43 m. ago The G7 has once again put multinationals’ profits over the interests of people

Acceding to US demands to exempt its companies from an agreed global tax deal is morally and financially indefensibleThe US Treasury just made a deal with the other G7 countries that global minimum taxes that were already agreed upon will not apply to American companies. The G7 governments caved under intense pressure from President Donald Trump and lobbying from multinationals in Washington, London, Brussels, and beyond – just as India, and now, sadly, Canada have caved on digital taxation.Years ago, the international community recognised that too many global companies were not paying their fair share of taxes, and some weren’t paying taxes to the country where the economic activity actually occurs. The complex agreement that emerged in 2021 at the OECD/G20 Inclusive Framework on Base Erosion and Profit Shifting comprised two pillars; only Pillar Two, a global minimum corporate tax, has been adopted. (The other pillar allocated taxation rights among countries and spurred opposition...

Economics

46 m. ago Paramount agrees to pay Trump $16 million to settle ‘60 Minutes’ lawsuit CBS News called ‘meritless’

Paramount, the parent company of CBS News, has agreed to pay Donald Trump $16 million to settle the president’s lawsuit over the editing of a 60 Minutes interview with Kamala Harris that the network's lawyers had deemed “meritless” in recent court filings.

Economics

1 hour ago He was the EU’s great Brexit survivor. Can Maroš Šefčovič now pull off a trade deal with Trump?

EU’s longest-serving commissioner faces arguably his sternest test with the clock ticking before 9 July deadlineIn May 2019 Maroš Šefčovič was travelling with Donald Trump and his entourage to a liquefied natural gas export terminal in Hackberry, Louisiana. The then European Commission vice-president in charge of energy had flown with Trump onboard Air Force One, calling his wife as the privilege of a first-time flyer on the presidential plane. Once at the facility, Trump gave a typically rambling speech, in which he name-checked Šefčovič from the stage, pointing into the crowd like a gameshow host: “Maroš, thank you very much. Thank you.”“Of course,” recalled someone familiar with the day, “when Trump pronounced his name it was a bit of a disaster”. But for a top-ranking official of a multilateral organisation, this warm welcome was probably as good as it gets when it comes to the US president. Continue reading...

Politics

4 h. ago US halts weapons shipments to Ukraine over fears stockpiles are too low

Some shipments have been stopped ‘to put America’s interests first’, White House saysSee all our Ukraine war coverageThe US is halting some shipments of weapons to Ukraine amid concerns that its own stockpiles have declined too much, officials said Tuesday, a setback for the country as it tries to fend off escalating attacks from Russia.Certain munitions were previously promised to Ukraine under the Biden administration to aid its defences during the more than three-year-old war. The pause reflects a new set of priorities under President Donald Trump and came after defence department officials scrutinised US stockpiles and raised concerns. Continue reading...

Events

7 h. ago New Trump portrait donated by White House hangs in Colorado Capitol after earlier one drew his ire

A presidential portrait with Donald Trump’s approval now hangs in the Colorado Capitol after his complaints got a previous one of him taken down

Politics

7 h. ago Donald Trump's 'devastating' bill passed by Senate GOP as warning issued to Americans

The Republican-controlled Senate narrowly passed the centerpiece of President Donald Trump's legislative agenda, a move that has been called "devastating" by the Democrats

Events

7 h. ago The Latest: Senate passes Trump tax bill after turbulent all

Senate Republicans have narrowly passed President Donald Trump’s tax breaks and spending cuts bill after a tense overnight session

Politics

7 h. ago Photos of Trump touring an immigration detention center dubbed 'Alligator Alcatraz'

President Donald Trump toured a newly built immigration detention center in the Florida Everglades surrounded by alligator-filled swamps and nicknamed “Alligator Alcatraz.” He praised it as a model for future nationwide facilities aimed at accelerating deportations, including possibly deporting U.S. citizens.

Politics

10 h. ago ‘Music to my ears’: Trump welcomes Senate passage of his sweeping tax and spending bill – live updates

Vice-president JD Vance was in the chamber to break the tie after three Republicans voted against president’s sweeping tax and spending billWhat’s in Trump’s big, beautiful bill? Tax cuts, deportations and moreThe senate has adopted an amendment offered by Republican senator Joni Ernst – who represents Iowa - to prevent jobless millionaires from claiming unemployment compensation.Lawmakers voted 99-1 to strike the AI regulation ban from the bill by adopting an amendment offered by Republican senator Marsha Blackburn. Continue reading...

