Following security failings at Wembley along with the disorder at the Euro 2020 final between England and Italy, British ministers have called for independent oversight of Football Association (FA). The final match, won by Italy in a penalty shootout, was… Read More ›
Italy
Britain to end quarantine restrictions for fully vaccinated travelers from medium risk countries
In a significant development, British transport minister Grant Shapps said, London will share the details of a plan which aims to do away with quarantine for fully vaccinated travellers who return from medium risk countries. The potential move will boost… Read More ›
UK’s backing of global corporate tax contingent on White House’s support on cracking down on US tech giants: UK Treasury
A report from The Telegraph stated, the UK treasury may back a global overhaul of corporate tax as outlined by U.S. President Joe Biden if the White House supports its demand to crack down on U.S. tech giants. Britain has… Read More ›
G7 increases focus on malignant threats from China, Russia
On Tuesday, in a significant development, Britain is set to agree to a firm decisive stand from its G7 partners to protect democracies against global threats stemming from China and Russia. Hosting the event, Britain is likely to lay the… Read More ›
ESMA imposes $4.35 million fine on Moody’s for failure to disclose conflicts of interests
On Tuesday, the European Union’s markets watchdog, the European Securities and Markets Authority (ESMA) said, it has fined Moody’s $4.35 million (3.7 million euros) for breaching rules which includes failure to disclose conflicts of interests. “All of the breaches resulted… 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 ›
Amazon.com Inc to open distribution and fulfillment center in Italy with $278 million
On Monday, in a statement, Amazon.com Inc, the world’s biggest online retailer said, it will open two new logistics centers in Italy later this year and plans on sinking more than $278 million (230 million euros) towards them. With the… Read More ›
Italy to ease lockdown from May 4: Giuseppe Conte
Italian Prime Minister Giuseppe Conte stated, starting from May 4, factories and building sites will re-open on May 4 and in the weeks to come more businesses will be allowed to conduct business. The development comes as Italy prepares to… Read More ›
Bank of America slashes global economic growth to lowest since 2009 financial crisis
On Thursday, Bank of America cut its world growth forecast to the lowest level since the peak of the global financial crisis in 2009. “We have cut our 2020 global growth forecast to 2.8% (from 3.2%). This would be the… Read More ›
FCA facing $1.5 billion tax demand from Italian tax authorities
Fiat Chrysler Automobiles (FCA) has decided it will appeal Italy’s tax authority statement which says that the carmaker had underestimated the value of its U.S. business after it bought Chrysler. As per a source close to the matter at hand,… Read More ›