Daily Management Review
Economics

EU Postpones Its Own Tax Plan After US Pressure And G20 Endorsing Wider Global Tax Plan

After facing pressure from the United States administration, a corporate tax plan for the bloc was delayed by the European Union. This decision was also influenced by its intention to facilitate a broader global tax deal.   However its criticisms of the wider tax reform were reiterated by EU...

Net-Zero Climate Alliance Launched By Major Insurance Firms

An alliance has been created by eight of the leading insurance and reinsurance companies of the world. Launching the alliance, the companies said on Sunday that this new entity will work for speeding up the process of transition of the economy towards achieving net zero emissions.   ...

US Treasury Secretary Yellen Says Multinationals Tax Deal Not Likely Before 2022

A newly approved mechanism that will give the opportunity for more countries to tax large, highly profitable multinational companies might take as long as spring 2022 to be ready for discussions by lawmakers, said the US Treasury Secretary Janet Yellen on Sunday.   The OECD re-allocation of...

Invesco: two-thirds of central banks consider climate issues to be their responsibility

63% of central bankers believe climate change issues are within their remit, Invesco reported in a survey of 141 central bank and sovereign wealth fund executives. According to the survey, 45% of central bank governors believe that addressing the effects of climate change should be a monetary...

Carbon Pricing Recognized For The First Time By G20 As A Climate Change Tool

For the first time, finance chiefs of the G20 group of nations formally acknowledged the role of carbon pricing to be a potential tool policy measure to address climate change, according to a communiqué published by the body. Analysts said this was a tentative step taken by the G20 toward pushing...

G20 Countries Warn Of Derailment Of Global Recovery Due To Virus Variants

Global economic recovery form the pandemic hit is currently under threat due to an upsurge in new coronavirus variants and lack of access to vaccines in developing countries, warned the finance ministers of the 20 largest economies of the world - the G20.   This is the first time that the...

New Executive Order From Joe Biden On Addressing Corporate Abuses Across In US

A sweeping executive order was issued by the United States President Joe Biden on Friday aimed at fostering more competition in the country’s economy and urging agencies to take action against anti-competitive practices in a variety of sectors ranging from agriculture to drugs and labour.  ...

New Chinese Firms To Be Added To US Blacklist Over Xinjiang

Ten more Chinese companies and other entities are to be added to an economic blacklist of the United States by the Biden administration this week over allegations of these companies and entities being involved in human rights abuses and high-tech surveillance in Xinjiang, said reports quoting...

Pace Of Hiring Post Lockdown In UK Fastest Since Late 1990s, Shows Survey

The speed at which hiring after the lifting of lockdown measures in the United Kingdom took place in June was the fastest since at least the late 1990s as employers signed most permanent staff while the shortage of appropriate candidates reached record levels. This trend has driven up starting pay,...

Bloomberg: TikTok boosts Chinese agriculture

Live TikTok broadcasts by farmers in China's remote provinces have boosted the country's agricultural sales many times over. Bloomberg writes that consumer loyalty was won by the charisma of the sellers and the transparency of the production stages. According to a report by Douyin (the Chinese...
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