A major breakthrough in global tax reform; Indian exports soared; US deficit soared; Sino-Finnish trade growth
A major breakthrough in global tax reform; Indian exports soared; US deficit soared; Sino-Finnish trade growth
130 countries and regions around the world agree to global tax reform
The OECD recently stated that 130 countries and regions have agreed to carry out global tax reforms and support the new regulations on taxation areas for multinational companies and 15% of the world’s lowest corporate tax rate. This new regulation will ensure that multinational companies pay taxes fairly no matter where they operate, and can bring about US$150 billion in additional taxes to the world every year.
India's exports in June increased by 47% year-on-year
Recently, India announced the latest trade data. In June this year, India’s exports reached US$32.46 billion, an increase of 47% year-on-year. In the second quarter of this year (April-June), India’s cumulative exports were 95.36 billion U.S. dollars, a direct increase of 85.36% from last year’s 51.44 billion U.S. dollars, and an increase of 17.85% from the first quarter.
Finland's trade with China grows steadily
According to statistics released by the Finnish Customs a few days ago, Finland's foreign trade has recovered strongly and trade with China has grown steadily. From January to April this year, Finnish goods exports totaled 20.3 billion euros, a year-on-year increase of 7.5%. Among them, exports to China increased by 21.6% year-on-year, and imports from China increased by 15.1% year-on-year.
400,000 people plunged into famine in Ethiopia
Recently, UN officials stated that the conflict in the Tigray region of Ethiopia has led to famine in the region, which has affected more than 400,000 people. As many as 33,000 children are severely malnourished, and another 1.8 million are on the brink of famine. The region is experiencing "the worst famine in decades"
