Cross Case

A British Airways employee has won a landmark legal battle over her right to wear a cross at work. The European Court of Human Rights (ECHR) ruled that Nadia Eweida, a Coptic Christian, had been discriminated against under freedom of religion laws....

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HMV Collapse: Gift Cards And Vouchers Invalid

HMV has confirmed it will not be accepting gift cards or vouchers from customers as the retailer prepared to collapse into administration. The company confirmed its intentions after a board meeting, as exclusively revealed by Sky's City Editor Mark...

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Bonuses: Goldman Bankers To Pay Top Tax Rate

Goldman Sachs has become the first of the major banks operating in the UK to confirm it will not delay bonus payments so staff avoid paying the 50p tax rate. The 50p top rate of income tax is replaced by a new higher rate of 45p on April 6 under reforms...

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Power Rangers Owner Eyes Bid For Lee Cooper

By Mark Kleinman, City Editor The new private equity partner of Topshop and the owner of the Power Rangers are among the bidders vying for control of Lee Cooper, the clothing brand. I understand that Authentic Brands Group, a company backed by...

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John Smith's Brewer Denies Tax Saving Claims

Drinkers of John Smith's Extra Smooth may soon find they have to pay more for a pint of the popular bitter - just as its alcohol strength is reduced. From next month, Heineken - which owns the brand - plans to weaken the beer's alcohol content in a...

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