Global minimum tax still far from becoming reality
After the accolades, an agreement among the world's wealthiest countries to set a global minimum tax on the biggest companies now faces a long, bumpy road to implementation
G7 strikes ‘historic’ agreement over global corporate tax
Finance ministers from wealthy G7 nations have endorsed a global minimum corporate tax rate of at least 15%, targeting tech giants and other multinationals accused of not paying enough tax
Virus-hit Italy faces political crisis over EU recovery plan
Italy is facing a fresh political crisis after weeks of turmoil in the coalition government came to head in a row over how to spend billions of euros in EU coronavirus recovery funds
Does Brexit free Europe to seek closer union?
British politicians often speak of Brexit as an opportunity to escape Brussels' shackles, but does the divorce also free Europe to go its own way and seek an 'ever closer union'?
Hungary, Poland veto EU budget decision
The two countries have blocked approval of the EU's long-term budget. The spending plans also include a €750-billion coronavirus rescue package.
Eurozone GDP up 12.7% in Q3, biggest quarterly rise
Eurozone output soared by 12.7 percent in the third quarter as the bloc bounced back from the depths of the coronavirus lockdown, according to the Eurostat statistics agency
Spain hopes to create 800,000 jobs with economic rescue plan
Spain's government has unveiled an EU-funded recovery plan aimed at creating over 800,000 new jobs and yanking the country out of its worst economic slump in decades
EU Commission plans 81 billion in loans for short-time work schemes
The European Union Commission has planned to pay out billions of euros as loans for workers affected by the corona virus pandemic, as part of the EU's recession recovery plan.
EU tax for massive recovery package? We’ll see…
One of the biggest gambles of the 750 billion-euro coronavirus recovery package agreed by the EU is the idea that Brussels will be able to raise new taxes and levies across Europe to pay for it
EU leaders strike deal on historic coronavirus stimulus package
After a marathon summit with long negotiations, European Union leaders finally struck a deal for a recovery stimulus plan and a long-term budget.