12 July

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UK needs tougher policies, more public awareness to hit zero emissions, report says By Reuters

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By Nina Chestney LONDON (Reuters) - Britain must introduce tougher policies to make residential heating more efficient and consumers need to cut energy usage to meet the nation's target of net zero emissions by mid century, the National Grid (LON:NG) said in a report released on Monday. The National Grid Electricity System Operator (ESO), which distributes power around the country, modelled different scenarios in its report, with three showing how Britain could meet its goal in 2050 or sooner and fourth that misses it. A cross-party group of lawmakers also said last week the...

12 July

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TA Associates makes $2.8 billion takeover approach for Smiths Group unit – Mail on Sunday By Reuters

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(Reuters) - U.S. private equity firm TA Associates has made a 2 billion pounds ($2.78 billion) takeover approach for the medical division of Smiths Group (LON:SMIN) Plc, which makes ventilators for hospitals, the Mail on Sunday reported https:// A successful sale would see Smiths Group, which is valued at 6.5 billion pounds and has 23,100 staff, effectively broken up, the report added, citing sources. Smiths Group has been holding talks with Boston-based TA Associates and bankers from Goldman Sachs (NYSE:GS) are said to be working on the deal, according to the report, which...

11 July

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European Commission likely to delay putting forward digital levy plan: FT By Reuters

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(Reuters) - The European Commission is likely to delay putting forward its plans for a digital levy until the autumn to try to improve the chances of a global corporate tax reform deal, the Financial Times reported on Sunday. The European Commission had come under pressure from U.S. Treasury Secretary Janet Yellen to shelve its digital tax proposal, the newspaper said, citing people familiar with the discussions. The levy, to fund Europe's recovery from the COVID-19 pandemic, would apply to hundreds of companies in the digital economy, the majority of them European, its executive vice-president Margrethe...

11 July

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ECB More Cautious Than Fed on Inflation Overshoot in New Target By Bloomberg

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(Bloomberg) -- The European Central Bank took a step in the Federal Reserve’s direction with its new inflation target of 2%, while stopping short of a similar commitment to let the economy run hot after a recovery. In announcing the results of its own long-running strategy review on Thursday, officials in Frankfurt said their new simpler approach “may also imply a transitory period in which inflation is moderately above target.” That contrasts with an explicit commitment from their U.S. counterparts to aim for a rate above its target after a period of weakness. “Are we doing...

11 July

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China Cuts Reserve Ratio for Banks to Support Small Businesses By Bloomberg

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(Bloomberg) -- China’s central bank cut the amount of cash most banks must hold in reserve in order to boost lending in the economy as growth starts to wane. The People’s Bank of China will reduce the reserve requirement ratio by 0.5 percentage point for most banks, according to a statement published Friday. That will unleash about 1 trillion yuan ($154 billion) of long-term liquidity into the economy, the central bank said. The cut will be effective on July 15, according to the statement. The last time the bank cut the main ratios was during the...

11 July

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Net Neutrality, Pfizer Booster, China Eases – What’s Moving Markets By Investing.com

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By Geoffrey Smith Investing.com -- President Joe Biden will push the Federal Communications Commission to reinstate Obama-era rules on 'Net Neutrality', according to an Axios report. Pfizer (NYSE:PFE) and BioNTech will seek approval for a Covid-19 booster shot that can help stop the spread of more recent virus variants - something that San Francisco Fed President Mary Daly sees as a major risk to global and U.S. growth. Biden's also adding more Chinese companies to a U.S. blacklist over alleged ties to Xinjiang. China's central bank meanwhile is loosening monetary policy as its economy...

11 July

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Biden Plans Order To Restore Net Neutrality Rules – Axios By Investing.com

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Dhirendra Tripathi Investing.com – U.S. President Joe Biden plans to restore rules guaranteeing "Net Neutrality", the website Axios reported on Friday. Axios said the President plans to issue an executive order on Friday asking the Federal Communications Commission to make it easier to compare services and tariff plans of internet services providers in a pro-consumer step. The White House wants internet service providers to offer a "broadband nutrition label" detailing their internet packages to give consumers more transparency when they are buying a service, as per the Axios report. Net neutrality rules were eased under former...

11 July

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G20 to call for global tax deal to be finalized by October By Reuters

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VENICE (Reuters) - G20 finance ministers are to push for unresolved issues in a proposed global corporate tax overhaul to be ironed out by October and they urged holdouts to join the deal, according to the latest version of their statement from a meeting in Venice. The statement, which two sources said was expected to be released without changes, said the ministers also endorsed a recent deal among 131 countries on taxation of multinationals' profits and setting a global minimum corporate tax rate of at least 15%. ...

11 July

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UK’s trade minister to meet U.S. counterpart on free trade threats By Reuters

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LONDON (Reuters) -Britain's international trade minister Liz Truss will discuss how to tackle threats to free and fair trade with U.S. Trade Representative Katherine Tai during a five-day visit to the United States from Sunday. "I’m visiting the U.S. to build on the progress we’ve already made on tackling market-distorting practices that threaten the future progress and prosperity we can make around the world through free and fair trade," said Truss. She will also travel to the West Coast to meet businesses in a bid to promote Britain as a destination for tech investment. ...

11 July

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Twitter appoints grievance officer in India to comply with new rules By Reuters

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MUMBAI (Reuters) - Twitter Inc (NYSE:TWTR)'s India unit appointed a resident grievance officer, days after designating a chief compliance officer, to meet new IT rules in the country, amid tensions with the government. The website https://help.twitter.com/en/rules-and-policies/report-twitter-abuse-india of the U.S. social media firm on Sunday showed Vinay Prakash as the new grievance officer along with his contact details and procedures for users to report potential violations of its rules and terms. On Thursday, Twitter had told an Indian court it would appoint an interim grievance officer to comply with the new rules. It had...

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News

UK needs tougher policies, more public awareness to hit zero emissions, report says By Reuters

TA Associates makes $2.8 billion takeover approach for Smiths Group unit – Mail on Sunday By Reuters

European Commission likely to delay putting forward digital levy plan: FT By Reuters

ECB More Cautious Than Fed on Inflation Overshoot in New Target By Bloomberg

China Cuts Reserve Ratio for Banks to Support Small Businesses By Bloomberg

Net Neutrality, Pfizer Booster, China Eases – What’s Moving Markets By Investing.com

Biden Plans Order To Restore Net Neutrality Rules – Axios By Investing.com

G20 to call for global tax deal to be finalized by October By Reuters

UK’s trade minister to meet U.S. counterpart on free trade threats By Reuters

Twitter appoints grievance officer in India to comply with new rules By Reuters

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