Bloomberg The Group of Seven (G-7) rich nations secured a landmark deal that could help countries collect more taxes from big companies and enable governments to impose levies on US tech giants such as Amazon Inc and Facebook Inc. The agreement by the G-7 finance ministers in London satisfies a US demand for a minimum corporate tax rate of “at ...

Bloomberg Italy may get the first part of a more than 200 billion-euro ($243 billion) European Union (EU) pandemic recovery-fund package as soon as next month, Il Messaggero cited Public Administration Minister Renato Brunetta as saying. The country stands to receive 25 billion euros “between July and August,” the newspaper quoted him as saying in an interview. Measures approved recently ...

Bloomberg Swedish mortgage rates can decline by as much as 0.15 percentage points as larger market participants seek to reverse a slide in market share, SBAB CEO Klas Danielsson was cited as saying by newspaper Svenska Dagbladet. Still, such a decline in mortgage rates “won’t be decisive” in spurring further house price gains, according to the chief executive of the ...

Bloomberg UK companies are on a hiring spree after the government relaxed lockdown rules, employing permanent staff at the fastest pace in 23 years and advertising the most vacancies in three years. The figures from consultant KPMG and online job placement agency Adzuna add to evidence that the economy is bouncing back strongly from last year’s recession. That will feed ...

Bloomberg German joblessness fell in May, adding to signs that the economy is starting to turn the page on the coronavirus pandemic as restrictions are loosened. The drop of 15,000 put the total number of unemployed at 2.74 million, keeping the rate at 6%, according to Federal Labour Agency. Germany’s infection rate has fallen sharply over the last five weeks ...

Bloomberg Canada’s labour market weakened for a second month amid widespread restrictions to control a third wave of Covid-19. The economy lost 68,000 jobs in May, Statistics Canada reported in Ottawa. That adds to the 207,100 positions lost in April. The unemployment rate rises to 8.2%, from 8.1%. Economists in a Bloomberg survey had predicted a loss of 25,000 jobs, ...

Bloomberg A bullish case is building for emerging-market stocks, which have trailed their developed-nation peers this year, with strategists saying the asset class is better positioned to benefit from a global reopening. There are already signs the gap is narrowing, with the MSCI Emerging Markets Index last month outperforming the MSCI World Index for the first time since January. Relatively ...

Bloomberg Index funds are supposed to cut out the human-driven craziness that periodically infects markets, but the recent meme-stock fever proved the $11 trillion industry is far from immune. The remarkable surge in shares of AMC Entertainment Holdings Inc and a handful of other stocks is showing up in multiple exchange-traded funds (ETFs), skewing portfolios, altering risk profiles and exerting ...

Bloomberg The trade relationship between the two largest economies in the world has “significant imbalance” and the Biden administration is committed to leveling it, according to the US trade representative. “There are parts of this trade relationship that are unhealthy and have over time been damaging in some very important ways to the US economy,” Trade Representative Katherine Tai told ...

ABU DHABI / Emirates Business Abu Dhabi Terminals, in the presence of His Excellency Omar bin Sultan Al Olama, UAE Ministry of Artificial Intelligence (AI), has announced a partnership agreement with Microsoft that heralds the next phase in the digital transformation of Abu Dhabi’s flagship maritime asset, Khalifa Port. The landmark partnership will enable enhanced container tracking and autonomous shuttle ...