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US Treasury signals G7 deal excluding US firms from some taxes
US Treasury Secretary Scott Bessent signaled Thursday that a deal is forthcoming among G7 nations allowing US firms to be excluded from certain taxes imposed by other countries. Section 899 has been dubbed a "revenge tax," allowing the government to impose levies on firms with foreign owners and on investors from countries deemed to impose unfair taxes on US businesses.
Nike profits sink but company says it is turning a corner
Nike reported sharply lower quarterly profits Thursday, but signaled it was past the worst stage of a corporate retooling as it implements "surgical" US price increases to defray tariff costs.
Anna Wintour steps down as US Vogue editor after nearly 40 years
Magazine legend Anna Wintour stepped down as editor of US Vogue on Thursday after 37 years during which she was often hailed as the single most influential figure in the fashion world. Wintour has for many years also run the Met Gala, an extravagant Manhattan fundraiser that attracts an A-list of dressed-up stars from the worlds of fashion, film, politics and sports.
Facing EU deadline, Apple announces App Store changes
Apple announced changes to its App Store payment rules in Europe as it hit a Thursday deadline to address accusations of breaking EU digital competition rules -- or face steep new daily fines.
Anna Wintour steps down as editor of US Vogue after nearly 40 years
Magazine legend Anna Wintour is stepping down as editor of fashion bible US Vogue after 37 years in the post, US media reported Thursday. Wintour, who took the helm at US Vogue in 1988, announced her departure at a staff meeting, but she will stay on as group owner Conde Nast's global chief content officer and as editorial director at Vogue, People magazine reported.
Nigeria's Tinubu signs major tax overhaul
Nigerian President Bola Tinubu on Thursday signed four landmark bills into law aiming to overhaul the country's tax system, after backing away from more controversial tweaks that would have upended revenue sharing among states.
After NATO deal, how far will EU go for trade peace with Trump?
After satisfying Donald Trump's calls for Europe to ramp up defence spending in NATO, EU leaders were meeting in Brussels Thursday on the next big challenge ahead: how to seal a trade deal with the US leader.
Roblox's Grow a Garden explodes online video game numbers
A gardening game created by a teenager on online platform Roblox has attracted a record 21 million simultaneous players, a figure rarely seen in the industry. "(But) I think we can be confident it's a record for Roblox because Roblox has given us these these figures," he said.
Bezos wedding festivities kick off in Venice
VIPs whizzed by speed boat through Venice Thursday as the three-day wedding party of Amazon tycoon Jeff Bezos and Lauren Sanchez kicked off and protesters demonstrated in St Mark's Square. Protesters, some wearing carnival masks, demonstrated in St Mark's Square, accusing authorities of pandering to the super rich while the city drowns under tourists.
AFP
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