On Saturday, the G7 countries agreed upon the implementation of a minimum 15% corporate tax.
The US Treasury Secretary Janet Yellen stated on Saturday that Amazon, Facebook and other multinational companies would have to company with G7's new tax regulations.
The British Reckitt Benckiser Group Plc stated on Saturday that it would sell its child nutrition business in China to Primavera Capital for $2.2B.
The Chairman of Germany's Volkwagen, Hans Dieter Poetsch, will seek re-election at the upcoming shareholder general meeting.
The German economy is expected to expand 3.1% in 2021 after a 4.9% contraction in 2020, a report published by the German Council of Economic Experts shows.
Nokia plans to cut 10,000 employees within the next two years to decrease costs and spend more on research, the Finnish telecoms group reports.
The Spanish government revised its economic growth forecast to 6.5% in 2021, down from 7.2%, as the country faces a new wave of the COVID-19 pandemic.
China wants the economy to expand over 6% in 2021 after a slowdown in 2020 caused by the COVID-19 pandemic, China's Premier Li Keqiang says.
The US economy will expand by more than 6% this year, in part due to the nation's aggressive fiscal policy stance, a report published by the Peterson Institute for International Economics shows.
The Irish Finance Minister Paschal Donohoe stated on Saturday that G7's tax deal would not undermine multinationals' investments.
According to sources familiar with the matter, Blackstone Group, Carlyle Group and another private equity company agreed to buy Medline Industries Inc.
Janet Yellen, the US Treasury Secretary, urged G7 member states to maintain fiscal support to help economies to recover.
Sales of Ford vehicles in the US increased 4.1% to 161,725 in May, compared to the same period the previous year, data published by the company show.
The central bank of India revised the economic growth rate to 9.5% from 10.5% in 2022, a statement published by the bank shows.
Retail sales in the Eurozone declined 3.1% in April from the previous month, more than forecasted, the statistics office Eurostat reports.
The US President Joe Biden declined a new proposal from Republicans to increase spending by $50B on his 2022 infrastructure plan from a previous offer of roughly $257B.
On Saturday, G7 member states negotiated a deal on multionational companies new taxation rules.
On Saturday, Philippine authorities pressed charges against Wirecard's former COO Jan Marsalek and other managers over violating the country's banking, e-commerce and other laws.
Ryanair CEO Eddie Wilson state on Saturday that the company would file an appeal against the funding provided by the Italian government to Alitalia successor.
According to sources familiar with the matter, Morgan Stanley made an offer to former BoA's banker Luigi Rizzo to become Vice Chairman overseeing investment banking in the EMEA region.
Bruno Le Maire, the French Finance Minister, stated on Saturday that G7 members were one step away for signing deal on new taxation rules of multinational companies.
The unemployment rate in Canada increased 0.1% to 8.2% in May, data published by the Statistics Canada show.
The economy of Italy is expected to experience a stable and sustainable growth, the National Institute of Statistics reports.
The China Securities Regulatory Commission approved five new applications for the initial public offering on the Shenzhen Stock Exchange.