Category Archives: Business
UK Treasury chief optimistic on tax deal targeting big tech
LONDON (AP) — Britain’s Treasury chief says he’s optimistic finance ministers from the world’s richest countries will agree on plans to help low-income countries combat COVID-19, slow global warming and confront tax avoidance during two days of meeting...
European regulators launch fresh probes of Facebook, Google
LONDON (AP) — European Union and British regulators opened dual antitrust investigations Friday into whether Facebook distorts competition in the classified advertising market by using data to compete unfairly against rival services.
Biden rebuffs GOP infrastructure offer, citing broader goals
WASHINGTON (AP) — President Joe Biden on Friday dismissed a fresh Republican infrastructure proposal that offered modestly more spending but fell short of “his objectives to grow the economy,” the White House said.
China urges closer Afghanistan ties as US withdrawal looms
BEIJING (AP) — China is urging closer security and economic cooperation with Afghanistan in an apparent effort to bolster its influence in the region as the U.S. and its allies prepare to withdraw their forces from the country.
Canadian economy lost 68,000 jobs in May, but lockdowns set to ease
OTTAWA — The Canadian economy lost 68,000 jobs last month and more dropped out of the labour force altogether, Statistics Canada said Friday, dampened by continued lockdowns that are now set to ease. TD senior economist Sri Thanabalasingam said there s...
The Latest: Mexico to use US vaccine doses at border
MEXICO CITY -- Mexican officials said Friday they will use 1 million U.S. doses of the Johnson & Johnson coronavirus vaccine to inoculate people along the border.
Biden widens list of Chinese firms off-limits for investment
China vehemently objected Friday to U.S. President Joe Biden’s expansion of a list of Chinese companies whose shares are off-limits to American investors because of their purported links to the Chinese military and surveillance.
EXPLAINER: Curbing tax avoidance by multinational companies
FRANKFURT, Germany (AP) — How can governments keep multinational companies from avoiding taxes by shifting their profits to low-tax countries? For
Watchdog: Syria has likely used chemical weapons 17 times
UNITED NATIONS (AP) — The head of the international chemical weapons watchdog told the U.N. Security Council that its experts have investigated 77 allegations against Syria, and concluded that in 17 cases chemical weapons were likely or definitely used...
Facebook suspends Trump for 2 years, then will reassess
Facebook announced Friday that former President Donald Trump’s accounts will be suspended for two years, freezing his presence on the social network until early 2023, following a finding that Trump stoked violence ahead of the deadly Jan. 6 insurrectio...
