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Biden sells G-7 on global tax, but U.S. Congress is a hurdle

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President Joe Biden might have persuaded some of the world’s largest economies to hike taxes on corporations, but the U.S. Congress could be a far tougher sell. White House press secretary Jen Psaki said Friday that leaders of the Group of Seven which also includes the United Kingdom, France, Canada, Germany, Italy and Japan agreed with Biden on placing a global minimum tax of at least 15 per cent on large companies. The G-7 leaders, participating in a three-day summit in England, affirmed their finance ministers who earlier this month…

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NEWS CATEGORIES SPORTS 

Djokovic hands Nadal 3rd loss in 108 French Open matches

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Sprinting, sliding and stretching, anticipating each other’s moves for four sets and more than four hours, Novak Djokovic and Rafael Nadal produced a masterpiece in the French Open semifinals. Djokovic, as it happens, is one of only two men in tennis history who knows what it takes to beat Nadal at Roland Garros. And now Djokovic has done it twice this time ending Nadal’s bid for a 14th championship there and record-breaking 21st Grand Slam title overall by coming back to win their 58th career matchup 3-6, 6-3, 7-6 (4),…

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LEGAL NEWS NEWS CATEGORIES 

SC to order closure of case against Italian marines in India for killing 2 Kerala fishermen

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The Supreme Court Friday said it would pass orders on June 15 on closure of proceedings in India against two Italian marines, accused of killing two fishermen off the Kerala coast in February 2012, and the disbursal of Rs 10 crore compensation to the heirs of the victims. Referring to the international arbitral award and the terms of the agreement among India, Italy and the Kerala government, a vacation bench comprising justices Indira Banerjee and M R Shah said the case against marines Massimilano Latorre and Salvatore Girone for the…

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BUSINESS NEWS CATEGORIES 

Why big pharma had a responsibility to profit from the pandemic

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The pharmaceutical company Pfizer expects to earn up to US 26 billion ( 18 billion) this year from the sale of its COVID-19 vaccine. Profits for the first quarter of 2021 are apparently 44% higher than they were a year ago. Similarly, Moderna expects to make US 18.4 billion ( 13 billion), and record its first ever profit this year. This has led some to ask whether it is right for these big drug companies to effectively profit from the pandemic especially in light of commitments from competitors Johnson &…

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NEWS CATEGORIES SPORTS 

As ‘A’ team coach, made sure every player on tour got a game: Dravid

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Widely credited for creating India’s talent pool at the under-19 and A level, former captain and NCA Director Rahul Dravid says during his stint as coach with these teams, he made sure that every cricketer who toured got a game unlike his playing days. Dravid will be head coach of a Shikhar Dhawan-led Indian team that will tour Sri Lanka for a white-ball series next month. He doesn’t travel with the A and U-19 squads any more but it was he who made sure all the squad members played on…

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ENTERTAINMENT NEWS CATEGORIES 

James Wan reveals title for ‘Aquaman 2’

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The much-awaited sequel to Warner Bros’ 2018 superhero hit “Aquaman” has been titled “Aquaman and the Lost Kingdom”. Filmmaker James Wan, who directed the Jamon Momoa-led first part, shared the news in a post on Instagram on Thursday. Wan posted an image from a production meeting, which featured the title as “Aquaman and the Lost Kingdom”, in what looks to be a potential logo for the film. “The tide is rising,” he captioned the photo. “Aquaman” featured Momoa as Arthur Curry aka Aquaman, a half-Atlantean, half-human who sets out to…

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BUSINESS NEWS CATEGORIES 

Sensex jumps over 250 pts in early trade; Nifty tops 15,800

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Equity benchmark Sensex jumped over 250 points and touched a record intra-day high of 52,578.07 in early trade on Friday, tracking gains in index-heavyweights Reliance Industries, Infosys and HDFC Bank amid a positive trend in global equities. The 30-share BSE index was later trading 241.05 points or 0.46 per cent higher at 52,541.52 in initial deals. Similarly, the broader NSE Nifty advanced 72 points or 0.46 per cent to 15,809.75. PowerGrid was the top gainer in the Sensex pack, rising around 2 per cent, followed by Reliance Industries, ONGC, HCL…

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NEWS CATEGORIES WORLD NEWS 

Israel’s Netanyahu lashes out as end of his era draws near

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In what appear to be the final days of his historic 12-year rule, Israeli Prime Minister Benjamin Netanyahu is not leaving the political stage quietly. The longtime leader is accusing his opponents of betraying their voters, and some have needed special security protection. Netanyahu says he is the victim of a deep state conspiracy. He speaks in apocalyptic terms when talking about the country without his leadership. They are uprooting the good and replacing it with the bad and dangerous, Netanyahu told the conservative Channel 20 TV station this week.…

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NATIONAL NEWS NEWS CATEGORIES 

India records 91,702 new COVID-19 cases, 3,403 fresh fatalities

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The daily COVID-19 count in India remained below the one-lakh mark for the fourth consecutive day with the country reporting 91,702?fresh cases, while the daily positivity rate dropped to?4.49 per cent,?according to the Union Health Ministry data updated on Friday With the fresh cases, the total tally of cases has climbed to 2,92,74,823. However, recoveries continue to outnumber daily new cases for 29th consecutive day. The number of people who have recuperated from the disease surged to 2,77,90,073, the data stated. The COVID-19?death toll climbed to?3,63,079 with?3,403? fresh deaths,?while the…

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LEGAL NEWS NEWS CATEGORIES 
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 People living in glass houses should not throw stones at others, the Supreme Court said on Friday and termed it shocking that former Mumbai Police Commissioner Param Bir Singh, who has served the state cadre for over 30 years, is now stating that he has no trust in the state police. The apex court, which was hearing Singh’s plea seeking transfer of all inquiries against him to an independent agency outside Maharashtra, said the petitioner should not have doubt on the police force in which he has served. It is…

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