News

To help detect unreported income and narrow the gap between federal taxes collected and owed, the Biden administration has proposed expanding annual reporting requirements for banks and other financial institutions to include the total amounts of money flowing in and out of all business and personal accounts worth at least $600. “We’re simply asking to […]

Whether or not we’re at some kind of tipping point right now, venture investors, old and new, have done very well in recent years, with their limited partners notching the biggest gains in decades. Among the newer VCs to be having a time of it is Bradley Tusk, the political strategist, lobbyist, and founder of […]

October 8, 2021 By Dhruv Munjal (Reuters) -Saudi Arabian human rights group ALQST accused the Premier League of being driven only by money and employing ‘profoundly inadequate’ criteria for assessing human rights considerations in the wake of Newcastle United being acquired by a Saudi-led consortium. Saudi Arabia’s Public Investment Fund (PIF) — chaired by Crown […]

October 8, 2021 By Noel Randewich and Devik Jain (Reuters) – U.S. stocks dipped on Friday after data showed jobs growth in September was weaker than expected, yet investors still expected the Federal Reserve to begin tapering asset purchases this year. Comcast Corp tumbled 4.3% after Wells Fargo cut its price target on the media […]

TikTok is announcing new partnerships aimed at making it easier for brands to tap into music and sound on the platform. The company has expanded its TikTok Marketing Partners program and introduced six certified partners that will help brands create “sound-on” strategies for the platform. TikTok notes that it essentially wants to connect brands with […]

Mike McGill Contributor Share on Twitter Mike McGill is a managing director of investment banking at Cowen and Company, LLC: Member NYSE, FINRA and SIPC. Kevin Jolley Contributor Share on Twitter Kevin Jolley is a managing director of investment banking at Cowen and Company, LLC: Member NYSE, FINRA and SIPC. The outlook for managed services […]

October 8, 2021 By Leigh Thomas PARIS (Reuters) -A global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation has been agreed after Ireland, Estonia and Hungary agreed to sign up to the elusive landmark accord. The agreement aims to end a four-decade-long […]

October 8, 2021 BRASILIA (Reuters) – Brazilian Economy Minister Paulo Guedes said on Friday that his offshore investments are legal and were declared, adding that there was too much “noise” regarding the matter after the “Pandora Papers” revelations. Guedes said in an event hosted by Banco Itau that he is being personally attacked due to […]

October 8, 2021 GENEVA (Reuters) – The U.N. human rights office congratulated Maria Ressa and Dmitry Muratov on receiving the Nobel Peace Prize on Friday, saying it was “recognition of the importance of the work of journalists in the most difficult circumstances”. “Throughout the years we’ve seen an increase in attacks in journalists during the […]

October 8, 2021 By Nerijus Adomaitis, Andrew Osborn and Karen Lema OSLO/MOSCOW/MANILA (Reuters) -Journalists Maria Ressa and Dmitry Muratov, who braved the wrath of the leaders of the Philippines and Russia to expose corruption and misrule, won the Nobel Peace Prize on Friday, in an endorsement of free speech under fire worldwide. The two were […]

October 8, 2021 By Francois Murphy VIENNA (Reuters) -Austria’s governing coalition was on the brink of collapse on Friday as its junior party said it wanted to oust Chancellor Sebastian Kurz now that he has been placed under investigation on suspicion of corruption offences. Kurz denies wrongdoing and says he is willing to keep governing […]

October 8, 2021 By Dhruv Munjal (Reuters) – Saudi Arabian human rights group ALQST accused the Premier League of being driven only by money and employing ‘profoundly inadequate’ criteria for assessing human rights considerations in the wake of Newcastle United being acquired by a Saudi-led consortium. Saudi Arabia’s Public Investment Fund (PIF) — chaired by […]

October 8, 2021 By Jessica Resnick-Ault NEW YORK (Reuters) -Oil prices rose on Friday, up more than 4% on the week as a global energy crunch has boosted prices to their highest since 2014 and prompted China to demand increased coal production. With global energy demand growing, OPEC and allied producers have said they would […]

October 8, 2021 (Reuters) – Europe must take the security threats that might arise from migration out of Afghanistan more seriously, EU Home Affairs Commissioner Ylva Johansson warned on Friday. “On the terrorist threat from Afghanistan, I must say that my assessment is that the alert level is not high enough. We really need to […]

October 8, 2021 By Silvio Castellanos and Juan Medina LA PALMA, Spain (Reuters) – A blanket of volcanic ash has turned Andres Hernandez’s pristine white salt flats black, ruining about a third of his annual production in the past two weeks since the Cumbre Vieja volcano erupted on the Spanish island of La Palma. The […]

October 8, 2021 By Sophie Penney (Reuters) – Manchester United forward Marcus Rashford has become the youngest recipient of an honorary doctorate from The University of Manchester for his campaign against child poverty, the Premier League club said on Friday. The England international earned widespread praise after successfully campaigning for school food vouchers to be […]

October 8, 2021 By Sruthi Shankar and Susan Mathew (Reuters) -European stocks ended a volatile session lower on Friday as investors digested data showing slowing jobs growth in the United States, but they still marked their best week in two months as fears of soaring inflation were tempered. A U.S. Labor Department report showed nonfarm […]

October 8, 2021 By James Davey and Sarah Young LONDON (Reuters) -Boris Johnson has turned to former Tesco boss Dave Lewis to fix supply chain problems that have hit the British economy and sparked criticism of the Prime Minister’s response. Lewis, who was nicknamed “Drastic Dave” after fixing businesses at consumer goods group Unilever through […]

October 8, 2021 PARIS (Reuters) – A global deal to ensure big companies pay a minimum tax rate of 15% and make it harder for them to avoid taxation has been agreed by 136 nations, the Organisation for Economic Cooperation and Development said on Friday. The OECD said four countries – Kenya, Nigeria, Pakistan and […]

October 8, 2021 By Katharine Houreld NAIROBI (Reuters) – Airstrikes against Tigrayan forces in Ethiopia’s northern region of Amhara have intensified, a spokesman for the Tigrayan forces said on Friday, which he said could presage a ground push against the Tigrayan forces by the Ethiopian military and its allies. The Ethiopian military and its allies […]