U S GOVERNMENT
Elon Musk scorned "shady" loopholes, yet offshore tax tricks likely saved Tesla hundreds of millions
Tesla has reportedly saved over 400 million dollars on US taxes. This was achieved through a financial maneuver involving its units in the Netherlands and Singapore. These units posted 18 billion dollars in profits that were not taxed in those countries. This practice allowed Tesla to reduce its tax bill in the United States.
Nitish Kumar to monitor Bihar development despite stepping down as CM
Nitish Kumar will continue to oversee development work in Bihar. He will spend most of his time in the state, touring it to ensure progress continues. This comes after he stepped down as Chief Minister last week. The JD(U) leader will focus on parliamentary sessions in Delhi. His son, Nishant, has been accepted as the party's future leader.
World awaits fate of ceasefire after US seizes Iranian ship
Concerns over a ceasefire collapse grew as the U.S. seized an Iranian cargo ship, prompting Iran to vow retaliation and reject further peace talks. The incident jeopardizes efforts for regional peace, with Iran citing blockades and U.S. demands. Oil prices surged amid fears of continued Gulf traffic disruptions.
Four candidates for UN secretary-general audition this week. That's far fewer than in 2016
Four candidates are vying to become the next United Nations Secretary-General. This selection process unfolds in a world marked by deep divisions and a weakened UN. The candidates will face questions from member nations. The race is less crowded than a decade ago, reflecting current geopolitical realities. The United Nations faces challenges in maintaining global peace and security.
Investors pile into US stocks as 'TINA' revival knocks 'TIARA' trades
A U.S.-Iran ceasefire has revived "TINA" trades, boosting U.S. equities to record highs as investors favor the world's largest economy. Despite previous outflows, global investors have poured billions into U.S. stocks, driven by peace hopes, strong earnings growth, and relative insulation from energy shocks. The S&P 500 now surpasses pre-war levels, signaling a robust U.S. economic outlook.
Mark Carney says Canada's economic ties with US are a weakness that must be corrected
Canada's close economic ties with the United States are now a weakness, according to Prime Minister Mark Carney. He announced efforts to strengthen Canada's economy by attracting new investments and signing trade deals with other nations. Carney emphasized the need for Canada to rely less on a single foreign partner.
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Trump tariffs refunds start from Monday. Check timings, online portal, who can apply
Trump Tariffs Refunds: Importers and their brokers will be able to begin claiming refunds through an online portal.
US-Iran war: Tehran doubles down on closing the Strait of Hormuz as the ceasefire nears expiration
US-Israel war with Iran: Tehran is maintaining its blockade of the Strait of Hormuz. This action continues as long as the United States maintains its blockade of Iranian ports. Mediators are working to extend a ceasefire between the two nations. Tensions remain high as the war enters its eighth week. The situation threatens global energy supplies and regional stability.
US backs a South Africa project to extract rare earths despite a diplomatic clash
A U.S.-backed project in South Africa aims to extract rare earth elements from industrial mining waste, a move supported by a $50 million investment to reduce reliance on China. The Phalaborwa Rare Earths Project, developed by Rainbow Rare Earths, targets critical minerals essential for high-tech products and defense systems, with extraction planned to begin in 2028.
Iran war has revealed Trump's pressure point: the economy
Iran's actions in the Strait of Hormuz have revealed a key vulnerability for President Trump. The conflict has led to rising energy costs and inflation, impacting American consumers. This economic pressure is forcing Trump to seek a diplomatic solution. Adversaries like Russia and China are observing these developments.
Keir Starmer’s Mandelson problem deepens — now it could cost him the top job
British Prime Minister Keir Starmer is under intense scrutiny. His choice of Peter Mandelson as US ambassador has resurfaced. Questions are being raised about how Mandelson secured the position. Starmer is accused of misleading Parliament. This comes after Mandelson's initial security clearance was denied. The situation threatens Starmer's promise of integrity in government.
Anthropic CEO to meet White House chief of staff amid Pentagon AI dispute: Report
Anthropic CEO Dario Amodei is slated to meet White House chief of staff Susie Wiles on Friday, in a sign of a breakthrough in the artificial intelligence startup's dispute with the Pentagon, Axios reported.
US Stocks|Drone maker AEVEX valued at $2.6 billion as shares rise in NYSE debut
AEVEX made a striking entrance on the New York Stock Exchange, with its shares jumping 15% on debut. This significant increase points to a heightened investor enthusiasm for companies in the defense industry, especially given the current global unrest.
Market shock ahead? Ex-Treasury secretary warns of ‘vicious’ bond crash coming
Former U.S. Treasury Secretary Henry Paulson warns of a possible bond market crash due to rising U.S. debt and interest rates. He says risks are growing but not immediate. Experts fear a debt “doom loop.” The crisis could hit global markets and crypto like Bitcoin, first negatively, then possibly positively later.
What's in the Lebanon ceasefire deal and will it hold?
A groundbreaking ceasefire has been brokered between Israel and Lebanon with American assistance, setting the stage for more extensive discussions on regional stability. The agreement, effective for ten days, sees Israeli forces maintaining a strategic position in southern Lebanon, while the Lebanese government pledges to prevent any further aggression.
