NEWS

130 countries and jurisdictions join bold new framework for international tax reform

Category: Accounting / Financial

130 countries and jurisdictions have joined a new two-pillar plan to reform international taxation rules and ensure that multinational enterprises pay a fair share of tax wherever they operate.

Source: OECD.org

Published: May 7, 2021

Norway Replaces Lithuania as Presidency of the Council of the Baltic Sea States

Category: Business News

The Norwegian Presidency is led by Minister of Foreign Affairs Ms. Ine Eriksen Søreide. Based on the three long-term CBSS priorities, the CBSS reform process concluded in 2020 and the new Vision for the Baltic Sea Region by 2030, the Norwegian Presidency 2021-22 will focus on three overall aims. All of these are relevant in […]

Source: Council of the Baltic Sea States

U.S. Steel, Norway’s Equinor Eye Clean Hydrogen Production

Category: Business News

OSLO, June 29 (Reuters) – Norway’s Equinor (EQNR.OL) and U.S. Steel Corp (X.N) will examine the potential for developing clean hydrogen production in Ohio, Pennsylvania and West Virginia, the two companies said on Tuesday. The companies have signed a memorandum of understanding to assess the technological and commercial possibilities for hydrogen and carbon capture and storage (CCS) and screen […]

Source: Reuters

Norway’s Statnett Sees Decarbonisation Drive Boosting Power Prices and Demand

Category: Business News

OSLO, June 30 (Reuters) – Norway’s power grid operator Statnett (STASF.UL) on Wednesday raised its long-term forecast for power demand and prices, partly to reflect increased electricity consumption needed for decarbonisation projects, such as batteries and hydrogen. Statnett’s updated forecast projected a European carbon price of 70 euros per tonne in 2030, up 35 euros […]

Source: Reuters

U.S. Chamber Calls for Reciprocity on US-EU Travel Opening

Category: Airline / Travel

WASHINGTON, D.C. – Marjorie Chorlins, U.S. Chamber Senior Vice President for European Affairs, issued the following statement urging the U.S. government to lift restrictions on European travelers to the United States. While Europe has moved forward with plans to ease restrictions following the recent U.S.-EU Leaders’ Summit, the United States has yet to offer reciprocal access. […]

Source: US Chamber of Commerce