The Strategist
World & Politics

JPMorgan says it regrets decision to sponsor European Super League - 04/26/2021

JPMorgan has expressed regret over its intention to finance the European Football Super League. The bank admitted it had misjudged the football community's reaction to the deal and its implications. U.S. bank JPMorgan said it regrets its decision to support Europe's top football clubs in creating the Super League, Reuters reports. A spokesman for the bank said the organisation had "misjudged how...

IMF proposes minimum tariff on greenhouse gas emissions - 04/23/2021

The IMF is proposing a minimum tariff on carbon dioxide emissions for large producers, the fund's managing director, Kristalina Georgieva, said. "Our analysis...shows that a gradually rising price on carbon emissions, combined with investment in green infrastructure, could boost global GDP by more than 0.7% a year over the next 15 years and create millions of new jobs," Georgieva said, speaking...

US approves draft allowing lawsuits against OPEC - 04/21/2021

The US House Judiciary Committee on Tuesday approved legislation allowing antitrust suits against OPEC member countries in the US, now to be considered by the full House of Representatives. The No Oil Producing and Exporting Cartels (NOPEC) bill, as explained on the House Legal Committee website, gives the US Department of Justice the authority to initiate antitrust suits against OPEC members and...

Suez Canal Authority arrests Ever Given ship - 04/14/2021

The container ship Ever Given has been arrested over delays in paying compensation for its March accident, Al-Shorouk newspaper reported. Last month, the ship ran aground in the middle of the Suez Canal, blocking it. This caused a massive traffic jam of ships, container ships and tankers for several days. The Suez Canal Authority estimates the damage from the accident at $1 billion. The arrest of...

Iran suspends cooperation with EU on human rights, counter-terrorism and refugees - 04/13/2021

Following the extension of EU sanctions against Iran, Tehran announced a suspension of cooperation on human rights, refugees, counter-terrorism and drug trafficking. In response to the extension of European sanctions, Iran has suspended cooperation with the EU in a number of areas. In particular, the dialogue has been frozen on human rights, counter-terrorism and drug trafficking as well as...

IMF proposes 'solidarity tax' for pandemic earners - 04/08/2021

Countries should consider introducing a temporary additional "solidarity tax" for companies that have been able to make money from the pandemic, the International Monetary Fund (IMF) wrote in its Fiscal Monitor. The IMF believes that a temporary excess profits tax could both replace regular corporate taxes and act as a supplement to them. Such a tax would ensure that businesses that thrived...

IMF improves global GDP growth forecast - 04/07/2021

The global economy will grow at a slightly higher rate than previously expected over the next two years, the International Monetary Fund (IMF) believes. Its global growth forecast for 2021 was raised from 5.5% to 6%, for 2022 from 4.2% to 4.4%. Among developed countries, the US economy will be the fastest to recover, while among developing countries China and India will show the best performance....

US to call on countries around the world to impose a flat minimum tax on businesses - 04/06/2021

New US Treasury Secretary Janet Yellen will call on all countries around the world to set a minimum corporate tax rate in her first policy speech, Axios learned. US government fears local businesses will move to other jurisdictions because of Biden's plans to raise corporate tax from 21% to 28%. US Treasury Secretary Janet Yellen on Tuesday will call on countries around the world to introduce a...

Bloomberg warns of "lopsided" global economic recovery - 04/05/2021

The world's economies will be recovering quickly but unevenly in 2021, Bloomberg warns. Because of slow vaccination rates and tight monetary policy, some developing countries will lag behind the post-pandemic world leaders, the US and China. The global economy will recover from the pandemic crisis at a record pace, with Bloomberg Economics predicting growth of 6.9% in 2021 - the highest in more...

China benefits from Bitcoin hike - 04/05/2021

The rise in bitcoin's exchange price has benefited China and its digital yuan project, which is being actively pursued and promoted by the country's central bank, the People's Bank of China (PBOC), according to CNBC. This view is shared by monetary regulators in several countries. Work on the implementation of the digital yuan began in 2014. The PBOC stresses that it is a digital version of fiat...
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