Business Mar 26, 2013

Cyprus bailout's long-term impact uncertain

European leaders Monday hailed a last-minute bailout for Cyprus as an important step in defending their unified currency, but some officials and analysts questioned whether the deal raised new problems that could still threaten the survival of the euro. The arrangement will grant Cyprus $13 ...

World Mar 22, 2013

U.S. Congress approves temporary spending bill to keep government open

The U.S. Congress approved a short-term funding bill Thursday that ends the possibility of a federal government shutdown next week, but a broader budget battle about taxes and spending for 2013 is only just beginning. The stop-gap spending resolution, approved on a broad bipartisan vote ...

Business / Economy Mar 22, 2013

Key points of U.K. austerity budget

London AFP-JIJI Chancellor of the Exchequer George Osborne announced revisions to economic growth forecasts from the Office for Budget Responsibility. He said the economy is expected to avoid sliding into a triple-dip recession in the first quarter of 2013. The forecast for GDP ...

National Feb 24, 2009

Asahi Shimbun penalized for evading taxes

Tax authorities have told Asahi Shimbun Co. it failed to declare about ¥518 million in income, including ¥397 million in concealed income, for five years to March 2008, company officials said Monday. The heads of the editorial departments of the major newspaper company's Tokyo, Osaka, ...