Chinese leader Xi Jinping pushed world leaders to accept China-made vaccines while lodging complaints about Western inquiry into the COVID-19 virus origin during a virtual address at the Group of 20 summit in Rome. Speaking on Oct. 30 via video link, Xi boasted about the country’s vaccine outreach, which saw 1.6 billion doses of Chinese…
Xi Pushes G20 Leaders to Recognize China’s Vaccines, Complains About Virus Origin Tracing Efforts
October 30, 2021
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G20 Leaders Endorse Global Minimum Corporate Tax
October 30, 2021
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Business & EconomyCompaniesEconomieseconomyEuropeExecutive BranchG20global minimum taxInternationalMarketsPoliticsUSUS NewsWorld
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Treasury Secretary Janet Yellen has confirmed that leaders of the world’s 20 biggest economies (G20) have endorsed a “historic agreement” on new international tax rules, including a global minimum corporate tax. A senior White House official told reporters on Friday that G20 leaders would this weekend formalize their endorsement of a deal establishing a global minimum…
Australian PM Says French President’s Call a Positive Sign for Strained Relationship
Prime Minister Scott Morrison has said that French-Australian diplomatic ties are heading back in the right direction after a phone call with President Emmanuel Macron. Morrison spoke to his French counterpart on Thursday for the first time since Australia scrapped a $90 billion submarine deal with Naval Group and opted instead for an agreement with…
Australian PM to Urge Global Action on Social Media at G20
Australian Prime Minister Scott Morrison has declared that social media companies should be held accountable for any harm done when anonymous users post “their vile rubbish” on their sites. “They’re publishers, not just platforms,” he said, referring to social media companies. Morrison made his remarks on Thursday ahead of his trip to the Group of…
Trudeau Headed to Europe as G20 Leaders Meet in Person for First Time Since Pandemic
OTTAWA — Prime Minister Justin Trudeau is flying to Europe later this week touting Canada’s climate plan and post−pandemic recovery progress at leaders’ summits in Italy and Scotland. Trudeau’s six-day trip starts with an official visit to the Netherlands for meetings with Dutch Prime Minister Mark Rutte. From there he will go to Rome for…
OECD Warns Developed Economies to ‘Remain Vigilant for Signs of More Persistent Inflation’
October 25, 2021
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Business & EconomyCOVID-19 vaccinationsEconomiesFederal ReserveG20inflationInternationalvaccine rolloutWorld
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The Organization for Economic Cooperation and Development (OECD) has warned developed economies to “remain vigilant” for signs of “persistent inflation.” In its September 2021 economic outlook, the intergovernmental economic organization noted that “a rapid increase in demand as economies reopen has pushed up prices in key commodities such as oil and metals.” “Food prices are also rising…
G20 Finance Chiefs Back Tax Deal, Pledge to Sustain Recovery, Watch Inflation
WASHINGTON—Finance leaders from the G20 major economies on Wednesday endorsed a global deal to revamp corporate taxation and pledged to sustain fiscal support for their economies while keeping a close eye on inflation. The G20 finance ministers and central bank governors also said in a communique issued after a meeting in Washington that the International…
Trudeau Joins G20 Leaders in Pushing Taliban for Aid Access, Respect for Rights
OTTAWA—Canada joined its G20 allies in pushing Afghanistan’s new Taliban rulers to allow humanitarian aid to better reach the country’s suffering people. During a virtual summit, Prime Minister Justin Trudeau and his fellow G20 leaders discussed the crisis in Afghanistan created by the Taliban rout of Kabul’s Western-backed government. The European Union emerged from the…
UK Seeks to Rally G20 Against Unfair Trade Practices
LONDON—British trade minister Anne-Marie Trevelyan will on Tuesday push her G20 counterparts to end what she called market-distorting practices and rally behind World Trade Organization reform. Trevelyan, who took up the post last month in a ministerial reshuffle, will pick up where her predecessor Liz Truss left off: arguing for a level playing field on…
Global Corporate Minimum Tax Sceptics Say ‘Cartel’ Will Lead to Higher Taxes
The global minimum tax has its share of sceptics who foresee higher taxes and other economic hits from the scheme aimed at large multinationals that avoid paying taxes by shifting profits to tax-friendly countries.
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