City News

Google: We pay 'fair' tax amount in the UK

Matt Brittin, pictured, president of Google Europe, Middle East and Africa, is being questioned by MPs

Google has insisted that it pays a "fair" amount of tax in the UK, as one high-paid executive came under fire from MPs after admitting he did not know how much he earned.

US market slumps after early rally

Materials and energy companies fell more than the rest of the market

An early rally on the US stock market was mostly gone by the closing bell, leaving indexes with a mixed finish after being up most of the day.