July 12, 2021
India’s billionaires got richer while coronavirus pushed millions of vulnerable people into poverty
New Delhi (CNN Business) India has been hobbled by an economic slump and a brutal wave of coronavirus that new research shows pushed millions of people into poverty. But as these Indians struggle to live on a few dollars a day, the country's…
July 11, 2021
G20 finance ministers back deal to tax companies
G20 finance ministers have backed an "historic" plan which will see multinational companies pay their "fair share" of tax around the world.The plan to battle tax avoidance puts in place a minimum global corporate tax rate of 15%.It is likely to…
July 8, 2021
German industrial orders fall on tepid global demand
German industrial orders fell sharply in May, hit by weak demand from abroad as the pandemic continued to pummel Europe's top economy, official data showed yesterday. Orders were down by 3.7 per cent, according to the federal statistics office…
July 7, 2021
130 countries back deal on global minimum tax for companies
130 countries have agreed on a global minimum tax backed by President Joe Biden as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates. The agreement announced on Thursday…
July 5, 2021
Jeff Bezos steps down as Amazon boss
In 2004, Jeff Bezos and his technical adviser Colin Bryar drove together to the city of Tacoma, an hour south of Seattle in Washington State.At that time Amazon was a multi-billion dollar company. However they were headed to Amazon's customer…
June 29, 2021
United Airlines bets on travel boom with big plane order
United Airlines has placed its biggest aircraft order to date in a bet on travel returning post-pandemic. The US airline confirmed it had ordered 270 Boeing and Airbus planes worth more than $30bn (£21.6bn) on Tuesday. Its chief executive Scott…
June 28, 2021
Financial watchdog FCA bans cryptocurrency Binance
Binance, the world's biggest cryptocurrency exchange, has been banned by the UK's financial regulator. The Financial Conduct Authority (FCA) has ruled that the firm cannot conduct any "regulated activity" in the UK.It also issued a consumer warning…
June 28, 2021
Hollywood Series F9: The Fast Saga races to pandemic record $70 million debut
F9: The Fast Saga turned out to be the summer blockbuster for which theaters had been hoping. The latest installment in the Fast & Furious saga's estimated $70 million debut not only left A Quiet Place Part II's previous pandemic era record of…
June 24, 2021
Caribbean Airlines downsizes due to COVID-19 losses
Regional carrier Caribbean Airlines Limited (CAL) in its first quarter performance this year reported US$25.7 million or TT$172.7 million in losses — a 75 per cent downturn in revenues when compared to the corresponding period of last year. Since…
June 22, 2021
Bitcoin slumps to two-week low amid renewed worries of Chinese restrictions
The price of Bitcoin slipped to its lowest levels in weeks on Monday amid news of further clampdowns on cryptocurrency in China. As of noon ET on Monday, Bitcoin was trading at approximately $32,291, a plunge of more than 6 percent over the past 24…