The I.R.S. Tried to Stop This Tax Dodge. Scott Bessent Used It Anyway.
Like many on Wall Street, Treasury Secretary Scott Bessent used a limited partnership to avoid Medicare taxes. Unlike the others, he’s now overseeing the I.R.S. Source link
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Border clashes escalate: Afghanistan blames Pakistan for closures; $200 million trade loss prompts search for new routes
Nooruddin Azizi (File photo) Afghanistan’s Taliban government on Wednesday said that it is seeking alternative trade routes through Central Asia as border closures with Pakistan continue to cripple commerce and worsen economic losses.Acting commerce minister Nooruddin Azizi said that the country is losing nearly $200 million every month due to the shutdown of key crossings…
Kim Kardashian’s Skims Is Worth an Extra Billion Dollars
The apparel giant is now valued at $5 billion after a new fund-raising round, as it continues to grow its business. Source link
Trade ties: Boeing says India business unaffected by tariff tensions; plans more local investments under ‘Make in India’ push
American aerospace giant Boeing has downplayed concerns that India–US trade frictions could hit its operations, saying that tariff disputes have no bearing on its commercial or defence business in the country, ET reported.Salil Gupte, President of Boeing India, said the company continues to see India as a key market for growth and industrial partnership, even…
How Unemployment Can Take a Toll on Our Mental Health
The emotional impact of unemployment can be profound, experts say — but speaking up about it and building a support system can help. Source link
Supply chain shift: GM tells suppliers to exit China by 2027; move signals deeper US-China trade decoupling
General Motors (GM) has asked thousands of its suppliers to eliminate parts sourced from China by 2027, in one of the auto industry’s most aggressive moves yet to insulate its operations from deepening US-China trade tensions, Reuters reported, citing four people familiar with the matter.According to the report, GM has directed suppliers to find alternative…
Who Pays When A.I. Is Wrong?
New court cases seek to define content created by artificial intelligence as defamatory — a novel concept that has captivated some legal experts. Source link
Tech rally: Infosys, TCS, Tech Mahindra shares jump as Donald Trump backs foreign talent; easing H-1B visa concerns
IT stocks rallied sharply on Wednesday, buoyed by investor optimism after US President Donald Trump said the United States “needed skilled workers from abroad,” a comment seen as a potential softening of his administration’s hardline immigration tone.The upbeat sentiment lifted Tech Mahindra, which surged 3.24%, followed by Mphasis (up 2.83%), LTIMindtree (up 2.63%), TCS (up…
Missing at U.N.’s Climate Meeting: American Executives
Many business leaders are skipping the annual United Nations climate summit in Belém, Brazil, or are attending events in other cities. Source link
India-Russia energy ties: Nuclear cooperation to be deepened; Kudankulam, SMRs on December summit agenda
The upcoming 23rd India-Russia annual summit, scheduled for December, is expected to significantly advance bilateral cooperation in civil nuclear energy, with a special focus on small and modular reactors (SMRs) and greater localisation of nuclear plant equipment.Ahead of the summit, Rosatom director general Alexei Likhachev met Ajit Kumar Mohanty, director general of the department of…