In an attempt to crack down on tax havens. The G7 leaders agreed on setting international minimum levels for corporation tax.
“Together we can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth, and prosperity,” Treasury Secretary Janet Yellen said.
In the U.S. Biden is pushing to raise corporation tax from 21% to 28%.
Read More: Fox News
In a speech at the G7 summit, Prime Minister Boris Johnson urged world leader s to “Build Back Better”, as the world rebuilds after the pandemic. He also called for a “more gender-neutral, feminine way”. The PM also said this was a time to come together to deal with issues surrounding climate change.
[W]hat the people of our countries now want us to focus on [is] beating the pandemic together, and discussing how we’ll never have a repeat of what we’ve seen, but also that we’re building back better together, and building back greener, and building back fairer, and building back more equal, and… in a more gender-neutral, and perhaps a more feminine way,” said Johnson.
Read More: Breitbart
Russian President Vladimir Putin on Monday signed a law to officially end the country’s Open Skies Treaty with the U.S. less than two weeks before his meeting with President Biden in Geneva.
Read More: Fox News
VP Kalama Harris will visit Guatemala and Mexico on her first foreign trip as Vice President. Harris has been tasked by President Biden to tackle the spike in immigration on the U.S. Mexico border.
As part of the trip, she is hoping to deal with issues around smuggling and human trafficking.
Read More: The Independent
Chinese is building two nuclear reactors which are attracting some attention. The mysterious reactors are of a type called China Fast Reactor 600 (CFR-600). These reactors are known as breeder reactors, as they create more fuel than the use.
In the nuclear fission process of these reactors, plutonium and depleted Uranium is produced. It is thought that China is using these reactors to accelerated their nuclear weapons program. It is projected that by 2030 China could have as many nuclear warheads as the U.S., in their arsenal.
Read More: Popular Mechanics
Gov. DeSantis has signed a law that will hold tech companies accountable for their decisions on content moderation. He said the law will protect people from “power grab on speech, thought and content.”
Read More: Fox News
Reports have come to light that show that President Biden is willing to waiver sanctions against Russia, which will allow the building of an oil pipeline between Russia and Germany.
Read More: Breitbart
There have been reports that Amazon are in talks to take over MGM for $9 billion.
MGM are behind blockbusters like James Bond, Rocky, and The Handmaiden’s Tale.
Read More: Breitbart
The Consumer Price Index climbed 4.2 percent annually in April. Compared with March, prices rose 0.8 percent.
Read More: Breitbart
Former Iranian President Mahmoud Ahmadinejad has registered as a candidate in the upcoming elections in Iran.
Read More: Fox News
The US Census Bureau announced that Texas would gain two House seats, as a result of updated population statistics. New York and California would lose seats.
Read More: Fox News