U.S. President Trump welcomes Azerbaijan President Aliyev to the White House
U.S. President Donald Trump personally welcomed Azerbaijan’s President Ilham Aliyev at the White House today, ahead of a historic peace signing cere...
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.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
According to the German Research Centre for Geosciences (GFZ), a magnitude 5.7 earthquake struck the Oaxaca region of Mexico on Saturday.
China and the Association of Southeast Asian Nations will send an upgraded ‘version 3.0’ free-trade agreement to their heads of government for approval in October, Chinese Foreign Minister Wang Yi said on Saturday after regional talks in Kuala Lumpur.
A resumption of Iraq’s Kurdish oil exports is not expected in the near term, sources familiar with the matter said on Friday, despite an announcement by Iraq’s federal government a day earlier stating that shipments would resume immediately.
Chinese automaker Chery has denied an industry-ministry audit that disqualified more than $53 million in state incentives for thousands of its electric and hybrid vehicles, insisting it followed official guidance and committed no fraud.
U.S. President Donald Trump personally welcomed Azerbaijan’s President Ilham Aliyev at the White House today, ahead of a historic peace signing ceremony. The meeting sets the stage for a U.S.-brokered framework aiming to stabilize relations in the South Caucasus.
Donald Trump has once again shared a video clip of Azerbaijani President Ilham Aliyev’s remarks from the Shusha Global Media Forum on his Truth Social account.
Belarusian President Alexander Lukashenko stated in an interview published on Friday that he has no intention of seeking another term in office and dismissed claims that he is preparing his son to take over leadership.
China’s President Xi Jinping told Russian leader Vladimir Putin that Beijing will continue promoting peace talks on Ukraine, regardless of how the situation unfolds.
Drone attacks continue to haunt communities around Kyiv. Overnight, Russian forces launched another wave of drones at the Kyiv region, hitting the Bucha district. Fires broke out and several homes were damaged. Local authorities say three women, aged 16, 56, and 80, were injured.
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