Colombian Government Draws $5.4 Billion from Flexible Credit Line

The International Monetary Fund announced on Tuesday afternoon that the Colombian government has drawn $5.4 billion from its flexible credit line with the economic institution, which the country will use to help mitigate the impact of the COVID-19 pandemic in its economy.

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Tech Companies Operating in France Must Pay Digital Services Tax Starting In December

The French Finance Ministry has ordered tech giants to pay for the digital services tax introduced in the European country last year despite the U.S. government’s warning that it could slap retaliatory tariffs on French imports.

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United States Starts Fiscal 2021 with an October Budget Deficit of $284 billion

The US Treasury Department said on Thursday afternoon that the United States government started the 2021 fiscal year with an October budget deficit of $284 billion, as COVID-19-related outlays spiked significantly from a year earlier and revenues declined.

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