Republicans threaten to sink Biden’s G7-backed plan to fix global tax system G7 supports international minimum rate of at least 15% but Republicans in Congress condemn proposal as ‘crazy’
Global economy set for fastest recession recovery in 80 years, says World Bank Slow Covid-19 vaccine progress in low-income countries will widen divisions between rich and poor nations
Climate crisis to shrink G7 economies twice as much as Covid-19, says research G7 countries will lose $5tn a year by 2050 if temperatures rise by 2.6C
‘A sacrificed generation’: psychological scars of Covid on young may have lasting impact Young people across Europe reveal how the pandemic has made them impatient for systemic change after bearing brunt of fallout
Thinktank urges UK government to back Biden’s global tax plan Proposal for 21% minimum corporate rate would generate additional £14.7bn for Britain, says IPPR
UK growth upgraded, but OECD warns of deepest economic scar in G7 Thinktank says Brexit and Covid-19 mean Britain could take bigger economic hit over next few years
US to sue Canada over dairy practices as hopes for better trade relations fade US trade representative announced plans to sue as Canadian officials face growing tensions with US
US and China hold first ‘candid’ trade talks under Biden tenure Both sides emphasised importance of bilateral trade relations and agreed to further negotiations
China replaces Germany as UK’s biggest import market Trade with EU falls 23% from 2018 as Brexit and Covid disrupt exports from Britain
Sunak under pressure to back Biden’s global corporation tax plan Labour expected to trigger Commons vote to force UK government to support proposal
‘It’s been a long time out in the cold’: Australian farmers on a UK trade deal Some breeders are eager to export more to Britain, but others have their hands full keeping up with domestic demand
Truss’s naivety on trade with Australia could leave the UK exposed If the trade secretary agrees to Canberra’s demands for no tariffs on agriculture, it sets a dangerous precedent for other, bigger deals
Put out to pasture? Britain’s farmers fear surge of imports from Australia A trade deal could expose UK agriculture to the economic power of the southern hemisphere’s giant livestock ranches
IMF pushes G20 states to back $50bn global mass vaccination drive Backing IMF’s $50bn three-point plan is in wealthy nations best interests by supercharging world economy, says Kristalina Georgieva
Labour says UK must ‘get off the fence’ over global Covid vaccine access Shadow trade secretary backs US call for patent waiver as party proposes plan to increase production in poorer countries