The Tennessee Senate passed a nearly $2 billion tax and refund package for businesses on Thursday, aiming to address potential legal threats regarding the state’s longstanding franchise tax. Critics cautioned that the rushed proposal lacked proper vetting and transparency. Republican ...
Village stores are expressing concern over what they perceive as a fight for survival, alleging that Tesco, the supermarket giant, is employing its cash-and-carry arm to edge them out of business by limiting supplies and grocery deliveries. Independent retailers, many ...
LVMH’s ongoing management reshuffle sees Toni Belloni, group managing director and chairman of the executive committee, stepping down from his duties and leaving the board of directors after the annual general meeting on April 18, as announced by the company ...
Bahrain’s sovereign wealth fund has acquired full ownership of the McLaren Group, known for its production of high-end sportscars and a majority stake in the McLaren F1 team. Mumtalakat, the Bahraini fund, was already the largest shareholder of McLaren. This ...
Verizon Business has introduced a cutting-edge Experiences Room powered by 5G and AI, alongside a range of mobile workplace collaboration tools and cloud-connected calling solutions, at this year’s Enterprise Connect, a premier conference and exhibition for enterprise communications and collaboration ...
China has rolled out guidelines aimed at curbing the use of processors from U.S.-based companies such as Intel and AMD, alongside a move to exclude Microsoft Windows and other foreign database products in favor of domestic alternatives. Under these directives, ...
The U.S. Federal Reserve’s communication has been closely scrutinized by capital markets, eagerly seeking cues on potential rate cuts. However, despite the prevailing expectation of prolonged higher rates, persistent inflation, and elevated yields may deter bond bulls. Consequently, Treasury notes ...
This summer could witness a significant transformation in the way Americans engage in home transactions following a pivotal settlement of an antitrust lawsuit by a prominent real estate group. The agreement entails altering a rule governing how real estate agents ...
As South Korea aims to boost the international standing of its financial markets, it grapples with the challenge of easing stringent currency controls, a longstanding concern for investors and traders in the nation. Despite being considered one of the world’s ...
On March 7, 2024, the US Senate Homeland Security and Governmental Affairs Committee made significant strides by advancing a bill to the full Senate floor. The bill, known as the BIOSECURE Act, aims to safeguard US national security interests by ...