Business

Business Taxes and more taxes: Greeks grapple with new price hikes Taxes and more taxes: Greeks grapple with new price hikes
In return for getting a bailout request to European creditors off the ground, the government of Prime Minister Alexis Tsipras has had to enact a series of confidence-building measures, the biggest of which was a steep increase in the sales tax from 13 to 23 percent.
Business Canada auto parts giant Magna to buy Germany's Getrag Group
Auto parts maker Magna International Inc. will pay about US$1.93 million (1.76 billion euros) to buy the Getrag Group, a German supplier of automotive transmissions for car manufacturers such as Ford, BMW, Daimler and others.
Business Thai police: alleged blackmailer of Saudi oil firm confesses
Thai police say a Swiss man has confessed to blackmailing his former employer, a Saudi oil exploration company, by threatening to reveal documents with information about alleged financial wrongdoing linked to the Malaysian government.