Uncategorized

Ireland’s finance chief is still optimistic on a digital tax deal despite US backlash

The United States shocked European nations earlier this month when it pulled out of international negotiations over such a tax.
The United States has been a fierce opponent of plans to make digital giants pay more in taxes, as the majority of these firms are American. It is the White House’s view that digital taxes are unfair toward U.S. companies.
But Paschal Donohoe, the Irish minister of finance, told CNBC Wednesday: “I am actually optimistic about our ability to make progress on this inside the OECD.”

White House trade advisor Peter Navarro denies saying that China trade deal is ‘over’

White House trade advisor Peter Navarro has clarified that the U.S.-China phase one trade deal is not over, and that his comments to Fox News was taken “wildly out of context.”
Fox earlier reported that Navarro, a China hawk, had said President Donald Trump decided to terminate the trade agreement.
In a Twitter post late Monday, Trump said “The China Trade Deal is fully intact. Hopefully they will continue to live up to the terms of the Agreement!”

How start-ups can find opportunities during the coronavirus crisis

Make sure you don’t run out of cash, find new business opportunities and complete funding rounds quickly — that’s the advice experts have for start-ups during the difficult times of the pandemic.
Entrepreneurs trying to build their businesses should try to understand how the coronavirus pandemic is going to shift behavior and adapt to that change, according to a senior executive at Sequoia Capital India.

Asia Pacific stocks nudge higher as investors watch reopening of economies

The World Health Organization said the number of newly reported cases globally hit a daily record this week, amid authorities around the world attempting to ease lockdown measures put in place to curb the virus’ spread.
Overnight on Wall Street, the S&P 500 advanced 1.7% to 2,971.61, its highest closing level since March 6. Wednesday’s advance stateside put the major averages up more than 3% for the week.