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May 6, 2021

Organisation for Economic Co-operation and Development

Breakingviews – Path out of global tax combat is slowly emerging

WhatsApp and Facebook messenger icons are seen on an iPhone in Manchester , Britain March 27, 2017. LONDON (Reuters Breakingviews) – A long slog to make international corporate tax rules fit for the digital age is nearing a breakthrough. Obstacles remain, but a path that gets around them is slowly......

Exclusive: World Bank, IMF eye ways to link debt relief to climate change spending

WASHINGTON (Reuters) – The World Bank and the International Monetary Fund are planning to launch a platform to advise poor countries on funding climate and conservation activities, amid a broader push that could link such spending to debt relief, according to a draft document seen by Reuters. FILE PHOTO: International......

World gets ‘failing’ grade for COVID-19 preparedness, OECD says

LONDON (Reuters) – Tensions between Britain and the European Union over the supply of COVID-19 vaccines show how the world deserves a “failing” grade for its past efforts to prepare for unexpected shocks, OECD chief Angel Gurria said on Tuesday. Gurria, a former Mexican finance minister who has headed the......

Australia’s Cormann to be proposed as OECD’s new secretary-general

FILE PHOTO: Australia’s Finance Minister Mathias Cormann attends a session at the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. REUTERS/Denis Balibouse PARIS (Reuters) – Former Australian finance minister Mathias Cormann said on Friday that he would be proposed as the new secretary-general of the......

Global debt issuance to dip to $8 trillion in 2021 – S&P Global

Buildings are seen in the Canary Wharf business district, amid the outbreak of the coronavirus disease (COVID-19), in London, Britain January 27, 2021. REUTERS/Peter Cziborra LONDON (Reuters) – The amount of debt issued by governments and companies around the world is expected to dip to $8 trillion this year, credit......

Yellen, UK’s Sunak discuss cooperation on pandemic, climate, taxes: U.S. Treasury

FILE PHOTO: Janet Yellen, U.S. President-elect Joe Biden’s nominee to be treasury secretary, speaks as Biden announces nominees and appointees to serve on his economic policy team at his transition headquarters in Wilmington, Delaware, U.S., December 1, 2020. REUTERS/Leah Millis/File Photo WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen on......

Germany’s Scholz congratulates Yellen, wants to tackle digital tax

FILE PHOTO: German Finance Minister Olaf Scholz attends a news conference following talks with state leaders to discuss anti-coronavirus measures at the Chancellery in Berlin, Germany December 13, 2020. Bernd von Jutrczenka/Pool via REUTERS/File Photo BERLIN (Reuters) – German Finance Minister Olaf Scholz on Tuesday welcomed the U.S. Senate confirmation......

COVID-19 shook, rattled and rolled the global economy in 2020

(Reuters) – When 2020 dawned, the global economy had just notched its 10th straight year of uninterrupted growth, a streak most economists and government finance officials expected to persist for years ahead in a 21st Century version of the “Roaring ‘20s.” FILE PHOTO: Employees wearing face masks work at a......

Gold hubs including UAE pledge support for crackdown on illegal trade

By Peter Hobson, Maha El Dahan LONDON/DUBAI (Reuters) – Eleven gold trading hubs including the United Arab Emirates have declared their support for an initiative by the world’s most influential bullion market authority to improve regulation on issues such as money laundering and unethical sourcing of gold. FILE PHOTO: Gold......

Breakingviews – France picks wrong tax fight with United States

The logos of mobile apps, Google, Amazon, Facebook, Apple and Netflix, are displayed on a screen in this illustration picture taken December 3, 2019. LONDON (Reuters Breakingviews) – French Finance Minister Bruno Le Maire wants U.S. President-elect Joe Biden’s help on corporate tax reform. Unfortunately, he’s going about it the......

G20 to discuss post-pandemic world, back debt relief

BRUSSELS (Reuters) – Leaders of the 20 biggest world economies (G20) will debate this weekend how to deal with the unprecedented COVID-19 pandemic that has caused a global recession and how to manage the recovery once the coronavirus is under control. United Nation Secretary General, Antonio Guterres, conducts virtual press......

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