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Facebook CEO Mark Zuckerberg (AFP Photo - Getty Images - Win McNamee)

Mark Zuckerberg to voice support for global tax on tech giants

Facebook CEO Mark Zuckerberg is to offer public support for international tax reform which would see technology giants pay more tax in Europe.
Facebook CEO Mark Zuckerberg (AFP Photo - Getty Images - Win McNamee)

Facebook’s Mark Zuckerberg wants ‘new framework’ for digital tax

Facebook founder and CEO Mark Zuckerberg on Friday backed moves by the OECD group of free-market economies to reform the way online giants are taxed worldwide, even if that means companies like his own paying more to national governments.

ECB chief tells Europe to ‘innovate and invest’

Christine Lagarde on Friday urged European countries to “innovate and invest” more to support growth at a time of global uncertainty, in her first major policy speech as president of the European Central Bank.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Minister hails National Assembly on 2019 finance bill

Minister of Finance, Budget and National Planning, Mrs. Zainab Shamsuna Ahmed, has lauded the attention, speed and commitment with which the National Assembly considered the Finance Bill 2019 submitted by President Muhammadu Buhari .
Lidya

Nigeria’s Lidya plans $1.1 billion SMEs loans for Czech, Poland

Nigerian fintech lending platform, Lidya, is targeting Poland and the Czech Republic for expansion after providing thousands of loans in Nigeria, seeing an opportunity in the funding gaps facing small enterprises in fast-growing European economies.
Leader of Poland’s ruling Law and Justice (PiS) party, Jaroslaw Kaczynski addreses supporters after the first exit polls during the party’s electoral evening in Warsaw, Poland, on October 13, 2019. – Poland’s governing right-wing Law and Justice (PiS) party won the general election in Poland, expanding its majority, according to an exit poll by the Ipsos institute. (Photo by Wojtek RADWANSKI / AFP)

Populists top Poland vote, expand majority on welfare, family values

Poland’s governing right-wing party took the lead in Sunday’s general election, an exit poll showed, expanding its majority thanks to a raft of welfare measures coupled with attacks on LGBT rights and Western values.

Climate change: Nuclear power game changer – IAEA

Climate change is one of the greatest challenges of our time and the goal of reducing greenhouse gas (GHG) emissions will be difficult to achieve without a significant increase in the use of nuclear power, IAEA Acting Director General Cornel Feruta said today.
Ukraine’s President Volodymyr Zelensky was urged by Trump in a July 25 phone call to investigate Democrat front-runner Joe Biden and his son Hunter, who was tied to a company owned by a Ukrainian oligarch.

Donald Trump scandal puts Ukraine’s president in akward position

Ukraine’s actor turned president may have been used to spotlight but revelations involving a phone call with U.S. President Donald Trump has shone a light on his inexperience, which could result in Ukraine being played as a political football.

Expert: Retention of MPR at 13.5 percent in order

Mr Tope Fasua, an economic expert, said the retention of Monetary Policy Rate (MPR) by the Monetary Policy Committee (MPC) was in order.
Facebook

France seeks Facebook Libra cryptocurrency ban in Europe

France’s economic minister declared that the French government intends to block the development of Facebook’s Libra cryptocurrency in Europe because of the systematic threats it poses to financial security and stability.
France is creating a G7 task force to study how central banks ensure cryptocurrencies like Facebook’s Libra are governed by regulations ranging from money-laundering laws to consumer-protection rules, France’s central bank governor said on Friday.

France will block development of Facebook Libra cryptocurrency

France warned Thursday it will block development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.
French Economy Minister Bruno Le Maire. Getty Images

US, France to lead talks on a global digital tax

France and the United States are taking leading roles in talks aimed at reaching a deal on a global digital tax by mid-2020.

African leaders to invest $1 trillion on infrastructure

African nations are targeting to invest $1 trillion over the next 10 years to bridge the worrisome infrastructure gap on the continent.

US tech industry leaders: French digital service tax harms global tax reform

Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it.
President Trump began his re-election rally by hammering his rivals and heralding his perceived successes. Erin Schaff-The New York Times

France faces Donald Trump on planned tax

France won’t back off from its planned tax on companies like Facebook and Google, even after the US suggested it may use trade tools against the levy.

UNHCR: 70 million people displaced globally by war, violence

The United Nations High Commissioner for Refugees (UNHCR), Filippo Grandi, has said that over 70 million people have globally been displaced by war, violence, sometimes combined with poverty or climate change.
Jose Angel Gurria

OECD: Millennials are been squeezed out of middle class

The middle class is getting squeezed and it is the millennial generation above all that is bearing the brunt, the Organisation for Economic Co-operation and Development has said, urging action to help households struggling with the rising cost of education and housing as incomes stagnate.

Oil prices rise to multi-month highs

Oil prices have surged to their highest level in months, with the US West Texas Intermediate rising above $58 per barrel and Brent trading north of $67.

Recent Stories

Justin Fashanu will be inducted into the National Football Museum's Hall of Fame on Wednesday

Justin Fashanu to be inducted into football Hall of Fame

Justin Fashanu, Britain's first and only out gay male professional footballer, is to be posthumously inducted into the National Football Museum's Hall of Fame later this week.
Queen Elizabeth II’s nephew David Armstrong-Jones is set to divorce, a spokesman said Monday — the second marriage split in the British royal family announced within a week.

Queen Elizabeth II’s nephew in latest royal marriage split

Queen Elizabeth II’s nephew David Armstrong-Jones is set to divorce, a spokesman said Monday — the second marriage split in the British royal family announced within a week.
Tomato plants in France’s far-west Finistere region have been contaminated with a destructive virus that can lead to whole crops being wasted, the agriculture ministry said on Monday.

France confirms first case of ruinous tomato virus

Tomato plants in France’s far-west Finistere region have been contaminated with a destructive virus that can lead to whole crops being wasted, the agriculture ministry said on Monday.
Odion Ighalo has become the first Nigerian to play for Manchester United following his debut against Chelsea.

Odion Ighalo makes Manchester United debut against Chelsea — video

Odion Ighalo has become the first Nigerian to play for Manchester United following his debut against Chelsea.
All Progressives Congress (APC) Nigeria

Jigawa bye-election: Musa Muhammadu wins APC Babura/Garki federal constituency primary

Musa Muhammadu has emerged the candidate of the All Progressives Congress (APC) for the bye-election into the vacant Babura/Garki Federal Constituency of Jigawa.