Deal to force multinational companies to pay a 15% minimum tax is marred by loopholes, watchdog says

An ambitious 2021 agreement by more than 140 countries and territories to weed out tax havens and force multinational corporations to pay a minimum tax has been weakened by loopholes and will raise only a fraction of the revenue that was envisioned, a tax watchdog backed by the European Union has warned

2023-10-23 06:27

Alibaba Names New Chairman, CEO in Surprise Succession Plan

Alibaba Group Holding Ltd. announced a new chairman and chief executive, unveiling a surprise plan to replace Daniel

2023-06-20 12:49

Microsoft’s Role in Email Breach to Be Part of US Cyber Inquiry

A US cybersecurity advisory panel will investigate risks in cloud computing, including Microsoft Corp.’s role in a recent

2023-08-11 09:26

BYD-Backed China Battery Firm Gellec Weighs Hong Kong IPO

Hebei Gellec New Energy Science & Technology Co. is considering a Hong Kong initial public offering as early

2023-11-14 11:15

Asian shares rise as investors eye end to Fed hikes, China stimulus

By Julie Zhu HONG KONG (Reuters) -Asian shares rose and the safe-haven dollar edged lower on Tuesday as investors hoped

2023-07-11 13:52

Crypto Firm DCG, CEO Barry Silbert Seek Dismissal of Gemini Lawsuit They Dub a Smear

Barry Silbert and Digital Currency Group asked a US court to throw out a lawsuit by the Winklevoss

2023-08-11 01:25

FTX Approved to Start Selling $744 Million in Grayscale Assets

FTX Trading Ltd. won bankruptcy court approval to begin selling its stakes in digital trusts managed by crypto

2023-11-30 05:27

PacWest merges with Banc of California in all-stock deal

Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise

2023-07-26 04:27

Braskem and SCG Chemicals join forces to advance in the bio-based Ethylene project in Thailand

ROTTERDAM, Netherlands--(BUSINESS WIRE)--Aug 17, 2023--

2023-08-17 16:24

ADDING and REPLACING Fire Chiefs Gain Critical Access to Drone Tech and Streamlined Procurement with Cooperative Purchasing

KANSAS CITY, Mo.--(BUSINESS WIRE)--Aug 16, 2023--

2023-08-16 21:28

A helicopter crashes off the United Arab Emirates coast. 2 pilots are missing

A helicopter crashed off the coast of the United Arab Emirates, with two pilots now missing

2023-09-08 15:26

Pakistan’s Top Utility Looks to Raise $400 Million From Overseas

Pakistan’s top utility is looking to tap overseas lenders to help meet growing power demand as the nation

2023-10-04 14:20