China extends anti-dumping duties on stainless steel imports
China's Ministry of Commerce (MOFCOM) announced Monday it will extend anti-dumping duties on specific stainless steel imports from the European Union,...
Real Madrid coach Carlo Ancelotti is set to appear in court on Wednesday over allegations of failing to pay €1 million in taxes on image rights earnings during his first tenure at the club. Prosecutors seek a prison sentence of nearly five years and a €3.2 million fine.
Carlo Ancelotti, head coach of Real Madrid, will stand trial in Spain starting Wednesday, facing charges of tax evasion related to his image rights income from his first stint at the club. Authorities accuse him of failing to declare €1 million ($1.08 million) in earnings in 2014 and 2015.
Ancelotti is among several football figures investigated by Spain's tax authorities. While many, including Cristiano Ronaldo and Diego Costa, settled their cases with hefty fines, Bayer Leverkusen coach Xabi Alonso was acquitted by the Supreme Court in 2023 after refusing a settlement.
Prosecutors are seeking a prison sentence of four years and nine months, along with a €3.2 million fine. They argue that Ancelotti only reported his salary from Real Madrid, omitting income from image rights.
Ancelotti recently expressed confidence in Spain’s legal system and stated he is ready to testify. Before the trial, prosecutors confirmed that Spanish tax authorities had already seized the owed amount plus interest.
The trial, set to last three days in a Madrid court, could still end in an out-of-court settlement at any stage. Ancelotti, who returned to coach Real Madrid in 2021, has won five Champions League titles as a manager—twice with AC Milan and three times with Real Madrid.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
China has ramped up efforts to protect communities impacted by flood control measures, introducing stronger compensation policies and direct aid from the central government.
Severe rain in Venezuela has caused rivers to overflow and triggered landslides, sweeping away homes and collapsing a highway bridge, with five states affected and no casualties reported so far.
A malfunction in the radar transmission system at the Area Control Center in Milan suspended more than 300 flights at the weekend, across northwest Italy since Saturday evening according to Italy's air traffic controller Enav (National Agency for Flight Assistance).
Thousands of protesters rallied in Bangkok on Saturday, demanding Prime Minister Paetongtarn Shinawatra resign as political and economic tensions mount.
Prices for goods made in China and sold on Amazon.com are rising at a pace faster than overall inflation, signaling the growing impact of U.S. tariffs on consumers, a new analysis by retail analytics firm DataWeave reveals.
The United States announced the launch of a critical minerals initiative with Australia, India and Japan on Tuesday as part of efforts to counter China, although ties between the partners have been strained by trade frictions and other disagreements.
A U.S. federal judge on Tuesday rejected Huawei Technologies Co Ltd's request to dismiss the majority of charges in a sweeping indictment, allowing the Chinese telecoms giant to face trial over allegations of trade secret theft, bank fraud, and sanctions violations.
France is facing a severe heat wave forcing nearly 1,350 schools to shut fully or partially, nearly double from the previous day.
The U.S. Justice Department announced charges against two Chinese citizens accused of spying inside the U.S. on behalf of Beijing.
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