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France could face US trade sanctions from January in digital tax row

2020-07-14 08:11:00| Telecompaper Headlines

(Telecompaper) The office of the USTR (US Trade Representative) issued a notice of action announcing sanctions in the form of additional duties on a number of French products, due to come into effect on 06 January 2021 in retaliation to France's digital service tax. The application of the sanctions is not immediate in order to allow additional time for further negotiations that could lead to a resolution of the dispute. The decision by the USTR follows the conclusions of an investigation that found the tax discriminatory against US companies.

Tags: france january digital face

Exxon Mobil Signals Second Quarterly Loss in a Row

2020-07-02 22:25:00| OGI

Exxon Mobil last quarter cut oil production by up to 400,000 bbl/d and capex by 30%, much of it in its shale business.

Tags: loss mobil row quarterly

George Floyd: Adidas human resources boss quits amid racism row

2020-07-01 06:14:00| BBC News | Business | UK Edition

The announcement comes as pressure grows on global corporations to address racial inequality.

Tags: resources human george human resources

US Rig Count Falls to Record Low for Seventh Week in Row

2020-06-19 19:15:00| OGI

U.S. oil rigs fell 10 to 189 this week, their lowest since June 2009, while gas rigs dropped by three to 75, their lowest on record according to data from Baker Hughes going back to 1987.

Tags: low week record count