Efforts to establish a coordinated global tax regime for tech giants and ultra-wealthy individuals are unraveling, as US President Donald Trump pulls back support and threatens new tariffs. The move has reopened transatlantic tensions and cast uncertainty over years of negotiations aimed at curbing tax avoidance and closing loopholes exploited by multinationals.Tech tax standoffOn February […]
In a significant policy adjustment, the Trump administration has announced exemptions for smartphones, computers, semiconductors, and other high-tech electronics from its newly imposed global tariffs. The move, revealed in a Saturday notice by the US customs and border protection office, is expected to ease cost pressures on American consumers while tempering the impact of sweeping […]
LONDON: Member states of the International Maritime Organization have voted in favour of a global pricing system to help curb maritime carbon emissions, the UN shipping body announced Friday.From 2028, all ships will be required to use a less carbon-intensive fuel mix or face financial penalties, the IMO said.The carbon pricing measure must now be […]
Iran, Saudia Arabia and Iraq accounted for 90% of the recorded cases and were responsible for the steep spike. Iran topped the list. It put at least 972 people to death, up from 853 the year before.In Saudi Arabia figures doubled to at least 345 — the most ever recorded for the country by the […]
Since re-entering office, President Trump has issued a flurry of tariffs in an effort to rewire the global economy. On Wednesday, Mr. Trump unveiled his most aggressive policies to date, sparing few countries around the world. A 10 percent base line rate for the world went into effect on Saturday, with much higher ones for […]
NEW DELHI: A global market rout intensified Monday following US President Donald Trump’s announcement of sweeping tariffs and Beijing’s retaliation with 34% duties on all US imports starting April 10.Stock markets across Asia plunged sharply, with investor sentiment collapsing as fears of a global trade war took hold. Analysts say over $9 trillion in market […]
US President Donald Trump (Pic credit: AP) US President Donald Trump on Sunday doubled down on his decision to impose sweeping tariffs on imports from around the world, saying he would not back off unless trade imbalances with the US were addressed. Speaking to reporters aboard Air Force One, Trump acknowledged the economic uncertainty caused […]
Representative AI image generated by Denny NEW DELHI: Asian stock markets nosedived on Monday as global financial turmoil deepened, triggered by US President Donald Trump’s sweeping tariffs and China’s retaliatory measures. With fears of a full-blown trade war mounting, US futures pointed to further losses on Wall Street, compounding Friday’s historic meltdown.Tokyo’s Nikkei 225 fell […]
Amadou Bagayoko, a Malian guitarist and composer who with his wife, the singer Mariam Doumbia, formed Amadou & Mariam, inventing a broadly accessible sound that made fans of people worldwide who otherwise knew little about music from Africa, died on Friday in Bamako, Mali’s capital. He was 70. His death was announced by the Malian […]
President Trump’s top aides raced to defend his expansive global tariffs on Sunday, downplaying the prospect that his new taxes on imports could cause a significant spike in prices or tip the U.S. economy into a painful recession. As Mr. Trump departed Mar-a-Lago for another day of golfing at his club in Jupiter, Fla., his […]
