European Tech Tax Push by France Resisted as Global Deal Sought

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European Tech Tax Push by France Resisted as Global Deal Sought

Europe's plan to tax large digital companies hit resistance at a meeting of the bloc's finance ministers as delegates tussled between a French-backed push for a quick regional agreement and calls for a global solution. Ministers gathered in Sofia, Bulgaria, to discuss a European Union proposal aimed at
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Fortum Wins Russian Approval to Buy $4.5 Billion Stake in Uniper

A powerful Russian commission on Saturday approved Finnish utility Fortum Oyj's $4.5 billion bid for a minority stake in German rival Uniper SE, a key step to completing the merger, the company said. Action by the Russian commission of foreign investments in strategic assets would allow the purchase
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Russian Oil Giant Hoards $44 Billion Cash in Sanctions' Shadow

Surgutneftegas OJSC, Russia's fourth-largest oil producer, is consolidating its position as the country's richest company by amassing $44 billion in cash and bank deposits even as risks of further U.S. sanctions mount. The Siberian driller increased its cash pile 6 percent in dollar terms last year,
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PetroChina Rides Oil's Rally as Gas Import Losses Held in Check

PetroChina Co.'s profit rose 78 percent in the first quarter as the country's largest oil and gas producer benefited from a rally in crude prices while holding in check its losses from reselling imported gas. Net income rose to 10.15 billion yuan ($1.6 billion) in the January-March period, from 5.7 billion yuan
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Armenia Protests May Not End Anytime Soon

Armenia's president is trying to defuse a deepening political crisis, but @tonyhalpin explains why protests may not end soon #tictocnews https://bloom.bg/2FlI7UV (Source: Bloomberg). Terms of Service Trademarks Privacy Policy ©2018 Bloomberg L.P. All Rights Reserved. Careers Made in NYC
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