Greeks are notoriously reluctant to pay taxes, but even those that do are holding off at the moment until they are sure their country stays in the euro zone. State coffers are on track for a 10% fall in revenues this month as a result, a senior finance ministry official said on Wednesday. Two tax

European shares ended a two-day rally and safe-haven assets such as the dollar rose on Wednesday, as investors doubted any new measures to tackle the euro-zone debt crisis would emerge from a European leaders summit and on renewed talk of a Greek exit. The euro hit a 21-month low and commodities and commodity-linked currencies all

Saudi Arabia has signed a $3 billion deal with Britain to buy trainer jets, the official news agency SPA said on Wednesday citing an unnamed official at the Saudi Defence Ministry. It quoted the source as saying the deal would help train "the Saudi air force to be able to use the fighter jets… efficiently".

Greece's exit from the euro will be "unavoidable" if anti-austerity radicals win a June 17 election and halt painful economic reforms, a leading German conservative was quoted on Wednesday as saying. Alexander Dobrindt, deputy leader of the Christian Social Union (CSU), one of three parties in Chancellor Angela Merkel's centre-right coalition, has said in the

British luxury brand Burberry posted a 26 percent jump in profit as expected and said it would invest up to 200 million pounds ($316 million) in new outlets and expanding existing stores in London, Chicago and Hong Kong. The 156-year-old seller of raincoats and leather goods, known for its camel, red and black check pattern,

As Facebook officials traveled the country to talk up the company's $16 billion initial public offering this month, the social networking giant advised analysts for underwriters to reduce revenue and earnings forecasts, said people with direct knowledge. Facebook decided to tell analysts to cut estimates due to feedback during the investor roadshow which revealed users