In a significant development, U.S. manufacturing output in June surged to its peak in more than 74 years with motor vehicle production accelerating midst the reopening of businesses. However, the economic recovery is threatened by rising COVID-19 infections. The rise… Read More ›
French Finance Minister, Bruno Le Maire said, the French government plans on cutting taxes French companies have to pay in addition to normal corporate income tax by $22.8 billion (20 billion euros) over the next two years. “It will be… Read More ›
On Wednesday, in a significant development, Europe’s second-highest court rejected an EU order directing Apple to pay $15 billion (13 billion euros) in Irish back taxes, in what is a setback to the bloc’s attempts to crackdown on sweetheart tax… Read More ›
A central Texas county has approved a plan to provide $1.1 billion in tax subsidies to Tesla Inc, if it were to build its vehicle factory in the area. The development comes in the backdrop of Texas competing with Oklahoma… Read More ›
Following the imposition of China’s draconian security law over Hong Kong in clear violation of the 1984 Joint Declaration between Britain and China, U.S. President Donald Trump signed an executive order blocking the U.S. property of persons who helped undermine… Read More ›
On Tuesday, Britain’s Digital Secretary Oliver Dowden told parliament, Canada shares a common approach to Britain’s ban on new Huawei equipment for 5G. “The U.S. and Australia have already taken decisions in this respect. I think the Canadians have a… Read More ›
On Tuesday, in a statement, China’s commerce ministry stated, a “warning” given by the United States’ to U.S. companies which are working in the western Xinjiang region has resulted in destabilizing the global supply chain. Earlier this month, the U.S…. Read More ›
In a significant development, the Trump Administration plans on scrapping a 2013 U.S.-China agreement on auditing, said a senior State Department official. The move could potentially foreshadow a broader crackdown on U.S.-listed Chinese firms which routinely side step U.S. accounting… Read More ›
In a significant development that sends a strong message to the Chinese leadership, Washington has rejected all claims made by Beijing in the South China Sea. So far, China has not offered any coherent legal basis for its ambitious claims… Read More ›
In a report, the Financial Times cited WeWork’s Executive Chairman Marcelo Claure as saying, the office-sharing company was on course to report a positive cash flow in 2021 – a year earlier than the target it had set in February…. Read More ›
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