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Euro sinks to nine-year low against dollar

Five Euro Note

The euro sank to a nine-year low against the dollar on Monday as the beleagured eurozone, dogged by fears of deflation and a Greek exit from the currency bloc, was throw into sharp contrast with a soaring US economy.

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Amazon’s Luxembourg tax deal to be scrutinised by Brussels

Brussels is to give its first detailed criticisms of Amazon’s favourable tax arrangements in Luxembourg on Friday in a move that may shed unwelcome light on the financial workings of the Grand Duchy under its former prime minister, Jean-Claude Juncker, who now heads the EU executive.