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Trump meets with a senior Japanese official after court session in his hush money trial
Read full article: Trump meets with a senior Japanese official after court session in his hush money trialFormer President Donald Trump is meeting with another foreign leader while he’s in New York for his criminal hush money trial.
World Bank sees 5.6% global growth in 2021, best since 1973
Read full article: World Bank sees 5.6% global growth in 2021, best since 1973The World Bank is upgrading the outlook for global growth this year, predicting that COVID-19 vaccinations and massive government stimulus in rich countries will power the fastest worldwide expansion in nearly five decades.
G-7 back steps to deter tax dodging by multinational firms
Read full article: G-7 back steps to deter tax dodging by multinational firmsThe Group of Seven wealthy democracies have agreed to support a global minimum corporate tax of at least 15% to deter multinational companies from avoiding taxes by stashing profits in low-rate countries.
Japan OK's funds for $1.1 T stimulus to fight pandemic woes
Read full article: Japan OK's funds for $1.1 T stimulus to fight pandemic woesJapan's Prime Minister Shinzo Abe speaks during a meeting of government and ruling party officials at his office in Tokyo Wednesday, May 27, 2020. Japans Cabinet has approved a proposed 32 trillion-yen ($296 billion) supplementary budget to help fund measures to cushion the blow to the economy from the coronavirus pandemic. (Kyodo News via AP)TOKYO Japans Cabinet approved a proposed 32 trillion-yen ($296 billion) supplementary budget Wednesday to help fund $1.1 trillion in measures to cushion the blow to the economy from the coronavirus pandemic. Japans economy, the worlds third largest, slipped into recession in the last quarter and was already slowing before the pandemic hit thanks to weakening global demand and consumer spending. The virtual shutdown of tourism has also taken a huge toll, while the global economic fallout from the pandemic is hammering businesses everywhere.