Markets

COLOMBO: The dramatic recent fire on a container ship off Sri Lanka highlighted the risks involved in the island nation's ambitions to become one of the world's busiest maritime transport hubs. The MV X-Press Pearl burned for 13 days, releasing tonnes of chemicals and plastics. The sinking ship's ......

El Salvador's President Nayib Bukele said on Saturday that he will send to Congress a bill next week to make bitcoin legal tender in the country.

Falling global demand for fossil fuels will hamper Norway’s main growth engine, say Mariana Mazzucato and Rainer Kattel.

A lot more must be done to relax the rules for those who travel to live in and contribute to the US, says foreign policy expert Célia Belin.

REUTERS: Blockchain technology company Blockstream Mining said on Saturday that Square Inc will invest US$5 million to build an open-source, solar-powered bitcoin mining facility at one of Blockstream's U.S. sites. Blockstream, in an announcement on its blog https://bit.ly/3pqvalx, said the ...

Facebook welcomes the progress made by the Group of Seven on a minimum tax rate and accepts this could mean the social network pays more tax, and in different places, its head of global affairs Nick Clegg said on Saturday.

Both Amazon and Facebook will fall under new proposals for a global minimum corporation tax agreed by the Group of Seven on Saturday, United States Treasury Secretary Janet Yellen said.

South Korea's respect for intellectual property rights makes it an ideal partner for the United States as it seeks to decouple its supply chains from China and forge partnerships to manufacture coronavirus vaccines, a trio of U.S. senators said on Saturday during a visit to Seoul.

Google said on Saturday that it supports the work being done to update international tax rules after G7 finance ministers agreed to pursue a global minimum corporate tax of at least 15per cent and to reallocate taxing rights for large, profitable multinational companies.

LONDON: A group of the world's richest nations reached a landmark deal on Saturday (Jun 5) to close cross-border tax loopholes used by some of the world's biggest companies. The Group of Seven said it would back a minimum global corporation tax rate of at least 15 per cent, and...