Flybe Group Plc, Europe’s largest regional airline, plans to shut bases in Aberdeen and Inverness in Scotland, Newcastle upon Tyne in northern England and on Jersey, Guernsey and the Isle of Man as it cuts almost 500 jobs.
Google Inc., Facebook Inc. and LinkedIn Corp. wound up in Ireland because they could reduce their tax bills. Their success is leading European and U.S. politicians to label the country a tax haven that must change its ways.
Senator John McCain said Ireland still faces questions on how corporations use the country to lower taxes after Finance Minister Michael Noonan moved to calm a controversy triggered by Apple Inc.’s practices.
The Isle of Man, a self-governing British Crown dependency in the Irish Sea, has been approached to host a trial gas production and carbon-capture project as the island seeks to become a hub for exports of renewable energy.
It’s a Wednesday night in London, and Vincent Tchenguiz, the biggest owner of residential real estate units in the U.K., is getting wound up about the criminal case that paralyzed his business and threatened to land him in prison.