Business News
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Japan criticizes U.S. digital tax proposal at G20
RIYADH (Reuters) - Japanese finance minister Taro Aso criticized on Sunday a U.S. tax reform proposal that he said could undermine global efforts to agree new rules on taxing big tech companies.
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No global digital tax by end-2020 would mean chaos: France
RIYADH (Reuters) - Failure to reach a global deal on where and how much to tax digital giants such as Google
, Amazon or Facebook would result in many digital tax regimes emerging all over the world, France's Finance Minister said on Sunday. -
G20 finance heads eye impact of coronavirus outbreak on growth, see modest pickup
RIYADH (Reuters) - Finance chiefs of the world's top 20 economies vowed to monitor the impact of the coronavirus outbreak on global growth and act if needed, as they said loose monetary policy and easing trade tensions would prompt a pick-up in 2020 and 2021.
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Amazon in Holocaust row about 'Hunters' series, anti-Semitic books
WARSAW (Reuters) - The Auschwitz Memorial criticized Amazon
on Sunday for fictitious depictions of the Holocaust in its Prime series "Hunters" and for selling books of Nazi propaganda. -
TurboTax maker Intuit nears agreement to buy Credit Karma for $7 billion: WSJ
(Reuters) - Intuit Inc is nearing an agreement to buy financial technology portal Credit Karma Inc for about $7 billion, the Wall Street Journal reported.
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Buffett calls for more accountability for corporate directors
(Reuters) - Warren Buffett on Saturday called on corporate America to make their boards of directors more accountable to shareholders and less beholden to chief executive officers, perhaps by reducing their pay and requiring that they buy more stock.
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Rising stocks fuel record profit for Buffett's Berkshire; operating profit disappoints
(Reuters) - Warren Buffett's Berkshire Hathaway Inc
on Saturday posted a 23% decrease in quarterly operating profit, while soaring prices in stock holdings such as Apple Inc enabled the conglomerate to smash its old record for full-year earnings. -
As Teck oil sands mine hopes for okay from Canada's Trudeau, 20 other projects on hold
WINNIPEG, Manitoba (Reuters) - As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources' Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices.
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Buffett defends Berkshire stock push, reassures on future as profit smashes record
NEW YORK (Reuters) - Warren Buffett on Saturday forcefully defended Berkshire Hathaway Inc's
decision to invest heavily in stocks of companies such as Apple Inc as he labors through a four-year drought since his last major acquisition of a company. -
Exclusive: If Lebanon needs financial aid, France will be there, finance minister says
RIYADH (Reuters) - France is ready to support Lebanon financially - bilaterally or multilaterally - its finance minister said on Sunday, warning against mixing economic recovery in the small Mediterranean state with U.S.-led efforts to counter Iran in the region.
