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Money

Boeing sues and cancels contracts with Air Force One supplier

Boeing Co said Thursday it had filed a suit against and canceled contracts with a Texas-based supplier for Air Force One, the aircraft that...

Biden believes U.S. companies could agree on 25% tax rate

Joe Biden has championed raising the U.S. corporate tax rate to 28% from 21% as the main way to fund his $2 trillion infrastructure...

Tesla lashes out at German red tape ahead of planned site opening

Tesla sharply criticized lengthy regulatory processes in Germany ahead of the planned opening of its first European gigafactory this summer. Tesla plans to have the...

UK credit card spending rises to highest since Christmas

British households' spending on credit and debit cards rose strongly to 88% of its pre-pandemic average in the week to April 1, its highest...

Top execs leave troubled refinery in U.S. Virgin Islands

The finance chief and two other top executives at Limetree Bay Ventures, operator of a long-stalled Caribbean oil refinery, are stepping down, according to...

What is a global minimum tax and how could it affect companies and countries?

Treasury Secretary Janet Yellen has thrown the weight of the U.S. government behind a push for a global corporate minimum tax rate, possibly carving...

U.S. trade deficit hits record high in February

The U.S. trade deficit surged to a record high in February as the nation's economic activity rebounded more quickly than that of its global...

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