Author: Anadolu Agency

US President Donald Trump has withdrawn from the OECD global corporate tax treaty via an executive order issued on Monday, declaring that the agreement has “no force or effect” in the United States. The move threatens global tax cooperation and could derail a historic effort to reform international tax rules. The treaty, announced in October 2021, was signed by 140 countries representing over 90% of global GDP, including major economies such as China, the UK, Germany, France, Japan, and Türkiye. It aimed to impose a minimum 15% tax rate on multinational corporations with global revenues exceeding €750 million ($780.5 million),…

The UN said Wednesday that more than 6 million people in Haiti, or around half the country’s population, are in dire need of humanitarian assistance. “The worsening security crisis has significantly impacted United Nations operations,” Maria Isabel Salvador, UN Secretary-General Antonio Guterres’ Special Representative for Haiti, told the UN Security Council. Warning that the humanitarian crisis had reached “alarming levels,” Salvador said: “Over 6 million people — nearly half the population — require humanitarian assistance, with 3.9 million targeted for aid. The number of internally displaced persons has tripled to over 1 million, with more than half being children.” She…

Saudi Arabia on Thursday said it is planning to expand its investments and trade with the United States by an amount of $600 billion and possibly beyond over the next four years. This came during the first phone call between the kingdom’s Crown Prince Mohammed bin Salman and US President Donald Trump, who assumed office on Monday, according to the official Saudi Press Agency (SPA). It said the crown prince congratulated Trump on his inauguration as the US president, and they discussed bilateral relations and regional developments. The two leaders also discussed ways for cooperation between the two countries “to…

US President Donald Trump will make his first significant speech to world political and business leaders on Thursday with his remote address to the World Economic Forum (WEF) in Davos, Switzerland. According to the schedule, Trump is scheduled to deliver a speech and take part in a discussion at 1600GMT. After returning to the White House this Monday for a second term, Trump continued to threaten import tariffs on goods from Canada, Mexico, and China. Trump also criticized the EU’s trade surplus with the US. During his first term in 2017-2021, Trump was known for shaking up traditional alliances and…

China has pushed Brazil to make new achievements in greater BRICS cooperation and vowed to support Brazil as the bloc’s current chair. During a phone call Wednesday with Celso Amorim, special advisor to the president of Brazil, China’s Foreign Minister Wang Yi also discussed the Ukraine crisis and both sides agreed to continue their efforts to end the ongoing Russia-Ukraine war, according to a statement issued by the Chinese Foreign Ministry. “China supports Brazil in serving as the BRICS chair this year and promoting the ‘Greater BRICS Cooperation’ to continuously achieve new results,” Wang said. BRICS, a geopolitical alliance established…

Ukraine said on Thursday that at least one person was killed and 26 others were injured due to overnight Russian airstrikes on the country’s southeastern city of Zaporizhzhia. “At night, the Russian army launched missile and drone attacks on Zaporizhzhia, targeting residential areas and infrastructure. As of now, one person has been reported killed as a result of this terror. 26 others were injured, including a two-month-old baby, ” Ukrainian President Volodymyr Zelenskyy said on X. Search and rescue personnel were also wounded in the city, he noted, saying that all relevant services are working at the scene of the…

The new US administration and South Korea have agreed to maintain close cooperation on North Korea’s nuclear issue, Seoul’s Foreign Ministry said on Thursday. The agreement was reached during South Korean Foreign Minister Cho Tae-yul’s first phone call with new Secretary of State Marco Rubio, Seoul-based Yonhap News reported. It comes days after US President Donald Trump expressed his desire to revive long-stalled peace talks with South Korea’s longtime rival North Korea. The two top diplomats discussed bilateral relations, North Korean nuclear issues as well as trilateral cooperation involving Japan, the ministry said. The two plan to coordinate details to…

The Kremlin on Thursday disputed US President Donald Trump’s remarks a day earlier on the Soviet Union playing a supportive role during World War II. On Wednesday, Trump said on the social media platform Truth Social that they must not forget that Russia “helped us” win World War II, claiming that the Soviet Union lost almost 60 million people during this period. Trump’s remarks came a day after he indicated that additional sanctions on Russia are “likely” if Russian President Vladimir Putin does not come to the negotiation table to end the Moscow-Kyiv war. “In this case, you noted a…

The new US administration and South Korea have agreed to maintain close cooperation on North Korea’s nuclear issue, Seoul’s Foreign Ministry said on Thursday. The agreement was reached during South Korean Foreign Minister Cho Tae-yul’s first phone call with new Secretary of State Marco Rubio, Seoul-based Yonhap News reported. It comes days after US President Donald Trump expressed his desire to revive long-stalled peace talks with South Korea’s longtime rival North Korea. The two top diplomats discussed bilateral relations, North Korean nuclear issues as well as trilateral cooperation involving Japan, the ministry said. The two plan to coordinate details to…

China on Thursday called for win-win cooperation to promote stable and healthy development of economic and trade relations under returning US President Donald Trump, according to Chinese state media. “China hopes that under the strategic guidance of the two countries’ leaders, both sides will adhere to the principles of mutual respect, peaceful coexistence, and win-win cooperation, strengthen dialogue and communication, manage differences appropriately, expand mutually beneficial cooperation, and promote the stable and healthy development of China-US economic and trade relations,” Commerce Ministry spokesperson He Yadong told a press conference. He emphasized that reaching win-win and mutually beneficial results is the…