A 15 percent minimum tax rate would generate $150 billion in additional tax revenue each year, the Organization for Economic Cooperation and Development said.
After meeting with President Emmanuel Macron of France, who says Europe should be less dependent on U.S. leadership, Secretary of State Antony Blinken told The Times they see eye to eye on key issues.
The prime minister’s plan to introduce his vision of a nimble, trade-savvy U.K. was upended by a spat over Northern Ireland.
In her debut international trip as first lady, Dr. Biden played her part with style. Literally.
President Biden pushed climate action after four years in which Donald Trump rejected cooperation with allies. But leaders failed to set an expiration date for burning coal.
Biden and other Western leaders had tough words for Russia and China after wrapping up a meeting in England, but they had trouble finding common ground on some big issues.
The president is in Cornwall, England to meet with other leaders of wealthy democracies.
The German chancellor, known for her commitment to compromise, is eager to revive deal-making on multilateral policy, joining the world’s top democratic leaders one last time. Can she be replaced?
Summit meetings are always full of prepackaged “deliverables,’’ but stage management always works better when there’s an actual stage.
It’s challenging it is to be an activist this year, what with the pandemic, a hermetically sealed summit and a new American president who is hard to get too worked up over.
Britain’s prime minister is slapdash, venal, incompetent — and unassailably popular.
“When we see people hurting and suffering anywhere around the world, we seek to help any way we can,” Mr. Biden said in a speech in England, ahead of the meeting of the Group of 7 wealthy democracies.
The original was the work of Churchill and Roosevelt at the dawn of World War II. The new version pledges cooperation against 21st century global challenges and rivalries.
As Prime Minister Boris Johnson prepares to host the Group of 7 meeting, he faces a battle over efforts to cut foreign aid by a third to help make up for the costs of fighting the coronavirus.
The Biden administration is trying to ease trade tension with allies, in part to help counter China.
The good will President Biden brings on his first trip abroad papers over lingering doubts about U.S. reliability and the cost that Europe will be expected to pay.
The Group of 7 nations reached an agreement over a global minimum tax that companies would pay regardless of where they are based.
The overhaul under discussion includes a minimum tax that companies would pay regardless of where their headquarters were.
The Biden administration wants other countries to back a minimum tax as part of its plan to raise the U.S. corporate tax rate to 28 percent from 21 percent.
A growing global competition with China and Russia looms over a gathering of foreign ministers in London.
The secretary of state will first meet with British officials and other American allies in London.
Canada is the only G7 nation whose greenhouse gas emissions have increased since the Paris agreement. The main reason: its oil sands.
America’s deeply polarized politics have marked foreign policy, too, undermining Washington’s authority and reputation for reliability.
E.U. leaders are still learning to navigate a world ever more dangerous for them, while relations with the United States grow more and more awkward.
It’s exceedingly difficult to believe that no one told the president about the intelligence on Russian efforts to harm Americans in Afghanistan.
The plan is a further blow to America’s weakening European alliances and likely to be welcomed by President Vladimir V. Putin of Russia.
After years of snubs and American unilateralism, European allies have stopped looking to the president for leadership, and are turning their backs on him.
The British and Canadian governments oppose admitting Russia into the bloc, as President Trump continues a renewed courtship of Russia’s leader.