Economics

12 h. ago Trump threatens to throw 'bad' citizens 'the hell out' of the U.S. as his next major action

President Donald Trump warned American criminals they may be the next inhabitants of the 'Alligator Alcatraz' facility as he expressed his wish to have more built.

Politics

12 h. ago ‘Music to my ears’: Trump welcomes Senate passage of ‘big, beautiful bill’ – live updates

Vice-president JD Vance was in the chamber to break the tie after three Republicans voted against president’s sweeping tax and spending billWhat’s in Trump’s big, beautiful bill? Tax cuts, deportations and moreThe senate has adopted an amendment offered by Republican senator Joni Ernst – who represents Iowa - to prevent jobless millionaires from claiming unemployment compensation.Lawmakers voted 99-1 to strike the AI regulation ban from the bill by adopting an amendment offered by Republican senator Marsha Blackburn. Continue reading...

Politics

12 h. ago New Trump portrait hangs in Colorado capitol months after president’s outburst

New White House-approved painting was donated after Trump described the original as ‘purposefully distorted’Months after Donald Trump expressed strong negative opinions about a presidential portrait of him in the Colorado state capitol that he described as “purposefully distorted”, a White House-approved replacement now hangs in its place.The new portrait, which Trump reportedly demanded be printed with a golden border so it would catch the light and “glimmer”, bears a close resemblance to Trump’s official second-term photograph, which hangs in more than 1,600 federal buildings across the US and thousands more on a voluntary basis. Continue reading...

Politics

12 h. ago Tesla stock drops as Trump and Musk reignite their feud and president suggests deporting tech mogul

Trump says ‘monster’ DOGE ‘might have to go back and eat Elon’

Politics

13 h. ago Can Trump deport Elon Musk? US citizenship explained as Battle of the Billionaires hots up

US President Donald Trump has threatened to deport billionaire rival Elon Musk as their intense feud ramps up, but what are the chances of this happening?

Politics

14 h. ago Dutch king now accused of 'power move' in Trump meeting after Queen denies she mocked his voice

A viral moment between King Willem-Alexander of the Netherlands and US President Donald Trump has sparked heated debate online.

Politics

14 h. ago Federal Reserve chair blames Trump’s tariffs for preventing interest rates cut

Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reducedThe chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded.Trump has repeatedly urged Powell to reduce borrowing costs in the US economy. He posted a hand-scrawled note on his Truth Social platform on Monday, saying: “You have cost the USA a fortune – and continue to do so – you should lower the rate by a lot!” Continue reading...

Politics

14 h. ago Federal Reserve chair blames Trump’s tariffs for preventing interest rate cuts

Jerome Powell says inflationary impact of the president’s trade policies needs to be assessed before borrowing costs can be reducedThe chair of the Federal Reserve, Jerome Powell, has blamed Donald Trump’s tariffs for preventing the immediate interest rate cuts the president has demanded.Trump has repeatedly urged Powell to reduce borrowing costs in the US economy, and on Monday posted a hand-scrawled note on his Truth Social platform saying: “You have cost the USA a fortune – and continue to do so – you should lower the rate by a lot!” Continue reading...

Politics

14 h. ago Iranian hackers threaten to release treasure trove of White House emails

Same hacking group released troves of emails stolen from Trump’s presidential campaign to reporters last year

Events

14 h. ago Obama and Bush call Trump’s USAID closure a ‘travesty’ as report warns of 14 million extra deaths

Former presidents Barack Obama and George W Bush and singer Bono send emotional message to staff as organisation closesBarack Obama and George W Bush have criticised the closure of the US Agency for International Development (USAID), as a study warned it could result in “a staggering number” of avoidable deaths – more than 14 million over five years.The former US presidents made rare public criticisms of the Trump administration as they took part in a video farewell for USAID staffers on Monday on its last day as an independent organisation. Continue reading...

Events

15 h. ago Tesla shares in death spiral after Trump's ruthless claim about Elon Musk's companies

President Trump and Elon Musk are fighting again. Now, Trump has upped his threat.

Politics