Israel and Hamas agree to ceasefire
A ceasefire took effect early Friday, ending 11 day of rocket fire between Israel and Hamas, the Palestinian militant group which controls the Gaza Strip. More than 240 people were reported killed in the conflict. The agreement was brokered by Egypt and the US. Washington pledged recovery aid to both sides. Sources: BBC, CNBC, DW, Financial Times, The Guardian and NPR.
Biden wants 15% minimum corporate tax rate
Washington has proposed, in international talks, that companies pay at least 15% in tax on their earnings globally. That is below the 21% rate the Biden administration proposed for US firms earlier. Sources: CNBC, Financial Times, Independent and Reuters.