Dutch finance minister and Eurogroup President Jeroen Dijsselbloem hopes agreement can be reached in June

    EU finance ministers divided on tax avoidance

    25 May European Union finance ministers failed to agree new rules to counter tax avoidance and deferred until June a possible deal on clamping down on schemes by multinational companies to disproportionately reduce tax bills.

    Monsanto last night rejected the $62 billion takeover bid by Germany's Bayer as too low

    Monsanto rejects Bayer bid as 'inadequate'

    25 May US agribusiness giant Monsanto last night rejected the $62 billion takeover bid by Germany's Bayer as too low, but said it was willing to entertain further talks on a merger.

    GreeK PM Alexis Tsipras has brought in tough fiscal reforms which have led to new deal with the IMF and the EU

    Eurozone agrees debt deal with Greece, IMF

    25 May Eurozone governments have offered Greece debt relief in 2018, but left key details for later in a bid to bridge Germany's view that no immediate action was needed and the International Monetary Fund's call for decisions now.

    Microsoft to 'streamline' its smartphone business

    Microsoft to trim smartphone business

    25 May Microsoft has today announced more big cuts to its smartphone business, just two years after it bought handset maker Nokia in an ill-fated attempt to take on Apple and Samsung.

    The first of 15 Sukhoi Superjet 100 aircraft leased by CityJet has been delivered

    CityJet takes delivery of Russian passenger jet

    25 May CityJet has become the first western European airline to take delivery of the Russian-designed passenger jet that Vladimir Putin hopes will compete internationally with planes made by the likes of Bombardier.