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From COMPANIES 10:55pm

Apple chief defends tax practices

Apple CEO Tim Cook (C), CFO Peter Oppenheimer (L) and Apple Head of tax operations Philip Bullock are sworn in to testify at a Senate homeland security and governmental affairs investigations subcommittee hearing on offshore profit shifting and the U.S. tax code, on Capitol Hill in Washington, May 21, 2013. Apple Inc came under fire on Tuesday at a Senate hearing over an investigation that alleged the U.S. high technology icon has kept billions of dollars in profits in Irish subsidiaries and paid little or no taxes to any government. ©Reuters

‘We pay all taxes we owe, every single dollar,’ says Cook

From WORLD 5:26am

BoJ holds off on fresh monetary easing

Central bank sees signs that the economy is ‘picking up’

From COMPANIES 11:59pm

Dimon victory despite investor backlash

JPMorgan shareholders deliver protest vote against directors

From COMPANIES 10:11pm

Fiat Industrial to move tax home to UK

Blow to Italy where new coalition is seeking to staunch outflows

From COMPANIES 9:20pm

SAP seeks programmers with autism

Group believes people with condition can ‘spark innovation’

More UK news

Nigel Andrews at Cannes

'Like Father, Like Son'

The festival has featured a cluster of films about families in crisis – plus, a Coen brothers gem

In this Saturday, May 11, 2013 photo, former President Akbar Hashemi Rafsanjani, waves to media, as he registers his candidacy for the upcoming presidential election, while his daughter Fatemeh, smiles at second right, at the election headquarters of the interior ministry in Tehran, Iran. On Saturday Rafsanjani's made a last minute surprise decision to enter Iran's presidential election process, which now includes more than 680 hopefuls and will culminate June 14 with just a handful of names on the ballot to succeed Mahmoud Ahmadinejad. In one of his first statements since joining the race, Rafsanjani spoke in general terms Sunday of seeking a new ``economic and political'' rebirth in a time of ``foreign threats and sanctions.'' ©AP From WORLD 8:02pm

Rafsanjani banned from presidential poll

Ally of Ahmadi-Nejad also excluded from Iran election

A pedestrian passes before a share prices board in Tokyo on May 20 2013. ©AFP Global Market Overview from MARKETS 4:22am

Asian shares rally ahead of Bernanke testimony

Investors await Federal Reserve chairman’s appearance before Congress

Li Keqiang with Tata Group's Cyrus Mistry and N. Chandrasekaran ©AFP From COMPANIES 2:42pm

Chiefs talk up India-China trade target

More work needs to be done on corporate links spanning Asian powerhouses

Xbox One video game console ©AFP From COMPANIES 8:58pm

Microsoft unveils new media-friendly Xbox

Console emphasises live TV in addition to video games

A picture taken on October 23, 2012 in Rennes, western France, shows a finger touching the screen of a handheld device that features a logo of the micro-blogging site Twitte ©AFP From COMPANIES 8:54pm

Twitter wins over teens in race for users

Survey reveals social media landscape is evolving fast

More on FT.com

gideon rachman

Cameron Meets Merkel In Meseberg ©Getty What can David Cameron do in his famous EU renegotiation? Not much

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