South African factory workers protested against the dismissal of foreign employees, arguing their skills are vital for businesses and job security for locals.
South African factory workers protested against the dismissal of foreign employees, arguing their skills are vital for businesses and job security for locals.
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 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.
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.
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