US computer giant Microsoft, along with other large groups, will invest more than $ 2 billion in General Motors (GM) autonomous vehicle subsidiary, called Cruise, valued at more than $ 30 billion for the operation. “Microsoft and GM launch a” long-term strategic partnership “aimed at” accelerating the commercialization of autonomous vehicles “, thanks to collaborations… Seguir leyendo Microsoft to invest in autonomous car subsidiary of General Motors
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IRS Free File available today; claim Recovery Rebate Credit and other tax credits
WASHINGTON — IRS Free File – online tax preparation products available at no charge – launched today, giving taxpayers an early opportunity to claim credits like the Recovery Rebate Credit and other deductions, the Internal Revenue Service announced. Leading tax software providers make their online products available for free as part of a 19-year partnership with the… Seguir leyendo IRS Free File available today; claim Recovery Rebate Credit and other tax credits
Energy Department and Federal Partners Announce up to $14.5 Million for Offshore Wind Environmental Research
Washington, D.C., January 15, 2021.- The U.S. Department of Energy (DOE) announced up to $14.5 million for environmental research to support U.S. offshore wind development. This Funding Opportunity Announcement (FOA) will support regionally-focused, coordinated research efforts to increase understanding of the environmental impacts of offshore wind, as well as projects that advance and validate tools to monitor and minimize… Seguir leyendo Energy Department and Federal Partners Announce up to $14.5 Million for Offshore Wind Environmental Research
Document Clarifies Protections for Employers and Employees Under the Law
WASHINGTON, D.C., Jan. 18, 2021.– The U.S. Equal Employment Opportunity Commission (EEOC) approved revisions to EEOC’s Compliance Manual Section on Religious Discrimination (“Manual”). The Manual was approved by the Commission on January 15th by a 3-2 vote. The updated guidance describes in what ways Title VII of the Civil Rights Act of 1964 (Title VII) protects individuals from… Seguir leyendo Document Clarifies Protections for Employers and Employees Under the Law
Development banks mobilise US$ 175 billion of private finance in 2019
Multilateral development banks (MDBs) and development finance institutions (DFIs) have mobilised US$ 175 billion of private finance in 2019, an increase of 9 per cent over the previous year, a report on the activities of 27 institutions published today finds. The report also finds: The reporting MDBs and DFIs mobilised US$ 63.6 billion of private finance in… Seguir leyendo Development banks mobilise US$ 175 billion of private finance in 2019
Global Policy Responses to Capital Flow Volatility
The COVID-19 health and economic crisis has once again focused attention on the fickleness of capital flows and the need to have an adequate policy toolkit to manage the risks that stem from these flows, while maximizing their benefits. A virtual workshop organized by the Bank of England, Banque de France, International Monetary Fund and the Organization… Seguir leyendo Global Policy Responses to Capital Flow Volatility
COVID pandemic expected to cost U.S. airports an additional $17 billion
Airports Council International – North America (ACI-NA), the trade association representing commercial service airports in the United States and Canada, today released financial projections that show U.S. airports will lose at least $17 billion between April 2021 and March 2022 because of the prolonged decline in commercial aviation traffic resulting from the COVID-19 pandemic. These… Seguir leyendo COVID pandemic expected to cost U.S. airports an additional $17 billion
World Bank Plans to Invest over $5 Billion in Drylands in Africa
PARIS/WASHINGTON, January 12, 2021— The World Bank plans to invest over $5 billion over the next five years to help restore degraded landscapes, improve agriculture productivity, and promote livelihoods across 11 African countries on a swathe of land stretching from Senegal to Djibouti. World Bank Group President David Malpass announced the investment at the One… Seguir leyendo World Bank Plans to Invest over $5 Billion in Drylands in Africa
COVID-19 and corporate balance sheet vulnerabilities in emerging markets and developing economies
The non-financial corporate (NFC) sector in emerging markets and developing economies (EMDEs) entered the pandemic with elevated financial vulnerabilities and corporate debt currently stands at record levels: the World Bank estimates that non-financial corporate debt for EMDEs stood at 39.1 percent in 2019,1 up from 34.9 percent in 2010; the BIS estimates a much higher level… Seguir leyendo COVID-19 and corporate balance sheet vulnerabilities in emerging markets and developing economies
Monetary policy, reach-for-yield and small-versus-large company debt maturity adjustments
Does monetary policy influence the maturity structure of corporate debt? That is, do changes in the monetary policy stance alter non-financial firms’ incentives to issue short- versus long-term debt? Which companies eventually change their debt maturity more sharply? These questions are important for many reasons. Rising levels of corporate debt represent a key source of vulnerability for… Seguir leyendo Monetary policy, reach-for-yield and small-versus-large company debt maturity adjustments