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...

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...

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...

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...

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.  ...

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...

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,...

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...

The coronavirus pandemic has destroyed 22 million jobs worldwide, according to a report from the Organisation for Economic Co-operation and Development (OECD) published on its website. The study focused on developed countries that belong to the OECD, so it is impossible to judge the number of jobs...