International Archives — City Business News

July 17, 2021 No Responses

Israel Imposes Quarantine On All Inbound Travelers

Israel’s health ministry announced on Friday that all passengers entering Israeli borders would have to go through a mandatory quarantine. The ministry said the new regulation would start from Friday. It said that passengers arriving from the countries and regions...

July 12, 2021 No Responses

G20 Finance Ministers Back Deal To Tax Companies

G20 finance ministers have backed an “historic” plan which will see multinational companies pay their “fair share” of tax around the world. The plan to battle tax avoidance puts in place a minimum global corporate tax rate of 15%. ...

July 4, 2021 No Responses

Egypt’s January-June Tourism Revenues Hits $3.5-4b

Egypt’s tourism revenues were between 3.5 billion dollars to 4 billion dollars during the first half of 2021 and the country received about 3.5 million tourists from January to June, Ghada Shalaby, the Egypt’s Deputy Minister of Tourism, told Reuters....

July 2, 2021 No Responses

130 Countries Back Global Tax Overhaul

Officials from 130 countries have agreed to overhaul the global tax system to ensure big companies “pay a fair share” wherever they operate. The Organisation for Economic Co-operation and Development (OECD) said on Thursday that negotiators had bac...

June 24, 2021 No Responses

Warren Buffett Donates $4.1b To Charity

Billionaire Warren Buffett has donated another $4.1bn (£2.9bn) worth of Berkshire Hathaway shares to charity. Regarded as the world’s most successful investor, the Berkshire Hathaway chairman has given away huge sums of his wealth to charity. In a...

June 22, 2021 No Responses

UK To Join Asia-Pacific Free Trade Pact

Britain is to start negotiations to join a free trade area which could grant businesses access to “some of the biggest economies of the present and future”, the government has said. The Comprehensive and Progressive Agreement for Trans-Pacific Part...

June 19, 2021 No Responses

IMO Pushes Back Talks On Fuel Tax

The proposal to introduce fuel levy in the shipping industry to help speed up the transition from fossil fuels to zero-carbon alternatives has been postponed until the next International Maritime Organisation and Marine Environment Protection Committ...

June 17, 2021 No Responses

World Leaders To Address ILO’s World Of Work Summit

World leaders and representatives from governments, workers’ and employers’ organizations will speak at the virtual International Labour Conference World of Work Summit that will take place 17–19 June.The Summit will focus on the response to the devastat...

June 12, 2021 No Responses

G7 Leaders To Unveil Global Anti-Pandemic Action Plan

G7 leaders are to commit to using all their resources in an effort to ensure the devastation caused by a pandemic like Covid-19 is never repeated. On the second day of their summit in Cornwall, they will issue a declaration...

May 27, 2021 No Responses

Amazon Buys Hollywood Studio For $8.45b

Amazon has agreed to buy the historic MGM studios for $8.45bn (£5.97bn). MGM is one of Hollywood’s most famous studios, having produced classic films such as Some Like It Hot and Singin’ In The Rain. The sale will give the...

May 22, 2021 No Responses

Pope Francis To Get First Electric Popemobile From Fisker

Los Angeles-based Fisker Inc plans to supply the first pure electric vehicle for Pope Francis next year, it said on Friday, with features such as a solar roof and carpets made of recycled plastic bottles from the ocean.Fisker will covert its all-electric O...

May 15, 2021 No Responses

Greece Ends Lockdown, Opens To Tourists

Greece has launched its tourist season, lifting most remaining restrictions on movement and declaring “we are putting the lockdown behind us”. Although an average of 2,000 daily Covid cases are still being reported, vaccinations are being rolled ou...

April 25, 2021 No Responses

India Hospitals Send SOS As Covid Toll Surges

Indian hospitals say their patients are dying because of a shortage of oxygen as Covid case numbers and deaths set new records for a third day running. India has recorded nearly a million infections in three days, with 346,786 new...

March 15, 2021 No Responses

Netherlands Suspend Use Of AstraZeneca Vaccine

The Netherlands has become the latest country to suspend use of the Oxford-AstraZeneca coronavirus vaccine over concerns about possible side effects. The Dutch government said the move, which will last until at least 29 March, was a precaution. The Repub...