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How Trump's IRS settlement could block tax audits of him, his family and their businesses
How Trump's IRS settlement could block tax audits of him, his family and their businesses9 minutes agoShareSaveAdd as preferred on GoogleLisa LambertWashingtonGetty ImagesThe US Department of Justice has announced that this week's unprecedented settlement of President Donald Trump's lawsuit over the leaking of his tax returns blocks the IRS from reviewing tax filings that Trump, his family and his businesses made in the past.Some lawmakers and legal experts say the department has violated federa...
Situationer: New Energy Vehicle policy plagued by contradictions
• Framework places both plug-in hybrids and combustion engines in 1pc sales tax category with e-vehicles• Stakeholders say move will distort industry, discourage sale of e-vehicles, localisation efforts THE New Energy Vehicle (NEV) policy, designed to accelerate the transition towards cleaner electric mobility and reduce oil dependence, is facing criticism over a fundamental policy contradiction: the decision to place plug-in hybrid electric vehicles (PHEVs) in the same preferential incentive ca...
Hormuz chaos nears month 3: Oil prices climb as tightened supplies squeeze fuel reserves
Oil prices edged higher as supply disruption fears from the Iran conflict and falling US crude stockpiles emerged. Brent crude reached $105.83 and WTI $99.23, recovering from a sharp decline after US-Iran negotiation reports. Tensions around the Strait of Hormuz persist, impacting global shipments and forcing nations to tap reserves.
Months after tie-up with OpenAI and Anthropic, Intuit to layoff 3,000 employees
Financial software giant Intuit is reportedly laying off nearly 17% of its global workforce, impacting around 3,000 employees. This significant restructuring, aimed at simplifying operations and boosting AI integration, follows recent partnerships with OpenAI and Anthropic. The move comes as Intuit, like other tech firms, pivots towards AI-driven efficiencies amidst broader industry layoffs.
Australia's unemployment shock: Jobless rate surges to 4.5 per cent as thousands of jobs vanish
Australia's unemployment shock: Jobless rate surges to 4.5 per cent as thousands of jobs vanishSee more Daily Mail on Google - save us as a Preferred SourceBy AAP Published: 02:58, 21 May 2026 | Updated: 02:58, 21 May 2026 e-mail View comments
FAO warns of agrifood shock from Strait of Hormuz closure - Emirates 24|7
FAO warns of agrifood shock from Strait of Hormuz closure Emirates 24|7
Carlyle's Thomas Sees BOJ Hiking Rates in June
Carlyle Global Research and Investment Strategy Head Jason Thomas expects the Bank of Japan to hike interest rates in June this year. He speaks with Haidi Stroud-Watts and Shery Ahn on "Bloomberg: The Asia Trade." (Source: Bloomberg)
Australia’s Surprising Jump in Unemployment Trims Rate-Hike Bets
Australia’s unemployment rate unexpectedly climbed in April, suggesting the labor market is beginning to cool in response to rising interest rates and an energy shockwave from the Middle East conflict.
Samsung strike on hold - but the fight isn't over yet. Why?
Samsung strike on hold - but the fight isn't over yet. Why?6 minutes agoShareSaveAdd as preferred on GoogleSuranjana TewariAsia business correspondentBloomberg via Getty ImagesTens of thousands of Samsung Electronics workers rallied at a factory complex south of Seoul on 23 AprilThe largest union at Samsung Electronics has suspended a planned strike after reaching a last-minute tentative pay agreement with the South Korean technology giant.It has temporarily eased fears of disruption at the worl...
Hard-working firefighter takes advantage of loophole to make nearly twice as much money as his BOSS
Hard-working firefighter takes advantage of loophole to make nearly twice as much money as his BOSSSee more Daily Mail on Google - save us as a Preferred SourceBy JACK TOLEDO Published: 02:07, 21 May 2026 | Updated: 02:07, 21 May 2026 e-mail View comments
Hong Kong’s Iconic Sogo Department Store Races to Refinance Loan
The operator of the Sogo department stores in Hong Kong has less than a month to refinance a loan coming due, people familiar with the matter said, adding to a growing list of firms in the city pushed into last-minute negotiations in the aftermath of a property downturn.
Hot Junk Debt Market Is Prompting Complacency Fears in Credit
Junk debt is beating just about everything else in fixed-income markets after surging yields wiped out gains on most other bonds. Yet with high-yield credit spreads near two-decade lows, investor unease is building.
Jensen Huang says he’s found a ‘brand new’ $200B market for Nvidia
Nvidia founder and CEO Jensen Huang is, perhaps, one of the greatest corporate hype men of all time when it comes to his company. He may even surpass Salesforce’s Marc Benioff when it comes to relentless optimism in his company’s future and revenues. Even so, he delivers on the hype, quarter after quarter.
Anthropic says it’s about to have its first profitable quarter
Anthropic has told its investors that it will more than double revenue to around $10.9 billion in its second quarter, and deliver an operating profit for the first time, the Wall Street Journal reports. That’s a big milestone and fast quarter-over-quarter growth that would put it in an advantageous position relative to its chief competitor, OpenAI. However, the WSJ reports, it may not remain profitable throughout the year due to the large compute costs it’s scheduled to incur.
Why South Korea’s Won Is Weak Despite An AI-Driven Stock Boom
A global AI boom has turbocharged demand for chips from South Korea’s tech giants, including SK Hynix Inc. and Samsung Electronics Co., helping to drive the country’s benchmark Kospi stock index up more than 150% over the past year. Yet despite the Kospi outpacing every other major equity market in the world, the South Korean won remains one of Asia’s weakest currencies.
Australia could be plunged into recession: What it would mean for households and why some warn it could be worse than the 1990s: Peter Van Onselen
Australia could be plunged into recession: What it would mean for households and why some warn it could be worse than the 1990s: Peter Van OnselenSee more Daily Mail on Google - save us as a Preferred SourceBy PETER VAN ONSELEN Published: 01:08, 21 May 2026 | Updated: 01:11, 21 May 2026 e-mail View comments
India’s peak power demand hits all-time high for 3rd straight day
NEW DELHI: India’s peak power demand hit an all-time high for the third straight day on Wednesday, with electricity requirement touching 265.4 GW amid intensive use of ACs and cooling appliances due to scorching heat across the country.
The Papers: 'Don't cap food prices' and '20ft from WW3'
'Don't cap food prices' and '20ft from WW3'Just nowShareSaveAdd as preferred on GoogleA backlash against the government's floated proposal to cap food prices leads the Daily Telegraph, topping with Bank of England Governor Andrew Bailey's warning it could be "unsustainable" and "risked backfiring". Addressing MPs at a select committee, Bailey says the measure would mean "effectively artificially moving prices relative to costs", creating what another official calls a "highly distorted" economy,...
High gas prices drive Georgia man to create a "mini car," costing about $3 to fill up
In response to high gas prices, 30-year-old Mali Hightower, a handyman near Atlanta, said he created a
Mayors want to keep handing out free cash after federal funds dried up
Several mayors across the United States are scrambling to keep "no-strings-attached" cash programs alive as the federal pandemic relief funding that triggered the trend officially dries up.In the Chicago suburb of Evanston, Illinois, officials recently announced an expansion of the city's guaranteed income program to burn through the remainder of its federal allotments. The program originally launched as a pilot funded by the American Rescue Plan Act (ARPA). Under federal law, these pandemic rec...