By David Lawder WASHINGTON (Reuters) -The U.S. Treasury on Monday proposed a new mechanism to comply with and enforce a 15% global corporate minimum tax agreed to last year by 136 countries, partly by denying deductions for taxes paid in jurisdictions with lower rates. The new Undertaxed Profits Rule proposed as part of President Joe…
FRANKFURT (Reuters) – Bayer shareholder Union Investment on Monday came out in support of the drugmaker’s chief executive serving out his full term after the CEO came under renewed pressure over the company’s performance. The support of Germany’s Union Investment, which is a top-20 shareholder, for CEO Werner Baumann to see out his contract to…
By Nivedita Balu and Akash Sriram (Reuters) – Tesla Inc will seek investor approval to increase its number of shares to enable a stock split in the form of a dividend, the electric-car maker said on Monday, sending its shares up about 5%. The plan came as the company suspended its Shanghai factory amid COVID-19-related…
WASHINGTON (Reuters) – The U.S. Treasury on Monday proposed a new mechanism to comply with and enforce a 15% global corporate minimum tax agreed last year by 136 countries, partly by denying deductions for taxes paid in jurisdictions with lower rates. The new Undertaxed Profits Rule proposed as part of President Joe Biden’s fiscal 2023…
LONDON (AP) — Tennis great Boris Becker, who is on trial in London accused of failing to hand over his assets after he was declared bankrupt, has told a jury about his struggles with money including payments for an “expensive divorce” and debts when he lost large chunks of his income after retirement. Becker, 54,…
Russia’s leading independent newspaper suspended operations Monday after pressure from Russian authorities, a move that comes less than six months after its editor won the Nobel Peace Prize for his paper’s courageous reporting under difficult circumstances. The paper, Novaya Gazeta, said it will remain closed for the duration of what the newspaper referred to in…
(Corrects to show that Novatek did not respond to requests for comment, not that it declined to comment) By Chen Aizhu, Julie Zhu and Muyu Xu (Reuters) – China’s state-run Sinopec Group has suspended talks for a major petrochemical investment and a gas marketing venture in Russia, sources told Reuters, heeding a government call for…
(Reuters) – JetBlue Airways Corp said on Monday it would add 5,000 jobs in all sections of its operations in New York this year, as U.S. carriers ramp up their hiring plans amid a rebound in travel. In January, American Airlines Group Inc said it planned to hire another 18,000 employees this year after adding…
By Alexander Hübner and Elvira Pollina BERLIN/MILAN (Reuters) -German broadcaster ProSiebenSat.1 said top investor MediaForEurope (MFE) has rejected an offer of a seat on its supervisory board, suggesting no compromise has been reached ahead of a shareholder vote in May. Previously known as Mediaset, MFE has repeatedly called for closer cooperation with the Munich-based group,…
COPENHAGEN, Denmark (AP) — Danish brewery group Carlsberg said Monday it is pulling out of Russia, hours after its competitor, Dutch brewing giant Heineken, did the same, citing Moscow’s ongoing war against Ukraine. In a statement, the Copenhagen-based group said it had taken “the difficult and immediate decision to seek a full disposal of our…
