Market Buzz
Monday newspaper round-up: Amazon, retailers, Reckitt Benckiser
Experts have raised concerns that Amazon may escape paying significantly more tax in some of its biggest markets unless world leaders close a large loophole in a historic global deal. Finance ministers in London from the G7 group of wealthy nations, including representatives of the UK, US and EU, on Saturday agreed the landmark deal aimed at making the biggest companies such as Apple, Microsoft, Google and Facebook pay more tax. - Guardian.
Friday newspaper round-up: First-time buyers, travel stocks, tech taxes
First-time buyers in England will be able to apply for a discount of up to 50% on a new-build home under a government scheme. The First Homes initiative could save buyers £100,000 or more. But some experts say that with demand for these cut-price homes likely to exceed supply, it could spark a scramble for properties and add more fuel to the house price boom. - Guardian.
Thursday newspaper round-up: Musk tweets, Amazon, AMC Entertainment
The US securities watchdog told Tesla last year that CEO Elon Musk had twice violated a settlement requiring his tweets to be preapproved by company lawyers, the Wall Street Journal reported on Tuesday. Musk and the US Securities and Exchange Commission agreed in 2019 that the electric car maker would vet any material public communications Musk made regarding Tesla. - Guardian.
Wednesday newspaper round-up: Fossil fuel, EU migration, coal-fired plants
The nations that make up the G7 have pumped billions of dollars more into fossil fuels than they have into clean energy since the Covid-19 pandemic, despite their promises of a green recovery. As the UK prepares to host the G7 summit, new analysis reveals that the countries attending committed $189bn to support oil, coal and gas between January 2020 and March 2021. In comparison, the same countries – the UK, US, Canada, Italy, France, Germany and Japan – spent $147bn on clean forms of energy.
Tuesday newspaper round-up: Corporation tax, Bacanora, Channel 4, Schroders
The UK would reap an extra £14. 7bn annually by adopting Joe Biden’s proposal for a new global minimum corporation tax rate of 21%, according to a major thinktank. The Institute for Public Policy Research (IPPR) Centre for Economic Justice has urged the government to embrace and push for the US president’s proposals at the forthcoming G7 summit, arguing that the global system would both be fairer and allow the UK to raise billions in vital revenue. - Guardian.