Category: International

Countries Reach Deal To Cut Trade Costs
December 3, 2021 No Responses

Countries Reach Deal To Cut Trade Costs

Members of the World Trade Organization (WTO) have agreed on a landmark deal that could cut trade costs by £113bn a year.  Some 67 members agreed to cut red tape around licensing and qualifications.  The signatories, which include the UK,...
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World Leaders Approve Corporate Tax Deal
October 31, 2021 No Responses

World Leaders Approve Corporate Tax Deal

Leaders of the world’s 20 major economies have approved a global agreement that will see the profits of large businesses taxed at least 15%. It follows concern that multinational companies are re-routing their profits through low tax jurisdictions. ...
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Buhari Commiserates With America Over Colin Powell’s Death
October 19, 2021 No Responses

Buhari Commiserates With America Over Colin Powell’s Death

President Muhammadu Buhari has offered his deepest condolences to President Joe Biden, the government and people of the United States, on the passing of the former Secretary of State, Gen. Colin Powell.  The President’s condolence message is contained i...
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Nigerian Community Raises $33,000 For New York City Mayoral Candidate
October 18, 2021 No Responses

Nigerian Community Raises $33,000 For New York City Mayoral Candidate

The Nigerian community in New York has raised 33,000 dollars in its ongoing efforts to support the Democratic nominee for the Mayor of New York City in the November election, Mr Eric Adams.  Chairman, Board of the Organisation for the Advancement...
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China To Open Third Stock Exchange
September 5, 2021 No Responses

China To Open Third Stock Exchange

China has announced plans to set up a third stock exchange to serve small and medium-sized businesses. President Xi Jinping said the new share market will be in the capital Beijing, during a speech to the International Fair for Trade...
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Tanker Crew Arrested Over Crude Oil Theft
August 27, 2021 No Responses

Tanker Crew Arrested Over Crude Oil Theft

The captain and 18 crew members of oil tanker, MT Strovolos have been detained by the Indonesian Navy on suspicion of stealing nearly 300,000 barrels of crude oil. According to World Maritime News, the Bahamas-flagged tanker was seized by the...
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UK To Welcome 20,000 Afghans
August 18, 2021 No Responses

UK To Welcome 20,000 Afghans

Thousands of Afghan refugees will be resettled in the UK after the Taliban seized control of Kabul, the UK government has promised. The new scheme will see up to 20,000 Afghans offered a route to set up homes in the...
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Biden Defends US Pullout From Afghanistan
August 17, 2021 No Responses

Biden Defends US Pullout From Afghanistan

President Joe Biden has said he stands “squarely” behind the US exit from Afghanistan as he faces withering criticism over the Taliban’s lightning conquest of the war-torn country. “How many more American lives is it worth?” asked...
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Israel Imposes Quarantine On All Inbound Travelers
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 cou...
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G20 Finance Ministers Back Deal To Tax Companies
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%. ...
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Egypt’s January-June Tourism Revenues Hits $3.5-4b
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....
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130 Countries Back Global Tax Overhaul
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...
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Warren Buffett Donates $4.1b To Charity
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...
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UK To Join Asia-Pacific Free Trade Pact
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...
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