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US Secretary of State Antony Blinken listens as Mathias Cormann, Secretary-General of the Organization for Economic Cooperation and Development, speaks during a press briefing at the OECD's Ministerial Council Meeting, in Paris, France October 6, 2021. Photo :Reuters

Global Economy

Nations agree to 15% minimum corporate tax rate

The 15% floor agreed to is, however, well below a corporate tax rate which averages around 23.5% in industrialised countries

A liquified natural gas (LNG) tanker leaves the dock after discharge at PetroChina's receiving terminal in Dalian, Liaoning province, China July 16, 2018. Photo: Reuters

Global Economy

Explainer: What's behind the wild surges in global LNG prices and the risks ahead

Posters offering special discount on Black Friday sales are seen in front of a United Colors of Benetton kid's fashion store, as the spread of the coronavirus disease (Covid-19) continues, in Zurich, Switzerland November 27, 2020. Photo: Reuters

Global Economy

How global supply chains are falling out of fashion

Coronavirus chronicle

Global Covid cases top 232 million

Coronavirus chronicle

Global Covid cases top 230 million

An employee works at a packaging line for chicken vaccine at Ringpu Biotech in Tianjin, China, September 8, 2021. Photo: Reuters

China

China's high-tech push seeks to reassert global factory dominance

Coronavirus chronicle

Global Covid cases top 226 million

A man who had previously been inoculated against the coronavirus disease (Covid-19) with Sinovac's Coronavac vaccine, gets a third dose of a Pfizer-BioNTech vaccine, in the Hospital de Clinicas, in Montevideo, Uruguay August 16, 2021. Photo : Reuters

Coronavirus chronicle

Global Covid cases top 212 million

A daily wage labourer stands in a queue for free food at a construction site where activity has been halted due to 21-day nationwide lockdown to slow the spreading of the coronavirus disease (Covid-19), in New Delhi, India, April 10, 2020. Photo :Reuters

Global Economy

Pandemic threatens Asia-Pacific's progress on global development goals, says ADB

Coronavirus chronicle

Global Covid cases top 211 million

A medical worker takes swab sample from a resident during a round of mass Covid-19 test in Wuhan in central China's Hubei province on Aug. 5, 2021. More than 30 Chinese officials have been fired or received other punishments over accusations they failed to respond properly to the latest surge of the coronavirus in the country. Photo :UNB/AP

Coronavirus chronicle

Global Covid cases top 209 million

A medical worker takes swab sample from a resident during a round of mass Covid-19 test in Wuhan in central China's Hubei province on Aug. 5, 2021. More than 30 Chinese officials have been fired or received other punishments over accusations they failed to respond properly to the latest surge of the coronavirus in the country. Photo :UNB/AP

Coronavirus chronicle

Global Covid cases top 206 million

Coronavirus chronicle

Global Covid cases top 203 million