When considering the landmark deal on global taxation agreed today by the group of seven leading industrialised economies, it’s easy to fixate on the question marks and criticisms – after all, there are plenty of them. It is not as ambitious a deal as many had hoped for. The global minimum corporate tax rate (one
Month: June 2021
Prince Edward and his wife, Sophie, Countess of Wessex, have made light of Harry and Meghan’s bombshell Oprah Winfrey interview, implying they were unaware of it. “Oprah who?” Edward joked when asked whether they watched the controversial sit-down chat with the US chat show host, while Sophie responded: “Yes, what interview?” The couple made the
The G7 has agreed a deal on tackling corporate tax avoidance by big tech companies. “It’s a proud moment” says Chancellor Rishi Sunak. Mr Sunak said G7 finance ministers had committed to a global minimum tax of at least 15%. Mr Sunak said it “meant the right companies pay the right tax in the right
A chemical-laden cargo ship which is slowly sinking off the coast of Sri Lanka is being monitored for environmental damage by salvage experts. The MV X-Press Pearl began sinking on Wednesday, a day after authorities extinguished a fire that had torn through the vessel over 12 days, with volunteers describing the situation as the “worst
Antony Jenkins, the former Barclays chief executive, is on the verge of a deal with the world’s biggest asset manager that will catapult him into the ranks of Britain’s super-rich. Sky News has learnt that Mr Jenkins, who was sacked as the British bank’s boss in 2015, is close to selling a stake in 10x
The government is “drawing up other options” before making a decision on whether to completely lift COVID restrictions on 21 June. A government figure said Number 10 was still planning to go ahead with the final step in the roadmap, but is waiting for more data before taking any decisions. “It would be remiss of
Microsoft has blamed “accidental human error” for its search engine Bing failing to produce any results for ‘Tank Man’ on the anniversary of the Tiananmen Square protests. Users in the UK, US, Germany and Singapore were met with the message “There are no results for tank man” when they searched for it on Friday –
Fruit flies get ‘hangry’ when deprived of food, a new study has shown. Researchers from the University of East Anglia (UEA) and University of Oxford observed male fruit flies get more aggressive the longer they went without food. But their ‘hanger’ only lasted to a certain point, as their combative behaviour plateaued after 24 hours,
There is no evidence that aerial phenomena witnessed by military pilots in recent years are alien spacecraft, according to a US intelligence report. But the report’s unclassified version, expected to be released to Congress by 25 June, is understood to conclude that most of the more than 120 incidents over the past two decades did
Former Nickelodeon TV star Drake Bell has been charged with attempted child endangerment and disseminating matter harmful to children. Bell, whose real first name is Jared, pleaded not guilty to both charges and is scheduled to appear in an Ohio court for a pre-trial hearing on 23 June. According to the Cuyahoga County Prosecutor’s Office,
Levels of vaccine hesitancy are falling among younger age groups, new research suggests. Among men under 45, confidence in the COVID-19 jab has risen by 17% – increasing to 27% of women under 45. Greater numbers of adults in this age range now say they will get vaccinated, too. The figures from ORB International and
The government is being urged to remove all restrictions on hospitality businesses on 21 June, as reports suggest that the final stage of England’s roadmap out of lockdown could be delayed by two weeks. The British Beer & Pub Association has warned that thousands of pubs “could still be lost forever”, even though indoor service
A “third eye” has been created to prevent “smartphone zombies” from walking into things while focused on their screens. South Korean industrial designer Paeng Min-wook, 28, says the robotic eyeball can be strapped to a person’s forehead, allowing them to browse injury-free. He said the device was a “satirical solution” which he hoped would make
Businesses looking to secure government contracts will have to pledge to be net zero by 2050 under new requirements. From September, firms seeking public sector contracts worth more than £5m a year will also have to publish “clear and credible carbon reduction plans” before being considered, the Cabinet Office said. The move, which coincides with
The world’s leading economies are on the brink of announcing a historic deal to tax the tech giants, the German finance minister has told Sky News. Olaf Scholz said the plan to reform the taxation of tech companies and introduce a minimum level for business tax rates would “change the world”, bringing in billions of
Donald Trump has been suspended from Facebook until at least January 2023 after he “praised people” who took part in violence during the US Capitol riot. The social media giant’s independent oversight board had in May upheld Facebook’s block on the former president. However, the board ruled it was wrong to make the ban indefinite
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