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Airbnb backs OECD approach to digital services tax

Home rental startup Airbnb said on Wednesday it supported the development of a digital services tax regime being discussed by the Organisation for Economic Co-operation and Development (OECD) to bridge a divide between the United States and Europe.

Oil rises after bigger-than-expected drop in inventories

Oil prices moved higher on Wednesday after an industry report showed that U.S. inventories of crude fell more than analysts expected, bolstering hopes that fuel demand in the world's biggest economy can weather the coronavirus pandemic.

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