Page 14 - Global Economy

Explained: What is a global minimum tax and what will it mean?

Major economies are aiming to discourage multinationals from shifting profits - and tax revenues - to low-tax countries regardless of where their sales are made.

Global M&A activity surges to record high for third straight month

During the five months, 428 deals worth over $1 billion were struck, compared to 131 during the same period last year.

G-7 nears deal for at least 15% global minimum corporation tax: Report

The ministers are meeting Friday and Saturday in London and are due to release a statement after the discussions.

Global mergers and acquisition surges to record high for 3rd straight month

(Reuters) - Global mergers and acquisition (M&A) activity hit a record high for the third straight month in May, driven mainly by low interest rates, soaring equities and higher dealmaking interest in sectors that have received a boost from the COVID-19 pandemic.

US private sector adds 978,000 jobs in May, biggest gain in 11 months

Private companies in the US added 978,000 jobs in May, which marked the biggest gain in 11 months and indicated a continued labour market recovery amid the Covid-19 pandemic, according to a report

Covid-19 created employment crisis, 'all countries have suffered': ILO

UN agency predicts uneven economic recovery in second half of 2021, but newly created jobs will be of low quality.

ECB to keep policy loose this year despite high inflation risks: Poll

The poll showed headline inflation would pick up sharply to average 1.8% this year

No recovery in global jobs market from pandemic until at least 2023: ILO

Global unemployment rate seen at 6.3% this year, 5.7% in 2022; uneven stimulus, vaccine access foster inequalities, says ILO

World runs out of everything as a manufacturing drill 'goes too far'

Just In Time manufacturing delivers supplies to factories right as they are required, minimising the need to stockpile them

The Covid-19 pandemic trauma has changed economics, maybe forever

The Great Recession that followed the crash of 2008 had already triggered a rethink

OPEC wins, the West loses

Judges, investors force oil firms towards low-carbon future

Global economy will return to pre-Covid level by 2022, says OECD

Raises world GDP growth forecast to 5.8%

Forecast: Global economy rebounding, but faces multiple threats

The OECD said that relief and stimulus measures in the more developed world had done much to get the economy through the pandemic recession and back on the path of growth.

Best of BS Opinion: Distant thunder in world economy, rocket rupee & more

Here are the best of Business Standard's opinion pieces for Monday

Distant thunder in the world economy

We're in the happy period of global economy coming back to life, but we need to watch carefully the US inflation situation

The coming long spell of demand drought

Looks like India's demand curve has shifted downwards for a couple of years at least, writes Shailesh Dobhal

Global rebound euphoria tests central bankers' nerves on economic risk

Central banks bear some responsibility for financial-market fervor after huge doses of stimulus and liquidity injections to keep economies afloat

The way forward for firms

Indian firms need to prepare for export boom by vaccinating employees, their family members; and prioritise export market

Commodity conundrum

Higher international prices will increase policy risks

United Nations raises global economic forecast to 5.4% growth in 2021

UN warned that surging Covid cases and inadequate availability of vaccines threaten a broad-based recovery