Dark clouds hang over the financial district as the spread of the coronavirus disease COVID-19 continues in Frankfurt, Germany. File/ Reuters
Some 130 countries have backed a global minimum tax as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates.
BERLIN: Dutch central bank Governor Klaas Knot expects the eurozone economy to recover speed in the second half after a sluggish start to the year, but in an interview with Handelsblatt the noted hawk was distinctly dovish on long-term interest rates. Knot, one of the most prominent hawks on the European Central Bank’s rate-setting committee told the German paper
German business morale fell to its lowest level since November 2014 in June, a survey showed on Monday, adding weight to expectations that Europe’s largest economy contracted in the second quarter.
Located in the Opportunity District, the Sierra Leone pavilion, under the theme ‘New Beginning,’ takes visitors on a journey to the west African country, which is rich in natural resources.
The UAE has long held the distinction of being Pakistan’s largest trading partner in the Middle East. In fact, Pakistan’s relations with the UAE are robust and marching ahead.
Khaled Mohammed Balama, Governor of the Central Bank of the UAE (CBUAE), launched day two of the Future of Finance conference, hosted by the CBUAE,