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...The incoming premier has pledged tax cuts for middle-income earners and aid for small businesses after calls to tackle rising costs....
...Millennium Challenge Corporation, a US development agency, has paused work on a five-year grant to the country amid the fallout from June’s elections....
...The chief executive of BCG has said the $12bn consulting firm expects to generate a fifth of its revenues in 2024 from helping corporations integrate artificial intelligence into their businesses, a share...
...Moody’s cited the recent default of Rite Aid, which operated more than 2,300 pharmacies across 17 US states, and the distressed debt exchanges of Belgian consumer goods company Ideal Standard International...
...The House of Representatives is expected to vote this weekend on sending $60bn in new military aid to Kyiv....
...CVS brought in security dogs, Target warned theft was a “significant financial headwind” and Rite Aid blamed “brazen shoplifting” for poor financial results....
...Despite several defeats on the use of state aid law, Vestager has pointed to the backing of the courts in some instances stating that national tax laws must be in line with EU state aid rules....
...On foreign policy, Biden is expected to push Congress to finally back a $95bn package of security aid for Ukraine, Israel and Taiwan....
...[Free to read] However, some hardline Trump supporters in the chamber are not amused by the aid proposals, leaving Johnson facing a possible revolt....
...“We can probably lose Rite Aid and Walgreens or CVS and still be OK,” he said. Additional reporting by Taylor Nicole Rogers...
...Ireland is now setting up a sovereign wealth fund to save windfall tax proceeds, but as the country prepares in January to increase its corporation tax rate to 15 per cent under an OECD deal, corporation...
...(NYT) It appears UK foreign secretary Lord David Cameron did not convince Trump to support more aid for Ukraine....
...No major country has severed diplomatic relations and no big-name multinational corporation has pulled out of the country....
...This resulted in “inappropriate” decisions, including transactions that “may breach” state aid rules, it added....
...The biggest bankruptcies of last year included retailer Rite Aid, helicopter ambulance group Air Methods and co-working company WeWork....
...aid more rapidly than it did....
...US-Israel ties: The attack has increased pressure on American lawmakers to approve new aid for the Jewish state....
...The rise in the tax burden reflects the 2021 increase in the rate of corporation tax and the multiyear freeze in most personal tax thresholds, as well as changes in the underlying economy that have boosted...
...Momentum is growing around a call for a legally binding instrument to fight tax abuse and illicit tax flows, where wealthy individuals and corporations pay their fair share....
...She adds that cybercriminals may view wealthy individuals as easy targets due to their public profile and typically having fewer cyber security precautions than corporations....
...After decades of concentrating production in China and Taiwan, electronic assemblers such as Foxconn, Quanta and Wistron, along with major chip suppliers from TSMC to United Microelectronics Corporation,...
...Bankruptcy fee bonanza Rite Aid advisers raked in millions through bankruptcy. Opioid victims are braced for nothing, Bloomberg writes....
...Having US-listed shares to help fund acquisitions would further aid the North American business’s dealmaking efforts, he said....
...In the UK, despite a spike in inflation and cost of living squeeze, the recent annual report from the Charities Aid Foundation said donations to charity in 2022 still reached a record £12.7bn, up from £10.7bn...
...Biden’s “recent, more strident accusations that greedy corporations are responsible for price increases seem to have won him points”....
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