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Key Takeaways

The OECD proposes overhauling corporate taxation of multinational companies. The ceasefire in Nagorno-Karabakh is under pressure, with continued fighting. Global coronavirus infections top 37 million. [Flashpoint Daily Situation Reports]

Condition Updates

A rundown of important global developments in markets, in business, and region-by-region, as well as statistical risk assessments by country and by US state. [Flashpoint Daily Situation Reports]

The COVID-19 Wealth Gap

One of the most prominent themes in macro-level readings of COVID-19’s global impact has been the acceleration of national and international income inequality. Last week, a report by Swiss bank UBS on the world’s billionaires underscored how the pandemic’s economic impact has not only driven poverty at low-income levels but has also significantly increased the wealth of the world’s richest individuals. [Economic and Regulatory Insights

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