Economy

Taxing the richest: what the G20 decided
Taxing the richest: what the G20 decided

Anti-poverty campaigners have hailed a decision by G20 leaders meeting in Rio to make sure the world's billionaires "are effectively taxed." On Monday, G20 leaders corroborated that decision in a statement with the same wording.

IMF, Ukraine, reach agreement on $1.1 bn loan disbursement
IMF, Ukraine, reach agreement on $1.1 bn loan disbursement

The IMF said Tuesday that it has reached agreement with Ukraine on a loan program review that paves the way for an additional $1.1 billion in much-needed funds. The swift agreement, which comes just over two months after the last one, will provide Ukraine with a large injection of funds amid Russia's ongoing assault on the country, which entered its 1000th day on Tuesday.

China's Xi urges 'strategic' ties in talks with Germany's Scholz
China's Xi urges 'strategic' ties in talks with Germany's Scholz

Chinese leader Xi Jinping called for Beijing and Berlin to develop ties with a "strategic" and "long-term" perspective Tuesday as he met with German Chancellor Olaf Scholz in Rio de Janeiro, state media said. "The two countries need to view and develop bilateral relations from a long-term and strategic perspective," Xi said.

Walmart lifts full-year forecast after strong Q3
Walmart lifts full-year forecast after strong Q3

Walmart reported a jump in third-quarter profits Tuesday behind solid US sales and gains in its e-commerce business as the retail behemoth lifted its full-year financial forecast. The company increased its full-year profit forecast to a range of $2.42 to $2.47 per share, lifting its midpoint of the prior range by five and a half cents.