Scrapping inheritance tax would cost the government almost £15bn a year in lost revenue by 2032, according to analysis by the Institute for Fiscal Studies that follows calls from Tory MPs for the main tax on inherited wealth to be ...
The US Federal Trade Commission has accused Amazon of wielding monopoly power to inflate prices and stifle innovation in a landmark lawsuit taking aim at Big Tech’s dominance of the internet. The claim by the anti-trust watchdog, which was joined ...
WASHINGTON — The US Federal Trade Commission (FTC) filed a long-awaited antitrust lawsuit against Amazon.com on Tuesday and asked the court to consider forcing the online retailer to sell assets as the government accuses Big Tech of monopolizing the most ...
HANOI — Chinese solar panel maker Trina Solar is planning to build its third factory in Vietnam, three people familiar with the matter told Reuters, a move that would boost exports to the United States following punitive duties to be ...
LOS ANGELES — California Governor Gavin Newsom on Tuesday signed into law a first-in-the-nation state excise tax on sales of firearms and ammunition, aimed at raising a projected $160 million annually to prevent gun violence in schools and elsewhere. The ...
SAO PAULO — Commodities trader Cargill has been ordered by a Brazilian court to pay 600,000 reais ($120,185) as indemnity for buying cocoa from farms where child labor or forced work has been identified. US-based Cargill said on Tuesday it ...
Meta, the owner of Facebook, has paid £149 million to surrender lease on a London office block having not moved in any staff two years after signing the deal. The American social media group’s UK division is handing back the ...
Six young people from areas in Portugal ravaged by wildfires and heatwaves will on Wednesday take 32 European governments to court over what they see as climate inaction, arguing countries’ failure to cut emissions fast enough is a violation of ...
SYDNEY – Elon Musk’s X, formerly called Twitter, disabled a feature that let users report misinformation about elections, a research organisation said on Wednesday, throwing fresh concern about false claims spreading just before major US and Australian votes. After introducing a feature in 2022 for users to report a post they considered ...
BEIJING – China’s central bank said on Wednesday it would step up policy adjustments and implement monetary policy in a “precise and forceful” manner to support an economy whose recovery was improving with “increasing momentum”. The People’s Bank of China (PBOC) will keep liquidity reasonably ample and maintain stable credit expansion, the bank said in a statement after ...