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Less tax, more luxury: millionaires flock to Dubai
Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy and easy luxury lifestyle that has become harder to maintain elsewhere. Some are pushed out by a stricter taxation policy for people with "non-dom" status -- those who live in Britain but whose permanent domicile is abroad and had benefitted from no tax on income earned outside the country.
Google to provide Gemini AI tools to US government
Google will provide its Gemini artificial intelligence tools to US federal agencies practically free, the government announced Thursday.
EU gets 15% US tariff for cars, fails to secure wine reprieve
Details of a US-EU trade deal published Thursday showed Brussels secured a tariff reduction for cars exported to the United States but failed to win a reprieve for its cherished wine sector.
Russian fuel prices surge after Ukraine hits refineries
Russian fuel prices are at near-record highs, stock exchange data showed Thursday, after a slew of Ukrainian attacks on refineries caused breakdowns during the travel season.
Walmart lifts outlook for sales, earnings despite tariffs
Big-box retailer Walmart hiked its outlook for sales and some earnings in results released Thursday, even as costs of goods imported to the United States rose after President Donald Trump's wide-ranging tariffs this year. In an earnings presentation released Thursday, Walmart maintained that it had "strong inventory management," but that there were also higher costs for imported goods. elm-bys/aha
Microsoft re-joins handheld gaming fight against Nintendo's Switch
The record launch in June for the Nintendo Switch 2, a game console that can be played at home or on the go, heralds a new portable race that Microsoft aims to win with a handheld version of its Xbox.
German firm gives 'second life' to used EV batteries
A German company is putting used electric vehicle batteries to new use by stacking them into fridge-size units that homes and businesses can use to store their excess solar and wind energy.
Africa could become 'renewable superpower', says Guterres
Africa has everything it takes to become a "renewable superpower", UN head Antonio Guterres said Thursday, as he called for greater investment in green energy across the resource-rich continent. "Africa has everything it takes to become a renewable superpower, from solar and wind to the critical minerals that power new technology," he said.
Asian markets creep up as investors await key speech
Asian markets edged mostly upward in muted morning trading on Thursday, one day before a key speech expected to offer signals about future interest rate cuts in the United States. Despite the building unease, shares in Seoul were up Thursday morning, bolstered by a rise in Samsung's price.
AFP
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