Britain takes step to classifying ‘green’ investments
Britain has set up a group of experts to help it classify climate-friendly assets and stop “greenwashing” of investments that don’t live up to their sustainable credentials.
Analysis: Big countries’ tax deal to reveal rift in Europe
A global deal on corporate tax looks set to bring to a climax a deep-seated European Union battle, pitting large members Germany, France and Italy against Ireland, Luxembourg and the Netherlands. read more
Biden supply chain ‘strike force’ to target China on trade
The United States will target China with a new “strike force” to combat unfair trade practices, the Biden administration said on Tuesday, as it rolled out findings of a review of access to critical products, from semiconductors to electric-vehicle batteries.
Palihapitiya’s $16 mln bet on Clover worth $682 mln on Reddit rally
Serial dealmaker Chamath Palihapitiya’s $16 million investment in the special purpose acquisition company (SPAC) that took Clover Health Investments Corp (CLOV.O) public was worth $682 million on Tuesday after a Reddit-fueled rally in the health insurer’s shares.
Wall Street grapples with new SPAC equity contracts after regulator crackdown
Wall Street accountants and lawyers are trying to figure out new equity agreements to lure investors back to the blank-check company market after the U.S. regulator cracked down on the use of warrants, six industry executives told Reuters.
G7 countries devise way to catch Amazon in tax net -sources
G7 states have found a way to include Amazon, one of the world’s biggest companies, on a list of 100 set to face higher taxes in the countries where they do business by targeting its more profitable cloud computing unit, officials close to the talks said.
U.S. IRS chief asks Congress for authority to collect cryptocurrency transfer data
U.S. Internal Revenue Service Commissioner Charles Rettig said on Tuesday that Congress needs to provide clear statutory authority for the tax agency to collect information on cryptocurrency transfers valued at over $10,000 that largely go unreported.
EXCLUSIVE Apple, Chinese manufacturers in talks on U.S. car battery factory -sources
Apple Inc (AAPL.O) is in early-stage talks with China’s CATL (300750.SZ) and BYD (002594.SZ), about the supply of batteries for its planned electric vehicle, four people with knowledge of the matter said.
U.S. to work with allies to secure electric vehicle metals
The United States must work with allies to secure the minerals needed for electric vehicle batteries and process them domestically in light of environmental and other competing interests, the White House said on Tuesday.
One password allowed hackers to disrupt Colonial Pipeline, CEO tells senators
The head of Colonial Pipeline told U.S. senators on Tuesday that hackers who launched last month’s cyber attack against the company and disrupted fuel supplies to the U.S. Southeast were able to get into the system by stealing a single password.