Indian refiners pay for Iran oil in yuan via ICICI Bank, sources say
Indian refiners are making payments for Iranian oil using Chinese yuan. This is happening through ICICI Bank's Shanghai office. Indian Oil and Reliance have bought shipments under a temporary U.S. sanctions waiver. This payment method has not been previously reported. India has also used yuan for Russian oil. The U.S. waiver on Iranian oil is set to expire soon.
US expands visa restriction policy targeting individuals linked to adversarial activity in Western Hemisphere
America has tightened its visa rules. Foreign nationals working for rival nations in the Western Hemisphere will now be blocked from entering the US. This move aims to protect national security and regional stability. Immediate family members of these individuals are also affected. The State Department has already placed restrictions on 26 people under this new policy.
Starlink outage hit drone tests, exposing Pentagon's growing reliance on SpaceX
US Navy tests of unmanned vessels were disrupted by Starlink outages, highlighting the military's growing reliance on Elon Musk's satellite network. Despite its crucial role in programs like drone operations and missile tracking, these incidents reveal potential vulnerabilities in national security capabilities due to dependence on a single provider.
Starmer faces calls to resign as UK government admits ambassador to US failed vetting process
Prime Minister Keir Starmer faces calls to resign. Peter Mandelson, former ambassador to the US, was initially denied security clearance. This emerged after his links to Jeffrey Epstein became public. Mandelson was later fired from his ambassadorial post. Opposition leaders demand Starmer's resignation if he misled Parliament. British police are investigating the matter.
Oil Price Today (April 17): Crude oil prices fall on Israel-Lebanon ceasefire, Iran war peace talks. Is the worst over?
Oil prices dipped as Middle East tensions eased with a Lebanon-Israel ceasefire and potential US-Iran talks. President Trump indicated a deal with Iran was close, following a 10-day truce that removes a key obstacle to negotiations. Experts anticipate continued volatility but expect prices to remain supported.
Australia boosts military spending as Iran war makes global impact
Australia is boosting its defense budget. Defense Minister Richard Marles announced an additional 53 billion Australian dollars over the next decade. This move aims to enhance national security amid a complex global environment. The strategy emphasizes self-reliance while maintaining key alliances, particularly with the United States. A major investment includes a fleet of nuclear-powered submarines.
Pakistani delegation arrives in Tehran in move to ease tensions and arrange more US-Iran talks
Pakistan's army chief is in Tehran for talks aimed at easing Middle East tensions. This visit is part of ongoing mediation efforts for a second round of negotiations between the United States and Iran. A fragile ceasefire is in place, but challenges remain. Regional officials report progress in discussions. Meanwhile, Israeli forces continue operations in Lebanon following diplomatic engagement.
BJP takes the driver’s seat, but must stay the course set by Nitish
With Nitish Kumar stepping down as Chief Minister, Bihar is entering a new political phase that strengthens the role of the Bharatiya Janata Party within the NDA alliance. His exit raises questions over the future of the “Nitish model” of caste balance and welfare-driven governance, particularly his outreach to women and backward communities. While the BJP-led government under Samrat Choudhary is expected to continue key policies, the JD(U)’s influence is likely to shift toward organisational consolidation at the grassroots level amid concerns over preserving Nitish Kumar’s political legacy.
US Senator Warren voices concern over Nvidia's acquisition of Slurm
Senator Elizabeth Warren has raised concerns regarding Nvidia's acquisition of SchedMD. This move potentially grants Nvidia significant control over critical software powering US government supercomputers. Warren is seeking information on the extent of government dependency on Nvidia's technology. The acquisition could impact national security and competition in the high-performance computing sector.
AI ruling prompts warnings from US lawyers: Your chats could be used against you
Lawyers in the US are cautioning clients about using AI chatbots for legal matters. Recent court rulings indicate that conversations with AI like Claude and ChatGPT may not be protected by attorney-client privilege. This means sensitive case details shared with AI could be revealed to prosecutors or opposing parties in legal disputes.
China dismisses US accusations of military pressure on Taiwan
Beijing has accused Washington of distorting facts and harbouring malicious intentions concerning China's military activities around Taiwan. A Chinese spokesperson stated that Taiwan is an internal affair and warned the US to handle related matters prudently. This comes after the US urged China to cease military pressure on the island.
Mark Carney clinches majority government in Canadian special elections
Canadian Prime Minister Mark Carney's Liberal government has secured a parliamentary majority. This win grants him the power to advance his legislative agenda in a world facing geopolitical uncertainty. The Liberal party gained the University-Rosedale riding in a special election. This victory strengthens Carney's position to address trade disputes and govern Canada until the next national elections.
Anthropic talking to the Trump administration about its next AI model, cofounder says
AI firm Anthropic is engaging with the Trump administration about its advanced AI model, Mythos. This comes even after the Pentagon halted business with Anthropic due to a contract dispute over AI tool usage. Anthropic emphasizes its commitment to national security. The company is sharing details about Mythos, an AI capable of autonomous actions and high-level coding.
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