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BUSINESS DAILY

A daily update on the latest business and economic news. Live on weekdays at 8.15 am Paris time.

Latest update : 2013-11-01

RBS to create internal 'bad bank' for €45 billion of toxic loans

Royal Bank of Scotland, which is 81% owned by the UK government, announces it is to create an internal ‘bad bank’ for around €45 billion worth of toxic loans. Plus, 20 years after the Maastricht Treaty paved the way for the creation of the euro, Europeans are less enthused by the idea of closer integration.

By Stephen Carroll

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Archives

2018-01-18 Apple

Apple to pay $38 billion in US taxes by moving cash home

Apple says it will pay $38 billion in taxes to the United States as it takes advantage of a discounted rate to move its massive cash pile back from abroad. The iPhone maker also...

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2018-01-17 Bitcoin

Bitcoin takes a tumble over regulation fears

The value of Bitcoin has tumbled by more than ten percent so far this week, as investors fear increased regulation in China and South Korea. Also today, a warning of a slowdown...

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2018-01-16 tourism

Spain set to overtake US in tourism rankings

Spain is set to overtake the United States in global tourism rankings, according to the latest figures from the World Tourism Organization. We take a look at how the industry is...

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2018-01-15 Detroit

Detroit Motor Show kicks off with trucks taking centre stage

The Detroit Motor Show has kicked off with US carmakers showcasing what they do best: trucks and SUVs. The trade fair comes after the US car industry last year saw its first drop...

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2018-01-12 Dairy

French contaminated baby milk scandal widens

French dairy giant Lactalis is under fire after the discovery that its baby milk formula continued to be sold after a December recall over concerns it could be contaminated with...

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