Economy
In Rio, G20 finance ministers to mull taxing the super-rich
Faced with growing global inequality, G20 finance ministers meeting Thursday in Rio de Janeiro will tackle the thorny issue of taxes for the super-rich, a topic that has divided member states. The organization was originally focused on global economic issues but has increasingly taken on other pressing challenges -- even though member states do not always agree on what should be on the agenda.
AccessBank speaks on distributing N740bn to 18 million digital loan borrowers on digital bank
Since its debut in 2017, Access Bank, a financial institution in Nigeria, has disbursed N740 billion to 18 million borrowers of digital loans through its PayDay app.
Sweden seeks to be winemaking's next frontier
Far north of iconic wine regions like Bordeaux and Tuscany, Sweden is seeing a burgeoning industry of vineyards and a first generation of winemakers trying to carve out a niche. Sofrakis runs a small vineyard in the far south of Sweden but is a champion of Swedish winemaking.
Climate activists halt traffic at Frankfurt airport
Police on Thursday arrested climate activists who glued themselves to the tarmac at Frankfurt airport, Germany's busiest, compelling it to temporarily suspend arrivals and departures. Seven of the activists had managed to reach the runway where they glued themselves onto the tarmac, a police spokesman said.
Refining and gas give TotalEnergies Q2 blues
French oil heavyweight TotalEnergies on Thursday reported slumping profits in the second quarter, blaming lower margins in refining and falling sales and prices for natural gas. There was a still steeper tumble of more than a third for its refining and chemicals operation, with TotalEnergies blaming "lower refining margins mainly in Europe... and the Middle East".
Nissan shares plunge after profit warning
Nissan tumbled more than 10 percent on Thursday after the Japanese automaker issued a profit warning, citing "intense sales competition", especially in the United States. Although global sales remained even, "profit was impacted by increased sales incentives and marketing expenses to meet intense sales competition and optimise inventory," particularly in the United States, Nissan said.
Comic-Con fans assemble as Marvel eyes major reboot
Comic-Con returns in full force to San Diego this week, where a hugely anticipated Marvel superhero film event is among the draws for tens of thousands of hyped-up fans dressed as fantasy heroes and sci-fi villains.
New Japan film camera aimed at 'nostalgic' young fans
Keita Suzuki leads a group of young analogue photography fans around a coastal city in Japan, stopping to snap pastel hydrangea blooms with bulky vintage film cameras. Japan's biggest camera brands stopped making analogue film models in the 2000s as digital ones became dominant.
World's richest 1% gained $40 tn in a decade: Oxfam
The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda. Oxfam said that the $42 trillion figure was nearly 36 times more than the wealth accumulated by the poorer half of the world's population.
Economy
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