New protests in Tanzania's main city after chaotic election
Police in Dar es Salaam fired gunshots and tear gas on Thursday to break up renewed protests following a disputed general election, a Reuters witness ...
The United States and the Group of Seven nations have agreed on a plan to exempt U.S. companies from parts of a major global tax deal, a move set to reshape international tax stability.
The agreement, announced on Saturday from Canada, follows Washington’s decision to remove Section 899, a controversial retaliatory tax included in President Donald Trump’s tax and spending bill.
Under the new "side-by-side" system, U.S. firms escape some burdens of the 2021 global corporate minimum tax deal, which had been brokered under the Biden administration with nearly 140 countries. Trump, however, withdrew from it in January through an executive order, arguing that the U.S. should not be bound by it.
Britain hailed the new agreement as a victory for business certainty. UK finance minister Rachel Reeves said companies would benefit from stability after concerns about steep tax increases. She also stressed the ongoing need to combat aggressive tax avoidance.
Section 899 had alarmed British and other European businesses, who feared extra costs if retaliatory taxes took effect on U.S. soil.
The G7 said the new plan acknowledges existing U.S. minimum tax laws and aims to reduce global tax conflicts. Officials called for further talks to find a solution "acceptable and implementable to all."
Trump had threatened a retaliatory tax on countries taxing U.S. firms under the global deal, a move seen as harmful to many foreign businesses operating in America.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
Nokia announced on Tuesday that chipmaker Nvidia will acquire a $1 billion stake in the company.
The deadliest police operation in Brazil's history killed at least 132 people, officials said on Wednesday, after Rio de Janeiro residents lined a street with dozens of corpses collected overnight, a week ahead of global climate events in the city.
Centrist liberal party D66, led by 38-year-old Rob Jetten, has made sweeping gains in the Dutch election, emerging neck and neck with Geert Wilders’ far-right Freedom Party (PVV) in early results - a stunning reversal just two years after D66 ranked sixth.With 90% of votes counted early on Thursday
NASA’s experimental X-59 quiet supersonic jet successfully took off from U.S. Air Force Plant 42 in Palmdale, California, early on Tuesday (October 28), marking a major milestone in the future of high-speed air travel.
Police in Dar es Salaam fired gunshots and tear gas on Thursday to break up renewed protests following a disputed general election, a Reuters witness said.
The U.S. will halve its fentanyl-related tariff on Chinese goods to 10% following a summit between President Trump and President Xi Jinping in South Korea.
A U.S. strike on a suspected drug-smuggling vessel in the eastern Pacific killed four men, marking the latest escalation in President Donald Trump’s expanding campaign against narcotics networks across the Americas, according to international media.
Hurricane Melissa tore across the northern Caribbean on Wednesday, devastating Jamaica, battering Cuba’s east, and flooding parts of Haiti, where at least 25 people were killed.
New Zealand announced on Thursday that it would broaden sanctions against Russia’s oil sector and its so-called shadow fleet, during a meeting with the foreign ministers of the five Nordic countries in Stockholm.
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