In a statement the World Health Organization said, a global rise in COVID-19 cases could herald a much bigger problem following countries reporting a drop in testing rates. The WHO has warned countries to remain vigilant against the virus. COVID-19… Read More ›
Austria
Russia’s biggest lender Sberbank closes EU operations
In a statement on Wednesday, Russia’s biggest lender Sberbank said, it was exiting from almost all European markets following threats to its staff, property and large cash outflows. The development comes in the wake of the bank reporting a record annual… Read More ›
Michael Linhart appointed as Austria’s ambassador to France
Michael Linhart, Austria’s ambassador to France, has been appointed as the country’s foreign minister. He will succeed Alexander Schallenberg, who has been designated to become Austrian chancellor, as per a statement released on Monday. Linhart, a career diplomat who served… Read More ›
Austria will implement carbon pricing in the biggest tax overhaul in its modern history
As part of an overhaul of its taxation regime, Austria will implement a carbon levy of 30 euros per tonne said government officials while adding, the move is aimed at rewarding behaviour that helps protect the environment while cutting corporate… Read More ›
Tariffs are “legitimate tool” for U.S. trade policy: USTR
In a statement U.S. Trade Representative Katherine Tai said, she plans on continuing to maintain threat of U.S. tariffs on goods from Britain, India, Austria, Spain, Italy and Turkey in retaliation to their digital services taxes. She went on to… Read More ›
Singapore’s sovereign wealth fund, GIC to acquire logistics real estate in Europe for $1 billion
On Friday, Singapore’s sovereign wealth fund, GIC stated, it had signed a deal to acquire a logistics real estate portfolio from Apollo Global Management’s affiliates for about $1 billion (950 million euros). “The portfolio comprises of 28 logistics assets across… Read More ›