The leading advanced economies are set to strike a common position on taxing multinational companies in an attempt to end a three-decade race to the bottom in corporate taxation and raise extra revenue for governments, reports the Financial Times.
The Financial Times leads on a story that global food prices rose by 40% in May, according to the UN Food and Agriculture Organisation. This will hit poorer countries particularly hard, the paper reports.
Commodities trader Trafigura warned Credit Suisse last year that the bank’s supply-chain finance funds appeared to contain a suspicious invoice, the Financial Times reports.
The Financial Times reports that accountancy group EY is to centralise power in a new European executive team.
US financial authorities are preparing to take a more active role in regulating the cryptocurrency market, the Financial Times reports.
The Financial Times leads on European airlines being forced to cancel flights to Moscow after Russian authorities failed to approve new routes that avoided Belarus’s airspace in response to Minsk’s interception of a passenger jet.
The Financial Times features his claims that the PM was “unfit” to lead the country.
Chancellor Rishi Sunak will set out plans to block companies from listing on the London Stock Exchange on national security grounds as government concerns mount over the “dirty money” in British financial markets, the Financial Times reports.
The UK has warned airlines to avoid Belarus airspace and banned the country’s national carrier from its airports after the Minsk regime intercepted a Ryanair flight and detained a leading opposition activist, reports the Financial Times.
