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UK lobbying scandal snares ex-PM Cameron; govt starts probe


UK lobbying scandal snares ex-PM Cameron; govt starts probe
DANICA KIRKA, Associated Press
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FILE - In this Monday, June 27, 2016 file photo, the then Britain s Prime Minister David Cameron leaves 10 Downing Street in London, to address Parliament on Britain s European Union referendum choice to leave. Former British Prime Minister David Cameron has broken his silence on allegations that he improperly lobbied government officials on behalf of a financial services firm, saying there are “important lessons to be learnt” from the scandal. The comments, released late Sunday April 11, 2021 in an 1,800-word written statement, are Cameron’s first since Greensill Capital collapsed more than a month ago, threatening thousands of jobs at a British steelmaker it had financed.Matt Dunham/AP ....

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Gold slips as firmer U.S. yields dull appeal


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(Reuters) - Gold fell on Monday as an uptick in U.S. Treasury yields dimmed bullion s appeal, while investors awaited key U.S. inflation and retail sales data for cues on economic health.
Spot gold was 0.5% down at $1,734.31 an ounce by 11:23 a.m. EDT (1523 GMT). U.S. gold futures eased 0.6% to $1,734.60.
The bond yields have stabilized right now, but they (elevated yields) are still an underlying negative for the metals markets that produce no dividend or yield, said Kitco Metals senior analyst Jim Wyckoff. The bulls lost a little bit of momentum and that is prompting shorter term technical traders to press the sell side, putting prices under pressure. ....

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Janet Yellen calls for global minimum corporate tax


Janet Yellen calls for global minimum corporate tax
5 Apr, 2021 09:00 PM
5 minutes to read
US Treasury secretary Janet Yellen. Photo / AP
Financial Times
By: James Politi
Janet Yellen, the US Treasury secretary, has called on other countries to join Washington in setting a global minimum tax for companies as she vowed to reassert America s leadership in international economic policy.
Together we
can use a global minimum tax to make sure the global economy thrives based on a more level playing field in the taxation of multinational corporations, and spurs innovation, growth and prosperity, Yellen said in a speech to the Chicago Council on Global Affairs on Monday. ....

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