Category Archives: Economy
Yellen: Compete on economic strengths, not low tax rates
U.S. Treasury Secretary Janet Yellen said Sunday that deterring the use of tax havens will let countries compete on economic fundamentals — instead of by offering ever-lower tax rates that deprive governments of money for infrastructure and education. ...
Slovenian voters reject changing water protection law
LJUBLJANA, Slovenia (AP) — Slovenian voters on Sunday overwhelmingly rejected changes to the country's water management law, a development seen as a blow to the country's right-wing leader.
12 killed as bus carrying migrants overturns in east Turkey
ISTANBUL (AP) — A minibus carrying migrants overturned and caught fire in eastern Turkey, killing 12 people and injuring 20 others, the state-run Anadolu news agency reported Sunday.
Historic Warsaw store, seeking rebirth, hit by pandemic
WARSAW, Poland (AP) — The Jablkowski Brothers Department Store was once a Warsaw landmark that revolutionized shopping and brought goods to a modernizing society in the early 20th century. But unlike Harrods in London and other Western counterparts, th...
South Africa ramps up vaccine drive, too late for this surge
JOHANNESBURG (AP) — Some in wheelchairs, others on canes, hundreds of South Africans waited recently on the ramps of an open-air Johannesburg parking garage to get their COVID-19 vaccine shots. Despite the masks, social distancing and blustery weather ...
Review prompted by building collapse closes Miami courthouse
MIAMI (AP) — The Miami-Dade County Courthouse will begin undergoing repairs immediately because of safety concerns found during a review prompted by the deadly collapse of a nearby condominium building, officials said.
For MLB All-Star Game, right/left divide goes beyond field
DENVER (AP) — Debates about right and left at the All-Star Game used to deal with pitchers or perhaps batting orders.
Finance minister says Canada is committed to proposed global corporate tax rate
VENICE, Italy — Canada stands firmly behind a two-pillar plan to enact sweeping reforms to the global corporate tax system and limit multinational companies' capacity to shop around for lower tax rates, the country's finance minister said Saturday. Ch...
G-20 finance ministers back plan to stop use of tax havens
Top finance officials representing most of the world's economy have backed a sweeping revision of international taxation that includes a 15% global minimum corporate levy to deter big companies from resorting to low-rate tax havens.
Government raises price of staple bread once more in Lebanon
BEIRUT (AP) — For the seventh time in a year, Lebanon’s economy ministry announced on Saturday new prices for bread, slowly removing subsidies as the country sinks deeper into a dire economic and political crisis.
