New Cess on Sin Goods: Potential 35% Tax Hike Looms
The Indian government is considering a new 35% special rate of GST on sin goods, such as tobacco, cigarettes, and soft drinks, as a starting point for the post-compensation cess er...
Business News
UK Regulator to Investigate BlackRock's $3.2 Billion Acquisition of Preqin
The UK's Competition and Markets Authority is launching an inquiry into BlackRock's acquisition of Preqin, examining whether the deal could result in a substantial lessening of com...
AT&T Announces Massive $10 Billion Share Buyback Plan
AT&T Inc. has announced a $10 billion common stock repurchase scheme, aiming to complete the buyback by the end of 2026. The company also envisions another $10 billion of share buy...
Intel's Gelsinger to Receive Over $7 Million in Severance Pay
Former Intel CEO Pat Gelsinger, who retired effective December 1, will receive over $7 million in severance pay, according to a filing with the United States Securities and Exchang...
Amazon Smashes Holiday Sales Records: Alexa Devices and More Fly Off Shelves
Amazon.com Inc. announced that its Black Friday week and Cyber Monday deal event was the biggest Thanksgiving holiday shopping event ever. Sales of Alexa-enabled devices, including...
Exxon Mobil Taps Former GM President to Lead Oil and Gas Division
Exxon Mobil announced that Dan Ammann, former president of General Motors, will become president of its oil and gas production division, effective February 1, 2025. Ammann has been...
Amazon Unveils 'Ultracluster': A Revolutionary AI Supercomputer
Amazon Web Services announces 'Ultracluster,' a revolutionary AI supercomputer powered by Trainium chips, set to launch in 2025 and support AI startup Anthropic. The Ultracluster o...
South Korea's Martial Law Declaration Raises Concerns in Kremlin
The Kremlin is closely monitoring the situation in South Korea, where President Yoon Suk-yeol has declared martial law. Kremlin spokesman Dmitry Peskov described the situation as a...
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