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Nord Stream 2 (NS2) is a natural gas pipeline that, if completed, would run from the Port of Ust-Luga in northwestern Russia, to the town of Greifswald in northern Germany. Completing NS2 is neither economically necessary nor geopolitically prudent. It would increase European dependence on Russian gas, magnify Russia’s ability to use its European energy dominance as a political trump card, calcify the divisions in Europe over energy that NS2 has opened, and specifically undermine U.S. allies in Eastern and Central Europe.
While most of Europe opposes the pipeline, three influential European governments (Austria, Germany, and the Netherlands) continue to support its completion, despite an exhaustive and growing list of Russian outrages (many perpetrated on European soil). This is indicative of just how much influence gas deliveries have already given Russian leader Vladimir Putin on the continent.
G7 meeting in France (Representative Image) (Pic Via Twitter)
In a major event, the United Kingdom (UK), United States (US), and the other nations in the Group of Seven (G7) cohort have reached a significant deal regarding taxation of multinational giants like Amazon, Google et cetera,
Economic Times.
The move by the G7 countries to back a minimum global corporate tax rate of at least 15 per cent comes as a bid to reduce the incentive for the multinational majors to shift profits to low-tax offshore havens. The deal would lead to hundreds of billions of dollars flowing into the hands of the government.
The world’s biggest central banks risk creating a ‘dog’s breakfast’ of global climate disclosure rules unless Canberra engages more aggressively with the rest of the world, say investors.
German Finance Minister Olaf Scholz on Saturday hailed a G7 commitment for a minimum global corporate tax of 15 percent as very good news for justice and fiscal solidarity