Group of Seven countries are at odds over how to tax the world’s richest individuals as finance officials prepare to gather for a meeting in Stresa, Italy. from Bloomberg Markets https://ift.tt/lAN0nBW
Goswami Infratech Pvt., issuer of India’s biggest ever high-yield rupee corporate bond, has won a temporary reprieve from creditors on a payment that was due on the note this month, according to people familiar with the matter. from Bloomberg Markets https://ift.tt/xMZ9AHz
New York City’s tax revenue generated by tourists has surpassed pre-pandemic levels as a jump in US visitors helped offset a drop in international and business travel. from Bloomberg Markets https://ift.tt/60D9JUI
The UK economy’s recovery lost some momentum in May as activity and price pressures in the services sector started to fade.S&P Global said its composite purchasing managers index slipped to 52.8 in May, down from a 12-month-high of 54.1 in April. The reading was below economists’ expectations of 54 with any score above 50 signaling…
French President Emmanuel Macron received another warning about the country’s high debt burden as the International Monetary Fund said more efforts are needed to get budget deficits under control. from Bloomberg Markets https://ift.tt/NF6eGj1
Zimbabwe’s state-owned miner Kuvimba Resources Ltd. said its lithium assets are attracting potential investors from both China and other countries. from Bloomberg Markets https://ift.tt/bRYiFV5
Euro-area private-sector business activity reached its highest level in a year – suggesting the region’s economic rebound is taking hold. from Bloomberg Markets https://ift.tt/08qi3kB
The German economy is failing to break out of stagnation as the current business climate is poor, with the manufacturing sector particularly weak, according to a survey of 24,000 companies by industry lobby DIHK. from Bloomberg Markets https://ift.tt/Qe8v5Sg
Sweden needs to reduce its households’ and property companies’ sensitivity to higher interest rates and other changes as the nation narrowly escaped a more adverse scenario during a bout of inflation that is now subsiding, Riksbank Deputy Governor Aino Bunge said. from Bloomberg Markets https://ift.tt/FCsSHEU
Horizons Middle East & Africa is your daily spotlight on one of the world’s fastest-growing regions. Live from Dubai, we bring you the latest global markets and analysis, plus news-making interviews, with a special focus on MEA. All that and more, as you head to the office in the Gulf, pause for lunch in Hong…