Apple has launched a legal challenge to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law, and deliberately picked a method to maximize the penalty.
Business


The United States and China concluded the final trade consultations of the Barack Obama's presidency on Wednesday in Washington D.C.

Aiming to provide the branded items and utensils with affordable prices for the customers, the fourth edition Nay Pyi Taw Expo and Car show kicked off on Wednesday.

The World Bank is raising its 2016 forecast for crude oil prices to $43 per barrel from $41 per barrel due to supply outages and robust demand in the second quarter.

Chinese President Xi Jinping talks up greater trade cooperation with Pacific Alliance bloc and Latin America during Santiago visit.

The Nippon Business Networking Based on New Idea kicked off at UMFCCI in Yangon on Sunday. The contest, under the Myanmar Business Competition 2016, tested seven finalists.

A favorable weather with fertile soil surrounding the rich volcano areas nurture the unique Ecuadorian roses, which have become the favorite of the Chinese market, since the bilateral relations have been strengthened in recent years.

The new Investment Law could improve the economic growth of the country as it’s expected to push the local businessmen to compete with the foreign investors, the business experts pointed out at the seminar in Yangon, Sunday.

Energy is the most interesting investment for US companies in Myanmar, American businessmen said after meeting with local counterparts and officials at a business matching Thursday.

The growth financing demands from micro, small and medium enterprises (MSMEs) remain high, as access to affordable long-term non-collateralized loans are still quite limited, micro finance service providers said.