G20 sets growth priority to boost fragile recovery

MOSCOW: The G20 on Saturday agreed to make boosting growth and jobs, rather than deficit reduction, the short-term priority for the global economy as it battles to consolidate a "fragile and uneven" recovery.

Amazon told: time is up for tax avoidance

Tax structures used by Amazon to route billions of pounds from sales to British customers through Luxembourg, paying negligible UK tax, are among a series of international loopholes earmarked for closure in a programme of reforms backed by G20 nations.

France calls on Europe to ease off austerity

BRUSSELS (AP) — France has called on fellow European nations to ease off on painful austerity policies to give the economy some breathing space and avoid social upheaval.

France to Pledge New Investment Financing

French Finance Minister Pierre Moscovici says in an advance copy of a newspaper interview there will be fresh sources of financing behind President Francois Hollande's pledge to craft a new investment strategy to support the French economy.

Debt crisis: France must find €10bn of savings

France must find up to €10bn (£8bn) of savings to bring its budget deficit under control this year, finance minister Pierre Moscovici has said.