Explainer: Deterring tax avoidance by global companies
Negotiators from 131 countries have agreed on a major overhaul of how the world’s biggest multinational companies are taxed. It’s an effort to deter complex…
AP Wire
China criticizes US moves to expand financial sanctions
BEIJING — China’s government today criticized new U.S. moves to reduce access to American financial markets and said it will protect Chinese companies but gave…
China’s auto sales up 27% in 2021, but hurt by chip shortage
BEIJING — China’s auto sales rose 27% in the first half of 2021 from a year earlier but were below pre-pandemic levels, and production and…
UK economy remains 3.1% smaller than pre-pandemic level
LONDON — Official figures show that the British economy rebounded further in May following another easing of lockdown restrictions, though the increase was about half…
FDA trims use of contentious Alzheimer’s drug amid backlash
WASHINGTON — U.S. health regulators on today approved new prescribing instructions that are likely to limit use of a controversial new Alzheimer’s drug. The Food…
Court: DNR can impose farm conditions, consider well impact
MADISON, Wis. — Wisconsin regulators can impose operating conditions on factory farms and consider high-capacity wells’ cumulative environmental impacts when deciding whether to grant permits,…
US jobless claims tick up to 373,000 from a pandemic low
WASHINGTON — The number of Americans filing for unemployment benefits rose slightly last week even while the economy and the job market appear to be…
EU fines 4 German car makers $1 billion over emission collusion
BRUSSELS — The European Union handed down $1 billion in fines to four major German car manufacturers today, saying they colluded to limit the development…
China tries to quell investor fears about internet companies
BEIJING — China’s government tried today to quell investor fears about tighter controls on internet companies that caused share prices to plunge, saying Beijing supports…
Europe’s central bank intensifies focus on climate change
FRANKFURT, Germany — The European Central Bank has adopted a new approach to managing the economy that would tolerate transitory periods of consumer inflation moderately…