In a statement French Finance Minister Bruno Le Maire said, Paris will do its best to iron out burrs on the technical parameters for a global tax reform at the next G20 meeting, which aims to change the way large… Read More ›
finance minister
UK CFOs double down capex as economy reopens
According to the results of a survey of chief finance officers, large businesses in Britain are surging ahead with post-lockdown investment plans. In a statement audit firm Deloitte said, its poll found CFOs were planning to increase investment, as well… Read More ›
French economy to return to pre-COVID levels by Q1 2022: French Finance Minister Bruno Le Maire
The French economy will return to pre-COVID 19 levels by the first quarter of 2022, said Finance Minister Bruno Le Maire in an interview to JDD, a weekly. A return in investments and spending is laying the groundwork for the… Read More ›
Economic growth likely to return to pre-COVID-19 levels in early 2022: French Finance Minister Bruno Le Maire
In a statement on Monday, French Finance Minister Bruno Le Maire said, the public deficit is likely to hover at 9.4% of the country’s gross domestic product; the previous estimate was 9%. In an interview with national TV channel France… Read More ›
Air France-KLM’s board expected to meet on Monday on refinancing plan
According to two sources familiar with the matter at hand, Air France-KLM’s board is expected to meet on Monday to discuss a state-backed refinancing plan aimed at strengthen its balance sheet following a year of coronavirus-induced shutdowns. Sources went on… Read More ›
Corporate taxes will be gradually raised to 23% in coming years: British Finance Minister
In a significant development, the Sunday Times reported, British finance minister in the upcoming budget in March, Rishi Sunak is likely to raise taxes on businesses to pay for the Government’s COVID-19 support schemes. During his March 3, 2020 speech,… Read More ›
UK offers extra financial assistance worth 4.6 billion pounds to select sectors hit by third national lockdown
On Tuesday, Britain offered 4.6 billion pound support to businesses struggling with the third national lockdown, which was imposed this week to stem the new mutant wave of the coronavirus-induced COVID-19 cases that is sweeping across the U.K. In a… Read More ›
COVID-19 casting a shadow on Britain’s urgent need for FTA with EU: Rishi Sunak
During an interview to the BBC’s Andrew Marr, British Finance Minister Rishi Sunak said, the UK wants to strike a free-trade agreement with the European Union; but in near-term perspective, the concern is overshadowed by the COVID-19 pandemic. When asked… Read More ›
Rishi Sunak to unveil record spending for fighting pandemic induced economic blues
In a development that highlights the challenges facing Britain, the country’s finance minister Rishi Sunak has borrowed a record $285 billion (215 billion pounds) in the first seven months of this financial year as he prepares his war chest to… Read More ›
Australia lends $1 billion to Indonesia to help fight COVID-19 pandemic
In a statement on Thursday, Indonesia’s finance minister Sri Mulyani Indrawat said, Jakarta has signed a $1.09 billion (A$1.5 billion) loan agreement with the Australian government. The money will be used to help fight the coronavirus-induced COVID-19 pandemic which emerged… Read More ›
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