Business headlines

CARS WILL NOW BE TAXED TWICE SAYS AA
The AA complains that the new vehicle tax system will provide the government with extra revenue, as some cars will, in effect, be taxed twice

MICROSOFT UNVEILS WINDOWS 10 SYSTEM
Microsoft announces the next version of its core operating system, called Windows 10, which will reintroduce the Start Menu.

EBAY TO SPLIT OFF PAYPAL BUSINESS
E-commerce site eBay is planning to split off its payments system PayPal into a separate company next year.

VIRGIN ASKS FOR FOOTBALL TV INQUIRY
Virgin Media asks Ofcom to investigate the way that the Premier League sells its TV rights, saying the present system is causing "significant consumer harm".

ALCOHOL FLOOR PRICE UNDER FIRE
Government measures to reduce the sale of cheap alcohol have been criticised by health researchers.

WONGA SEES PROFITS MORE THAN HALVE
Annual profits at payday lender Wonga have fallen by more than half, the company announces.

ARGENTINA DEFIES US OVER DEBT PAYMENT
Argentina deposits $161m in bond interest payments with the state-controlled Nacion Fideicomisos bank, in an effort to skirt US court rulings.

EU TO KEEP RUSSIA SANCTIONS IN PLACE
The EU decides to keep sanctions on Russia in place, judging that Ukraine's peace deal is not fully effective.

OBAMA AND MODI CALL FOR 'NEW AGENDA'
Indian PM Narendra Modi and US President Barack Obama call for a "new agenda" between their countries during Mr Modi's two-day visit to the US.

IRELAND GAVE 'STATE AID' TO APPLE
The European Commission publishes a letter it sent to Ireland accusing the country of giving Apple illegal state aid through special tax arrangements.