Chipotle Mexican Grill Inc said on Tuesday it has increased prices for products across its menu by about 4 percent owing to rising labor costs. Several companies in the retail space, including McDonald’s and Walmart, have increased hourly wages for employees in recent months to retain and hire more workers to keep up with a…
G7 Agrees on Global Minimum Corporate Tax, But Details Need Working Out
The world’s leading industrial nations reached an accord on June 5 to set a global minimum tax rate, in an effort to discourage multinational corporations from shifting profits to low-tax countries. While the accord is a significant breakthrough, for those seeking international agreement on corporate taxes, there is more work ahead. Group of Seven (G-7) nations…
G-7 Agrees on Global Minimum Corporate Tax, But Details Need Working Out
The world’s leading industrial nations reached an accord on June 5 to set a global minimum tax rate, in an effort to discourage multinational corporations from shifting profits to low-tax countries. While the accord is a significant breakthrough for those seeking international agreement on corporate taxes, there’s more work ahead. The Group of Seven (G-7) nations…
Lawmakers Call on Apple to Drop Suppliers Implicated in Forced Labor in Xinjiang
The chairmen of a top U.S. congressional body on June 8 urged Apple CEO Tim Cook to divest itself from Chinese suppliers implicated in forced labor involving Uyghur Muslims. The call came after recent investigations found that several Apple suppliers had ties to suspected forced labor of Uyghurs in the far western region of Xinjiang….
Chips Shortage Limits Auto Production in Brazil, Automakers Association Says
SAO PAULO—Automaker’s plants in Brazil have reached a “production ceiling” after the first five months of the year, below pre-pandemic levels, due to a shortage of computer chips, the South American nation’s automakers association said on Tuesday. A semiconductor shortage has been affecting the production of chips and may reduce the global number of automobiles…
US Job Openings Surge to Record 9.3 Million in April
WASHINGTON—U.S. employers posted a record 9.3 million job openings in April with the U.S. economy reopening at breakneck speed. The number of job openings soared 12 percent from the 8.3 million counted in March. But employers hired just 6.1 million, up one percent from March, according to a Labor Department report Tuesday, suggesting that positions…
Commerce Secretary: Cyberattacks on U.S. Companies ‘Will Only Intensify’
June 7, 2021
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BusinessCompaniescyber securitycyberattacksExecutive BranchNational SecurityPoliticsU.S. Commerce DepartmentUSUS News
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U.S. Secretary of Commerce Gina Raimondo said Sunday that cyberattacks will only increase in the future and that she and the administration are urging all businesses to shore up their own cybersecurity systems, while the federal government works to strengthen national cybersecurity. “So, I think the first thing we have to recognize is, this is…
Commerce Secretary: Cyberattacks on US Companies ‘Will Only Intensify’
June 7, 2021
admin
BusinessCompaniescyber securitycyberattacksExecutive BranchNational SecurityPoliticsU.S. Commerce DepartmentUSUS News
0 Comment
U.S. Secretary of Commerce Gina Raimondo said Sunday that cyberattacks will only increase in the future and that she and the administration are urging all businesses to shore up their own cybersecurity systems, while the federal government works to strengthen national cybersecurity. “So, I think the first thing we have to recognize is, this is…
15 Percent Global Corporate Tax ‘Very Significant Step Forward’: OECD Official
A top official at the Organization for Economic Cooperation and Development (OECD), which is hosting talks on a global corporate tax pushed by the Biden administration, said a 15 percent minimum rate would be a “very significant step forward” that still leaves countries with enough scope to compete to attract multinationals to their jurisdictions. OECD Secretary-General…
Trump Blasts Bitcoin as ‘Scam’ That Threatens Dollar’s Role as Reserve Currency
Former President Donald Trump took Bitcoin into his crosshairs on Monday, calling the blockchain-based cryptocurrency a “scam” that threatens the greenback’s dominance as the world’s chief reserve currency. “Bitcoin, it just seems like a scam,” Trump told Fox Business’s Stu Varney in an interview. “I don’t like it because it’s another currency competing against the…
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