Yellen's plan relies on negotiating a 21% global minimum corporate tax rate with major economies and a separate 15% minimum tax on 'booked' income aimed at the largest U.S. corporations. Dozens of big U.S. companies use complex tax strategies to reduce their federal tax liabilities to zero.
U.S. President Joe Biden on Tuesday moved up the COVID-19 vaccine eligibility target for all American adults to April 19, but warned that with new virus variants spreading "we're still in a life-and-death race" with the coronavirus.
Russia said on Tuesday the West risked triggering civil war in Myanmar by imposing sanctions on the military junta that has seized power in a coup, but France said the European Union will step up restrictions on the generals.
Border clashes between Ethiopia's Afar and Somali regions have killed at least 100 people, a regional official said on Tuesday, the latest outbreak of violence ahead of national elections in June.
Indonesia has reported its first case of a more transmissible new variant of the coronavirus known for reducing vaccine protection, but the government on Tuesday said vaccines being used in the country could withstand the mutation.
Michigan vaulted to the top of the list of U.S. states in terms of new COVID-19 cases reported last week, after a steep rise in infections that has come about a month after it eased restrictions designed to control the spread of the virus.
The U.S. government under President Joe Biden is working closely with the international community to tackle climate change, increase the scale of climate finance and leverage additional private investment, Treasury Secretary Janet Yellen said on Tuesday.
The Minneapolis Police Department's coordinator on the use of force told jurors on Tuesday the neck restraint applied by former policeman Derek Chauvin in the deadly arrest of George Floyd was unauthorized and that officers are trained to use the least amount of force necessary.
United Nations teams have received "worrying" reports that Tanzania has rejected over 1,000 people seeking refuge from an Islamic State-claimed attack on a town in northern Mozambique, the U.N. refugee agency UNHCR said on Tuesday.
California will fully reopen its economy on June 15 if COVID-19 hospitalizations are low and stable, and vaccine supplies are plentiful enough for everyone over the age of 16 who wants to be inoculated, Governor Gavin Newsom said on Tuesday.
Floods and landslides triggered by tropical cyclone Seroja in a cluster of islands in southeast Indonesia and East Timor have killed 113 people, with many still unaccounted for and thousands displaced, officials said on Monday.
Indian security forces have stepped up operations against ultra left-wing guerrillas deep in the forests of a mineral-rich central state after they killed 22 police in an ambush over the weekend, a top police officer said on Monday.
President Joe Biden on Monday defended his proposal to raise corporate taxes to help pay for his infrastructure spending plans, saying he was not worried the hike would harm the economy and that there was no evidence it would drive business abroad.
U.S. Treasury Secretary Janet Yellen said on Monday that she is working with G20 countries to agree on a global corporate minimum tax rate and pledged that restoring U.S. multilateral leadership would strengthen the global economy and advance U.S. interests.
Former Hollywood producer Harvey Weinstein on Monday asked a New York state appeals court to throw out his conviction for sexual assault and rape and grant a new trial, saying the trial judge made several errors that denied him an impartial jury.
