
G-7 backs 15% minimum global tax rate
Finance ministers from the Group of Seven agreed to set a global minimum corporate tax of at least 15% to deter multinationals from using tax havens.
The G-20 is the premier international forum for economic cooperation, bringing together the world's major economies to address global financial and economic challenges. Its members represent over 80% of global GDP and two-thirds of the world's population, making it a critical body for policy coordination on issues from trade to climate change and sustainable development.
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Finance ministers from the Group of Seven agreed to set a global minimum corporate tax of at least 15% to deter multinationals from using tax havens.
Tedros Adhanom Ghebreyesus closed out the World Health Assembly with a warning against complacency and an appeal for a global pandemic treaty.
Twenty five nations joined with the European Council and World Health Organization in making an "urgent call" for creation of an international pandemic treaty.
The world's promised cuts in greenhouse gases come nowhere close to fulfilling the 2015 Paris Agreement, according to a new U.N. analysis.
The U.N. took up a proposal calling for cease-fires in conflict zones to allow deliveries of coronavirus vaccines.
Unmet promises to cut carbon emissions put the planet on track for temperatures to rise "in excess of 3 degrees Celsius this century," UNEP reported.
G-20 leaders ended a summit promising to make COVID-19 vaccines affordable and equally accessible for all and to support the U.N. health agency.
After warning of 'a full-scale humanitarian crisis' in Ethiopia, officials said 32,000 people fled and 200,000 more may follow.
The G-20 major economies agreed to a framework for more debt relief among poor nations, responding to appeals from humanitarian and economic leaders.
The final phase of a race to become WTO's next director-general began with two well-qualified women from Nigeria and South Korea vying for the top post.
Experts cautioned a move by the world's richest countries to give the poorest ones more time to pay off debts will not do enough to alleviate massive suffering.
Four anti-poverty international organizations called on G-20 finance ministers to cancel debts in poor nations so they can deal with the COVID-19 pandemic.
The U.N.'s annual climate summit planned for November in Glasgow, Scotland, will be postponed for a year, due to the coronavirus pandemic.
The head of the U.N. team that investigated Jamal Khashoggi’s death dismissed pardons that could allow Saudi authorities to release his killers.
Some good can come out from the pandemic if world leaders use it to "rebuild our world for the better" by investing in clean energy, the U.N. chief said.
The coronavirus pandemic that has caused 47,000 deaths worldwide represents what officials call humanity's worst crisis since World War II.