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Minnesota man captured in Somalia after allegedly helping orchestrate $250M child nutrition fraud scheme
A fugitive accused of helping orchestrate a $250 million Minnesota fraud scheme that exploited a federal child nutrition program was captured this week in Somalia after nearly four years on the run, federal authorities said.Abdikerm Abdelahi Eidleh, 42, of Burnsville, Minnesota, was taken into custody Thursday in Mogadishu, Somalia, according to the Justice Department.Prosecutors allege Eidleh was one of the architects of the "Feeding Our Future" fraud scheme, which authorities have described as...
AMCA engine talks hit roadblock, US company raises cost threefold
India's ambitious fifth-generation fighter jet program, the AMCA, faces a significant hurdle as the cost of General Electric's F414 engines has tripled, potentially escalating the project's budget. With the airframe design finalized around these engines and limited alternatives, India may be forced to accept the higher price. This development impacts the timeline for the fighter, which is crucial for maintaining air superiority against regional rivals.
Oracle layoffs: 500+ employees get emails from leadership, calls them 'proposed impacted employee'
Oracle has begun a second round of layoffs in Romania, notifying around 500 to 520 employees on June 25 with emails headed "collective dismissal-you are a proposed impacted employee." The cuts span OCI, Database Technologies, Oracle Health and several other units, and were reportedly planned months ago. They form part of Oracle's global drive to shed payroll and fund its debt-heavy AI data centre push.
Trump vows 100% tariff on Europe over digital service taxes
US President Donald Trump on Friday threatened to impose a 100% tariff on European countries that impose a digital services tax on US tech companies.
"Profound change required": Volkswagen plans 100,000 job cuts and four plant closures
Volkswagen is planning a massive job cut of 100,000 positions and the closure of four German plants. This drastic overhaul, the most significant in its history, aims to counter intense competition from Chinese electric vehicle makers. The automaker also intends to reduce research and development spending by 15% as it faces declining market share in China and growing pressure from rivals expanding globally.
Just how much trouble is Canada's economy in?
Just how much trouble is Canada's economy in?Image source, AFP via Getty ImagesByJessica MurphyCanada digital editorPublished27 June 2026Prime Minister Mark Carney has promised to reboot Canada's economy, building it into the "strongest in the G7".He has spent weeks travelling overseas in the last year seeking to drum up business interest in Canada as an investment destination.But there is no doubt the country's economy is struggling, and from tariffs on certain industries to younger Canadians s...
Make use of FTAs, other schemes to boost shipments, government tells businesses
NEW DELHI: Govt has asked businesses to make use of the free trade agreements (FTAs) and schemes beyond interest subsidy, which are part of the Export Promotion Mission to boost shipments from the country. Commerce and industry minister Piyush Goyal had met export promotion councils (EPCs) this week to take stock of the progress made towards meeting the targets set for them and also the medium-term strategy that they are adopting for sectoral exports.
HDFC review finds no evidence backing ex-chairman’s charges
MUMBAI: HDFC Bank said that claims made by former chairman Atanu Chakraborty in his resignation letter, and subsequent remarks about the bank going against his ethics and values, were not substantiated by the bank’s records.
Cheers...with 40 million beers! Pubs and shops in line for huge financial boost as England prepares for Super Saturday
Cheers...with 40 million beers! Pubs and shops in line for huge financial boost as England prepares for Super SaturdayGet your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE See more Daily Mail on Google - save us as a Preferred SourceBy SAM GREENHILL, THE CHIEF REPORTER and EMILY HAWKINS Published: 00:49, 27 June 2026 | Updated: 00:53, 27 June 2026 e-mail View comments
Humble Re 1 retains coining glory despite rise of digital payments
NEW DELHI: It will buy you a candy but not much else. The last time you probably searched for it may have been to settle a toss in a cricket match.
Trump threatens 100% tariff on European nations over tech tax
Trump threatens 100% tariff on European nations over tech taxImage source, Getty ImagesImage caption, US President Donald Trump speaks during an event in the Oval Office of the White House on June 22, 2026 in Washington, DC.ByFrancisco VelasquezBusiness reporterPublished11 minutes agoUS president Donald Trump has vowed to impose a 100% import tariff on any European country that introduces a digital services tax on American technology giants. Writing on Truth Social, Trump said "Numerous European...
Desperate teens say it is now almost impossible to find a summer job, as experts reveal the three factors that are to blame
Desperate teens say it is now almost impossible to find a summer job, as experts reveal the three factors that are to blameSee more Daily Mail on Google - save us as a Preferred SourceBy WILKO MARTÍNEZ-CACHERO, US REPORTER Published: 21:59, 26 June 2026 | Updated: 21:59, 26 June 2026 e-mail View comments
Loss-making Air India stops crew laundry services on international layovers
NEW DELHI: : This cost-cutting move could potentially stink all the way from ground to the sky. Loss-making Air India has informed its crew that “routine availability of laundry services during international layovers will be discontinued from July 1, 2026.” The facility will, however, continue during domestic layovers.
US federal judge questions DOJ decision to drop Adani charges
Judge says DOJ's reasoning for dropping Adani charges lacks clarity; orders detailed explanation from prosecutors.
Leclerc expects Ferrari to struggle after ‘difficult Friday’
Charles Leclerc believes that Ferrari could be in for a tricky weekend at the Austrian Grand Prix following some struggles on Friday.
Now we know how much tax King Charles pays, and it is very little
The monarch’s declaration doesn’t tell us much, except that his bill is lower than for people with much smaller fortunesThe veil of secrecy that surrounds the royal finances was nudged aside a little on Thursday to allow the release of a new piece of information. We learned for the first time how much the king’s annual tax bill comes to.This was not a full tax return. It was a two-sentence declaration, stating his tax payable amounted to £12.9m in 2024-25, and a slightly smaller sum the year bef...
New ISA and Lifetime ISA changes explained
New ISA and Lifetime ISA changes explainedTo play this video you need to enable JavaScript in your browser.This video can not be playedNew ISA and Lifetime ISA changes explainedCloseListen to the full episode on BBC Sounds.SubsectionBusinessPublishedJust nowShareclose panelShare pageCopy linkAbout sharingRelated topicsMartin LewisFollow Martin Lewisclose panelYou are now following Martin LewisUpdates from your News topics will appear in My News and in a collection on the News homepage.MoneyFollo...
'100% tariff': Trump threatens countries planning digital services tax on US firms
Escalating his trade offensive against digital taxes targeting American companies, US President Donald Trump on Friday warned that any country imposing a Digital Services Tax (DST) would face 100% tariffs on exports to the United States warning that such duties would override existing trade agreements.
New York City will freeze rent for 1m apartments in big victory for Mamdani
City’s mayor has consistently argued that rising housing costs have made it increasingly unaffordableA New York City housing board has voted to freeze rent for approximately 1m apartments.In a major victory for Zohran Mamdani, the mayor who campaigned on a pledge to freeze rent, the Rent Guidelines Board voted 7-1 on Thursday to freeze increases on one- and two-year leases. The decision will provide relief to tenants in more than one million rent-stabilized apartments, representing over 40% of t...
Volkswagen may cut 1 lakh jobs amid China competition, tariff pressure
Volkswagen is reportedly considering a massive overhaul, including closing four German factories and significantly increasing job cuts, potentially impacting up to 100,000 roles. This drastic move comes as the automaker faces intense competition from Chinese rivals, US tariffs, and declining European demand. The proposals, set for discussion soon, are expected to face strong opposition from unions and a key state shareholder, highlighting the immense pressure on the German giant.