WASHINGTON (Reuters) – U.S. President Joe Biden will propose a minimum tax on billionaires as part of the fiscal 2023 budget that is expected to be unveiled on Monday, a document released by the White House showed. Biden’s “Billionaire Minimum Income Tax” would set a 20% minimum tax rate on households worth more than $100…
ZURICH (Reuters) – Zurich Insurance has removed its Z logo from social media after the letter became a symbol of support in Russia for Moscow’s invasion of Ukraine. The company said it was removing the logo – a white Z on a blue background – because it did not want to be misinterpreted as supporting…
BERLIN (Reuters) – The European Central Bank does not expect the war in Ukraine to push the euro zone into stagflation even if it does push up inflation due to higher energy prices and push down growth, President Christine Lagarde was quoted as saying on Saturday. “Incoming data don’t point to a material risk of…
(Reuters) – The Federal Aviation Administration’s safety chief Billy Nolen is expected to be named acting leader of the agency after the current administrator, Steve Dickson, steps down at the end of March, the Wall Street Journal reported on Saturday. An official announcement about the appointment could come as soon as Monday, the Journal said,…
(Reuters) – Uber Technologies Inc said on Saturday it has received permission to operate in London under a new 30-month license, ending a years-long battle with the city transport regulator over safety concerns. “Uber has been granted a London private hire vehicle operator’s license for a period of two and a half years,” a spokesperson…
By Joe Bavier JOHANNESBURG (Reuters) – The African Development Bank (AfDB) is aiming to raise $1 billion to rapidly ramp up agricultural production in Africa and stave off a potential food crisis brought on by Russia’s invasion of Ukraine, its president told Reuters on Friday. But the war, which has sent commodities prices soaring, is…
ZURICH (Reuters) – The Swiss National Bank believes the Swiss franc’s increase in value to above parity versus the euro is unlikely to have a significant impact economically, Chairman Thomas Jordan said in an interview broadcast on Saturday. The currency has surged as investors sought safe-haven assets during the Ukraine war, briefly rising above 1…
DOHA (Reuters) – A delegation from the International Monetary Fund will start talks in Lebanon on March 29, Prime Minister Najib Mikati said on Saturday, expressing hope of a deal in the coming weeks. “Next Tuesday they will start their mission in Lebanon,” he told reporters on the sidelines of the Doha Forum in Qatar….
ISTANBUL (Reuters) – Turkey’s current account deficit is expected to rise to $32 billion or 4.0% of GDP this year, more than the 2.5% previously forecast, Goldman Sachs said, citing rising commodity prices due to the war in Ukraine and Ankara’s reluctance to raise rates. The trade balance – chronically negative in import-reliant Turkey –…
(Reuters) – Russian state-owned energy giant Gazprom said on Saturday that it was continuing to supply natural gas to Europe via Ukraine in line with requests from European consumers. The company said requests stood at 109.5 million cubic metres (mcm) for March 26, up from 105.1 mcm a day earlier. (Reporting by Reuters; editing by…
