Labour plans tax on global firms' profits based on UK presence
LONDON, Nov 15 (Reuters) – A British government led by the Labour Party would tax multinational companies’ global profits based on their presence in Britain, the party’s finance spokesman said on Friday.
“So if a multinational has 10% of its sales, workforce, and operations in the UK, they’re asked to pay tax on 10% of their global profits,” John McDonnell said in a speech on Friday ahead of the Dec. 12 national election. (Reporting by Costas Pitas, writing by Andy Bruce, Editing by Alistair Smout)
Bolsonaro says Brazil's trade policy is realistic and pragmatic
RIO DE JANEIRO (Reuters) – Brazil’s President Jair Bolsonaro said on Thursday that his government has adopted a more realistic and pragmatic policy on international trade.
Speaking to the BRICS summit of five leading emerging economy nations, Bolsonaro said the group had advanced toward a common customs agreement. He said his government’s foreign policy has its eyes on the rest of the world, but firstly on Brazil.
Paris police fire tear gas on 'yellow vest' protests anniversary
Paris police fired tear gas in northwestern Paris on Saturday to drive back protesters on the first year anniversary weekend of anti-government "yellow vest" demonstrations.
Clashes broke out between demonstrators and police near the Porte de Champerret as protesters were preparing to march across town toward Gare d'Austerlitz in southern Paris while police also intervened to prevent a few hundred demonstrators from occupying the Paris ring road, according to Reuters TV footage.
Paris police said 24 people had been arrested by 0950 GMT.
The so-called Yellow Vest protests erupted in mid-November 2018 originally over fuel price hikes and the high cost of living but spiraled into a broader movement against President Emmanuel Macron and his drive for economic reforms.
Protests have lost strength in recent months, going from tens of thousands of participants to just a few thousand, but its leaders have called to re-mobilize this Saturday, to celebrate the first anniversary.
At its peak in late 20018, the movement grew to up to 300,000 people.
Anti-hate coalition looks to curb rise of hate crimes in Ottawa
The city of Ottawa and several partners, including the United Way and Ottawa Police, announced Friday that they have created a coalition to combat hate-based crime in the city.
The coalition, dubbed “United For All”, consists of over 30 organizations, and the group says they will coordinate local efforts in order to overcome hate and violence in the city.
Boliva's interim government to ask Venezuelan diplomats to leave the country
LA PAZ (Reuters) – Bolivia’s interim government will ask all Venezuelan diplomats to leave the country for allegedly interfering in the country’s internal affairs, the foreign minister said on Friday.
Karen Longaric added in a news conference that the government would also “go a bit further” regarding Venezuela later in the day, but declined to provide details.
Former deputy head of China's drug regulator sentenced to 16 years in prison
BEIJING (Reuters) – Wu Zhen, a former deputy head of China’s food and drug regulator, was sentenced to 16 years in prison by a Chinese court, state television reported on Friday.
Wu is one of the senior officials from the regulator who has been under investigation after a safety scandal at vaccine maker Changsheng Biotechnology Co Ltd.
The company was accused last year of falsifying data for a rabies vaccine and manufacturing an ineffective vaccine for babies, sparking widespread consumer anger.
Armenia v Ireland, Euro Under-21 qualifier: Stephen Kenny's young guns looking to get back to winning ways
'I hear it's a joke': Trump dismisses impeachment hearing
US President Trump says he ignored televised proceedings of impeachment inquiry against him, calls it ‘witch-hunt’.
US President Donald Trump has once again claimed that the impeachment inquiry against him over his dealings with Ukraine was a witch-hunt.
He said he did not watch the proceedings.
Nonetheless, he continued to release a steady stream of tweets about the case throughout the day.
Al Jazeera’s Kimberly Halkett reports from the White House in Washington, DC.
Defence lawyer rests case in Brockville manslaughter trial
The eighth day of the Brockville teen manslaughter trial was unlike the previous sessions, as the court adjourned moments after it began.
Blackpool rock, bus snacks and the battle for notifications
Boris Johnson has a new bus, but find out why it’s the Labour PR team which is patting itself on the back today.
:: Listen to Campaign Unwrapped on Apple Podcasts, Spotify, Google Podcasts, Spreaker
On the campaign trail, the team compare notes on hotels, photo opportunities, push notifications and rival podcasts.
What is behind the boom in e-commerce in China's rural areas?
How thousands of Chinese villages have benefitted from the boom in online shopping.
People in China do more of their shopping online than any other country in the world.
In many remote areas, people have embraced technology, becoming online entrepreneurs, turning once-sleepy villages into e-commerce hubs.
Al Jazeera’s Florence Looi reports from Beishan Village, in Zhejiang province, eastern China.
Anil Ambani, four others quit as directors of RCom
Company’s loss ballooned to ₹30,142 crore after provisioning for statutory licence fee and spectrum usage dues.
Reliance Group chairman Anil Ambani on Friday resigned as the director of the bankrupt Reliance Communications (RCom). This follows the company’s reported consolidated loss of ₹30,142 crore, the second highest in corporate India after Vodafone Idea.
Chhaya Virani, Ryna Karani, Manjari Kacker and Suresh Rangachar have also resigned from the post of director, the company said in a filing to the Bombay Stock Exchange on Saturday.
Company’s loss ballooned to ₹30,142 crore after provisioning for statutory licence fee and spectrum usage dues, versus a profit of ₹1,141 crore the year before.
“The resignation of Manikantan V and appointment of D. Vishwanath as Executive Director and Chief Financial Officer has been put up to the Committee of Creditors [COC] for their approval. Upon approval, further disclosures will be made to stock exchanges. Since the company is under CIRP [Corporate Insolvency Resolution Process], the above resignations are being put before the COC members for their consideration,” said the statement.
RCom had filed for insolvency under the Insolvency and Bankruptcy Code (IBC) and has ₹47,000 crore as dues to the financial creditors.
RCom shares on the BSE closed down 3.28% at 0.59 paisa on Friday, valuing the company at ₹163.17 crore.