The G20 countries should decide on how they want the richer countries to contribute some $100 billion worth of newly issued IMF reserves to poorer countries, the International Monetary Fund has said. The goal of the IMF was to be… Read More ›
Geopolitics
Didi Warns Of Hit To Its Revenues Due To App Removal In China
Following an order from Chinese regulators, Didi Chuxing, China’s biggest ride-hailing company removed its app from its app stores and later issued a warning that this move will have an impact on the revenues of the company. The app was… Read More ›
All major economies agree to minimum corporate tax of 15%
Following two days of negotiations, most of the countries negotiating a global overhaul of cross-border taxes have backed plans for new rules which will see companies being taxed at a minimum of 15%. According to Organisation for Economic Cooperation and… Read More ›
UN Report Forecasts International Tourism Not To Rebound Until 2023
A new study by the United Nations released on Wednesday forecast that there will be a stagnation in international tourism arrivals this year, except in some Western markets. That would result in losses of up to $2.4 trillion. The report… Read More ›
New Study Predicts 410 Million People At Risk Of Sea Level Rise Perils
A new study has shown that unless there is a drop in carbon emissions globally, the lives of up to 410 million people will be threatened from sea level rises as they would be living in areas less than 2… Read More ›
Calls For Reparations Over Racism Given By UNHRC Chief
A call for global action, including that of reparations to “make amends” of racism against people of African descent, was given by the United Nations Human Rights Council (UNHRC) in a new report. The new UNHRC report also urged governments… Read More ›
Washington eyeing stable, profitable relation with Moscow
In an interview to Italian daily La Repubblica, US Secretary of State Antony Blinken said, Washington hopes for a more stable and profitable relationship with Moscow, however, if the latter continues to “attack”, Washington will be forced to respond. “If… Read More ›
Germany aims to ban British travelers from EU citing widespread incidents of COVID-19’s Delta variant in UK
On Monday, a report from The Times said, Germany will attempt to ban British travellers from the European Union regardless of their COVID-19 vaccine status. Given that the Delta variant of the Coronavirus-induced COVID-19 is widespread in Britain, German chancellor… Read More ›
Poor Countries Have No Vaccines, WHO Pleads For Doses
There are no doses of Covid-19 vaccines for the poorest of the countries even while the rich ones are opening up societies and are vaccinating the young population who are not at any great risk from the disease said the… Read More ›
Formats other than EU-Russia summit will be explored: German Chancellor Angela Merkel
Leaders from the European Union failed to agree on a proposal led by France and Germany to hold a summit with Russian President Vladimir Putin. Baltic countries along with Poland opposed the move saying it would send the wrong message…. Read More ›
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