Business

Hopes for 'historic' global corporate tax deal as G7 meets

Finance ministers from wealthy G7 nations are on Saturday expected to announce support for a minimum global level of corporate tax, aimed at getting multinationals—especially tech giants—to pay more into government coffers ...

Business

Biden plans executive order after semiconductor crunch

The Biden administration is assessing immediate steps to address the semiconductor shortage and plans an executive order to shore up critical supply chain items, a White House spokeswoman said Thursday.

Business

Global watchdog proposes tax overhaul for Big Tech

A global economic watchdog on Monday proposed an overhaul of international tax rules to make sure big tech companies pay their dues, and warned that failure to adopt it would make the economic recovery from COVID-19 harder.

Business

EasyJet flies into first annual loss

EasyJet expects a pre-tax loss of up to £845 million for its fiscal year just ended as coronavirus travel restrictions slam passenger demand, the British no-frills airline said Thursday.

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