Bank looked for evidence of whether loans to president were underpinned by guarantees from Moscow, Guardian learns
The scandal-hit bank that loaned hundreds of millions of dollars to Donald Trump has conducted a close internal examination of the US president’s personal account to gauge whether there are any suspicious connections to Russia, the Guardian has learned.
Deutsche Bank, which is under investigation by the US Department of Justice and is facing intense regulatory scrutiny, was looking for evidence of whether recent loans to Trump, which were struck in highly unusual circumstances, may have been underpinned by financial guarantees [...]
Boeing share price briefly plummets after president-elect claims project is costing $4bn: ‘I think Boeing is doing a little bit of a number’
Donald Trump has called for Boeing to lose its contract to build Air Force One, the president’s private airplane, citing what he claimed was a $4bn price tag.
“Boeing is building a brand new 747 Air Force One for future presidents, but costs are out of control, more than $4 billion. Cancel order!” the president-elect wrote on Twitter.Continue reading...
European commission says Apple got illegal help with tax breaks but CEO Tim Cook says ruling threatens investment in Europe
Apple has warned that future investment by multinationals in Europe could be hit after it was ordered to pay a record-breaking €13bn (£11bn) in back taxes to Ireland.
The world’s largest company was presented with the huge bill after the European commission ruled that a sweetheart tax deal between Apple and the Irish tax authorities amounted to illegal state aid.Continue reading...
In Der Spiegel interview German finance minister rules out Britain’s chances of enjoying bloc benefits from outside EU
Germany’s finance minister, Wolfgang Schäuble, has slammed the door on Britain retaining access to the single market if it votes to the leave the European Union.
In an interview in a Brexit-themed issue of German weekly Der Spiegel, the influential veteran politician ruled out the possibility of the UK following a Swiss or Norwegian model where it could enjoy the benefits of the single market without being an EU member.