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India

Leigh Thomas

France plans $23 billion state-backed scheme to avert company failures

16 Oct 2020

PARIS France plans to raise 20 billion euros ($23 billion) in quasi-equity loans for small firms hit by the coronavirus crisis by offering investors a state guarantee against the first 2 billion euros in losses, officials said.

A collapse of global tax talks could cost $100 billion, OECD says

12 Oct 2020

PARIS The global economy could shed more than 1% of output if international talks to rewrite cross-border tax rules break down and trigger a trade war, the OECD said on Monday, after countries agreed to keep up negotiating to mid-2021.

Wanted: global digital tax push after pandemic, U.S. vote stall talks

07 Oct 2020

PARIS Negotiators from nearly 140 countries will ask Washington and its G20 partners this week to reaffirm political support for global rules to tax digital giants after the coronavirus and looming U.S. elections stalled the process, officials said.

French 2021 budget to release first 42 billion euros of recovery plan

28 Sep 2020

PARIS The French government on Monday presented a 2021 budget plotting a path out of its worst post-war recession, with 42 billion euros pumped into the economy in the first year of its 100 billion euro two-year recovery plan.

G7 ministers back extension of debt freeze for poorest nations, urge reforms

25 Sep 2020

WASHINGTON/TOKYO/PARIS G7 finance ministers on Friday backed an extension of a G20 temporary freeze in debt payments and recognized the need for broad debt relief in the future, while taking aim at G20 member China over a lack of transparency in its lending.

UPDATE 1-G7 backs extension of G20 debt freeze, calls for reforms to address 'shortcomings'

25 Sep 2020

WASHINGTON/PARIS, Sept 25 G7 finance ministers on Friday backed an extension of a G20 bilateral debt relief initiative for the world's poorest countries, but said it must be revised to address shortcomings hindering its implementation.

Business morale brightens in Germany, France despite coronavirus resurgence

24 Sep 2020

BERLIN/PARIS Business morale in Germany and France improved for the fifth month in a row in September, boosting hopes that the euro zone's two biggest economies had enjoyed a solid recovery from the coronavirus shock suffered in the first half of the year.

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