Tech giants and tax havens targeted by historic G7 deal
The United States, Britain and other large, rich nations reached a landmark deal on Saturday to squeeze more money out of multinational companies such as Amazon and Google and reduce their incentive to shift profits to low-tax offshore havens. Hundreds of billions of dollars could flow into the coffers of governments left cash-strapped by the […]
Australian job advertisements jump 7.9% in May – ANZ
Australian job advertisements climbed for a 12th straight month in May to reach their highest since 2008, suggesting demand for labour could withstand both a coronavirus lockdown in Victoria and the removal of some government support programmes.
Explainer: What is a global minimum tax and what will it mean?
Finance Ministers from the Group of Seven (G7) rich nations reached a landmark accord on Saturday backing the creation of a global minimum corporate tax rate of at least 15%, an agreement that could then form the basis of a worldwide deal.
Ireland confident G7 tax deal won’t dent multinational investment
Ireland’s finance minister said he remained confident the country’s low-tax economy would continue to attract multinational investment and jobs even as an overhaul of global corporation tax rules moved a major step closer on Saturday.
Ackman reinvents SPAC in Universal Music deal talks
William Ackman’s Pershing Square Tontine Holdings (PSTH.N) said on Friday it was in talks to buy 10% of Universal Music Group at a 35 billion euro ($42 billion) valuation, in a departure from the playbook of special purpose acquisition companies (SPACs).
Fewer Americans blame COVID for preventing them from seeking work
Fewer Americans are citing the coronavirus pandemic as the reason why they’re not looking for work as more people are getting vaccinated and unemployment steadily declines.
Analysis: India’s vaccine inequity worsens as countryside languishes
Urban Indians are getting COVID-19 shots much faster than the hundreds of millions of people living in the countryside, government data shows, reflecting rising inequity in the nation’s immunisation drive. In 114 of India’s least developed districts – collectively home to about 176 million people – authorities have administered just 23 million doses in total. […]
Trafigura, Yara sign MoU on clean ammonia for shipping fuel
Global commodities trader Trafigura (TRAFGF.UL) and Norway’s Yara (YAR.OL) said on Monday they had signed a memorandum of understanding (MoU) aiming to supply the marine industry with carbon emissions-free ammonia for fuel. Under the plan, Yara is to supply Trafigura with clean ammonia, and the firms are to jointly conduct research as well as develop marine fuel […]
Swiss to vote on whether to become first European nation to ban synthetic pesticides
Switzerland could become the first European country to ban artificial pesticides in a June 13 referendum which backers of the initiative hope will trigger similar prohibitions elsewhere.
Global money market funds lure massive inflows in the week to June 2-Lipper
Global money market funds attracted heavy investment flows in the week to June 2, as investors were cautious about the likelihood of global central banks tapering their monetary stimulus policies amid a rise in inflation levels.
