The U.S. government will raise $250b from the proposed minimum tax rule on large corporations.
The biggest American corporations would have to pay taxes equal to at least 15% of their income under a new regulation that the Biden administration
Africa launches new “gold standard” currency backed by critical minerals.
A new "gold standard" currency system is being proposed by Africa's development bank, and it will be supported by vital minerals like cobalt, copper, lithium,
Warren Buffett’s US toymakers given the nod to sue China’s Alibaba for the sale of allegedly fake Squishmallows.
A New York judge has ruled that Alibaba must respond to a case brought by a US toymaker who claims the Chinese e-commerce behemoth's internet
Adobe to join the growing market for AI-based video generation tools later this year
Adobe, a software company, announced on Wednesday that it will expand its product portfolio aimed at creative professionals by launching a new generative AI-powered video
Americans duped $5.6b last year in cryptocurrency fraud schemes. – FBI
In a report released on Monday, the FBI stated that fraudulent schemes employing bitcoin defrauded Americans of over $5.6 billion last year, a 45% increase
Huawei tri-fold phone garners 3m pre-orders to rival the new Apple iPhone 16.
According to the company’s website on Monday, the triple-folding smartphone from Chinese tech giant Huawei has received over 3 million pre-sales. This news comes only
The latest iPhone will be powered by Arm’s newest V9 chip design.
SoftBank provided the design for Apple’s newest iPhone, the A18 chip, which is scheduled to be introduced on Monday at an event. The Financial Times
U.S. Treasury recovers $1.3b overdue taxes from wealthy tax dodgers.
Since last fall, the IRS has amassed $1.3 billion in revenue from wealthy taxpayers who evaded paying taxes. The agency attributed this success to increased
The Dutch government adopts the US policy of denying China access to advanced chips for military technology.
Citing security concerns, a Cabinet minister declared on Friday that the Dutch government is extending export restrictions on machinery used to create cutting-edge processor chips
China offers Africa $51b fresh funding in yuan, 1m jobs, stoking fears of debt trap
On Thursday, President Xi Jinping promised to increase China’s assistance to debt-ridden Africa, including funding of approximately $51 billion over three years, support for further
Blackstone to acquire Asia-Pacific’s largest data centre group AirTrunk in a $16b deal.
In what would be Blackstone’s largest investment in the Asia Pacific area, the Australian data centre company AirTrunk will be acquired by Blackstone, on Wednesday
The US and Europe embrace lab-grown cocoa and chocolate alternatives to meet growing demand.
Chocolate aficionados shouldn’t give up, according to companies studying alternative cocoa cultivation methods or developing cocoa alternatives, even though climate change is placing stress on
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