Their unprecedented profits over the past year have shown their unwillingness to adapt.
Economics
S&P Global: UK Economy Crashing into Recession – Inflation may slow
Key findings:Flash UK PMI Composite Output Index(1) at 50.9 (Jul:52.1). 18–month low.Flash UK Services PMI Business Activity Index(2) at52.5 (Jul: 52.6). 18–month low.Flash UK Manufacturing Output Index(3) at 42.4(Jul: 48.9). 27–month low.Flash UK Manufacturing PMI(4) […]
Finance
Oxfam: OECD Inclusive Framework agrees two-pronged tax reform and 15 percent global minimum tax: Oxfam reaction
15% global minimum corporate tax rate (130 of 139 nations have agreed) “no more than a G7-money grab. Rich countries are forcing developing countries to choose between a raw deal or no deal…another form of […]
EU politics
US News: Portugal’s Gig-Economy Workers Set to Become Staff
Portugal has moved a step closer to ordering digital platforms such as Uber and Glovo to employ some of their drivers as staff with formal contracts and benefits, becoming the latest European nation to tackle […]
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