Zara’s celebrity chic helps make its Spanish parent company, Inditex SA, the world’s biggest fashion retailer. Singer Taylor Swift, reality-television personality Kim Kardashian and Kate Middleton, Prince William’s wife, have all been spotted wearing the stylish, low-cost brand.
The U.S. Senate Permanent Subcommittee on Investigations will hold a hearing on a crackdown on offshore tax evasion that has stalled as prosecutors conduct criminal probes of 14 banks, including Credit Suisse Group AG.
Here’s what to look out for when finance ministers and central bankers from the Group of 20 nations meet in Sydney this weekend. Federal Reserve Chair Janet Yellen, European Central Bank President Mario Draghi and U.S. Treasury Secretary Jacob J. Lew are among those set to attend.
International Business Machines Corp.’s borrowing costs are rising even as those of its peers fall, underscoring concerns that the world’s largest seller of computer services is struggling to find its place in the cloud.
As President Barack Obama renewed his criticism of tax laws that “reward companies that keep profits abroad,” the government he leads is taking a more subtle approach -- one that’s helping some of those companies.
Offshore financial centers, also known as tax havens, send “massive capital flows” to London and are unduly criticized in the U.K. for secrecy and helping tax avoidance, Conservative party lawmaker Mark Field said.