The finance ministers of France, Germany, Italy and Spain said in a joint letter that instead of only taxing on the profits made as of now, they want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues. There are many countries in Europe that are frustrated at the low…
Following a racially divisive social-media campaign in South Africa, Bell Pottinger LLP has put itself up for sale after being expelled from the U.K.’s public-relations industry body and losing clients. Financial adviser BDO has been hired “to look at all options regarding the future of the business,” by the London-based PR firm, founded by Margaret…
This is likely to be a huge opportunity for private players, including MNCs, to help modernise Israel’s infrastructure. In a significant development, Israeli Prime Minister Benjamin Netanyahu has disclosed at the start of Israel’s weekly cabinet meeting, that he would soon unveil a multi-year infrastructure spending plan worth more than $28 billion The planned projects…
There were tensions as the European Union’s negotiator mocked Prime Minister Theresa May even as Brexit talks ended in stalemate, with both sides deadlocked over the divorce bill. Britain wants a deal that’s impossible to achieve and is refusing to acknowledge its financial obligations, Michel Barnier said. The “sufficient progress” needed to move on to…
A global powerhouse worth $280 billion on China’s Valentine’s Day was created by matching the country’s top coal miner with one of its biggest utilities as Beijing announced its latest arranged marriage. But the union may spark jealousy elsewhere even as couples across the country celebrated the Qixi Festival. A bigger rival with an outsized…
Worries of fresh tension between Washington and Pyongyang were raised after North Korea fired a missile over northern Japan which resulted in world stocks tumbling and safe-haven assets soaring on Tuesday. A rally in the euro to above a key level chipped in to put regional stocks on track at one point for their biggest…
Portraying German Chancellor Angela Merkel as slow to tackle the country’s diesel-car crisis, soft on Turkish President Recep Tayyip Erdogan and out of touch with voters, her main election opponent stepped up his attacks on her record. Merkel, whose Christian Democratic-led bloc leads the SPD by as many as 17 percentage points in national polls,…
Although it has played down this notion, it has not rejected it and has in fact taken steps towards being one. On Friday, in a significant development, German Foreign Minister talked to his Russian counterpart Sergei Lavrov on the North Korea crisis, said Russia’s Foreign Ministry. On Wednesday Germany had stated it would do everything…
The globe’s two biggest emerging economies are squaring off over their shared border while the world has focused on North Korea. A hot spot for increasing military tension in recent months has been China and India’s borderlands, though geographically desolate and inhospitable. Given that both are equipped with nuclear weapons, the situation could escalate even as the two…
In a proposal cheered by British businesses but which is likely to raise eyebrows on the continent, U.K. wants to maintain tariff-free, bureaucracy-light trade with the European Union for a period after Brexit and perhaps permanently, the U.K. government said. After it leaves in March 2019, it will seek to negotiate a “close association” with the…
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