Corporate

Germany comes in at number two at $762 billion. It also has three of the world’s most indebted firms including the most indebted, Volkswagen, which with $192 billion of debt is not far behind countries like South Africa or Hungary, though it is inflated by its car finance arm. … [Read more...] about Coronavirus bringing record $1 trillion of new global corporate debt in 2020: report

In an interview with Fox News, Navarro argued that "what the American people have to understand is all of the data that goes into those mobile apps that kids have so much fun with... goes right to servers in China, right to the Chinese military, the Chinese Communist Party." … [Read more...] about Top US aide expects tough action on TikTok, WeChat

NMC’s implosion this year amid allegations of fraud and the disclosure of more than $4 billion in hidden debts has left some UAE banks and overseas lenders nursing heavy losses and prompted legal battles to try and recover money owed. … [Read more...] about NMC’s UAE entity weighing Abu Dhabi option for restructuring: sources

Donohoe must reconcile warring factions about whether access to a 750 billion euro recovery fund should come with strings attached. There will be disputes over when to reimpose European Union budget rules, which have been temporarily suspended, and whether the rulebook needs revision. Donohoe will have to play honest broker on a potential EU tax on digital companies, which he opposed in the past. And he needs to raise the profile of the Eurogroup, which has sunk in recent years. All while steering the Irish economy. (By Swaha Pattanaik) … [Read more...] about Breakingviews – Corona Capital: Mets star bidders, Robot slayers

NEW DELHI: The sale and purchase of properties in south Delhi is likely to get more expensive as South Delhi Municipal Corporation has approved a proposal to increase the rate of duty on transfer of property from this financial year.The proposal was approved in a standing committee meeting on Friday and will be placed before the house for final approval soon. Transfer duty is levied by municipalities on transfer of immovable properties within its limit. It is calculated on the registered sale value of property in addition to stamp duty.At present, the transfer duty is 3% of the property is transferred in the name of men and 2% for women. Now, the civic agency has approved a rate of 3% for women and 4% for men. That means for a property costing Rs 1 crore, there will be a difference of Rs 1 lakh in the duty amount.Earlier, SDMC charged a uniform rate of 5%, but in 2011-12 the rates were reduced on the directions of the then Delhi government. “Now the financial aid from the … [Read more...] about South Delhi civic body to increase rate of duty on transfer of property