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- New HondaJet prototype undergoes successful test flight
Honda Aircraft Co. said Monday that its fifth Federal Aviation Administration-conforming HondaJet, equipped with a production interior that will match its final aircraft, successfully completed its first 60-minute flight last week at its world headquarters in Greensboro.
The announcement came as part of several updates on the progress of the HondaJet at the 2013 European Business Aviation Convention and Exhibition in Geneva, Switzerland. The show is an important one in the aviation industry and…
- Germans blame euro zone crisis for Eurovision debacle
BERLIN (Reuters) - Germans lamented their unexpectedly poor showing at the Eurovision Song Contest, blaming Chancellor Angela Merkel's tough stance in the euro zone crisis for their failure to win any points from 34 of the 39 countries voting. Denmark's Emmelie de Forest won the event, watched by around 125 million people across Europe, with 281 points while German act Cascada was 21st out of 26 countries, getting just 18 points from Austria, Israel, Spain, Albania and Switzerland. ...
- Switzerland close to deal in U.S. tax dispute: finance minister
ZURICH (Reuters) - Switzerland is on the brink of a deal to settle a long-running dispute with U.S. authorities over Swiss banks accused of helping wealthy Americans evade billions of dollars of tax, the finance minister said on Saturday. "We hope that we will shortly be at the finishing line," Eveline Widmer-Schlumpf told Swiss radio in an interview. "The banks won't get it for nothing." Widmer-Schlumpf declined to say how high fines might be, but added: "It is clear that it will not be a pleasant solution. ...
- Swiss propose corporate tax reforms after EU pressure
By Caroline Copley BERNE (Reuters) - Switzerland outlined plans on Friday to reform the way it taxes companies as it seeks to counter criticism from Brussels while trying to remain attractive to the many multinationals based in the country. The Swiss have lured thousands of foreign companies including online retailer eBay and trading giant Glencore by taxing foreign profits at a lower rate than domestic earnings, a practice known as "ring fencing". ...
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