From 1 January checks and paperwork will finally begin and EU exporters face a rude awakening• ‘It won’t be easy’: the European exporters battling Brexit bureaucracyEU exporters of cheese, car parts and other goods are facing a mountain of red tape to …
Asia’s factory workers at the sharp end of the west’s supply chain crisis
Migrant workers ate and slept in factories swarming with Covid, sealed off from outside worldFor weeks, Hoang Thi Quynh* worked and slept inside a garment factory in Tien Giang province, in southern Vietnam. She would start her shift at 7.15am and then…
Jerome Powell nominated for second term as chair of US Federal Reserve
White House praises Republican’s ‘steady leadership’ of central bank during Covid pandemicJerome Powell’s handling of the economic fallout from the Covid-19 pandemic has won the chair of the Federal Reserve the backing of the White House for a second t…
Donald Trump’s own treasury secretary blocked Ivanka World Bank role – report
Steven Mnuchin said to have stopped move likely to have upset world leaders, which ‘came incredibly close to happening’Only direct intervention from his own treasury secretary stopped Donald Trump nominating his daughter, Ivanka Trump, to lead the Worl…
Will October again be memorable for wrong reasons as economic risks build? | Larry Elliott
Bad things happen in this month and, as IMF prepares for annual meeting, signs of a crisis loomBad things happen in October. It was in this month 13 years ago that the global banking system came close to imploding. There was a stock market bloodbath in…
OECD deal imposes global minimum corporate tax of 15%
Accord signed by 136 countries will enable them to raise tax on sales made by multinationals within their bordersAlmost 140 countries have taken a decisive step towards forcing the world’s biggest companies to pay a fair share of tax, with plans for a …
What does the Irish tax deal mean for multinationals?
Tech titans came to Ireland for its tax lures – but may now stay despite Dublin’s agreement to raise its ratesIreland ends 12.5% tax rate in OECD global pactIreland has dropped its low-tax policy after months of wrangling over the fine print of an Orga…
Global deal on 15% minimum tax rate for multinationals edges closer
Almost 140 countries understood to be in final OECD talks on measures to stop firms moving profits to tax havensAlmost 140 countries are edging closer to a global deal on the taxation of multinationals, with agreement on a minimum 15% rate of corporati…
IMF cuts global economic forecast as pandemic ‘hobbles’ growth
Fund chief Kristalina Georgieva says most serious obstacle to full recovery remains Covid vaccine divide between rich and poor statesThe head of the International Monetary Fund has warned the world economy remains “hobbled” by the Covid-19 pandemic as …
IMF boss Kristalina Georgieva ‘faces coup plot’
Renowned economist Joseph Stiglitz says chief is victim of conservative ‘hatchet job’ using unfair report to discredit herThe International Monetary Fund boss, Kristalina Georgieva, is the victim of a plot to oust her, according to a Nobel prize-winnin…