The Nigerian government has phased out the previous personal income tax laws, introducing a new rent-based deduction capped at N500,000 for tenants.
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India's Modi dangles tax cuts as US tariffs loom
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FG opens registration for free financial training on investing, forex trading, entrepreneurship
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Xi inaugurates South America's first Chinese-funded port in Peru
Chinese President Xi Jinping on Thursday inaugurated Latin America's first Beijing-funded port in Chancay, Peru -- a symbol of the Asian superpower's growing influence on the continent as it prepares to face off with a new Donald Trump administration.
Policymakers defend Fed independence amid concerns about Trump era
Two senior Federal Reserve officials praised the US central bank's independence on Thursday, amid concerns that President-elect Donald Trump may seek to influence Fed policy. Analysts have raised concerns that the Fed's independence could come under strain in the next Trump administration, given the views expressed by the president-elect.
Fed Chair calls US the best-performing major economy in the world
The recent performance of the US economy has been "the best of any major economy in the world," Federal Reserve Chair Jerome Powell said Thursday, a week after the bank cut interest rates for a second consecutive meeting. "The recent performance of our economy has been remarkably good, by far the best of any major economy in the world," he said.
New York to revive driver congestion charge plan, drawing Trump ire
New York said Thursday it will revive a controversial scheme to charge drivers entering parts of the city, a first in the United States, putting local authorities on a collision course with President-elect Donald Trump. Republican lawmakers have called on Trump to intervene in the case to terminate the revived plan, with the former president previously vowing to kill the scheme if elected.
'Harness the now': British singer Imogen Heap embraces AI
Unlike the bulk of her peers, Grammy-winning British singer Imogen Heap is embracing the use of artificial intelligence (AI) in her music as well to set up a music collaboration platform. - Stop the steal - Heap is also working with start-up Jen, a platform for generating music using AI, which advocates respect for copyright.
China's Xi arrives in Peru for APEC summit, Biden meeting
Chinese President Xi Jinping arrived in Peru Thursday for an Asia-Pacific summit where he will meet US counterpart Joe Biden under the shadow of a looming trade war with the incoming Donald Trump administration.
New York to revive driver congestion charge plan
New York said Thursday it will revive a controversial scheme to charge drivers entering parts of the city, a first in the United States, putting local authorities on a collision course with President-elect Donald Trump. Republican lawmakers have called on Trump to intervene in the case to terminate the revived plan, with the former president previously vowing to kill the scheme if elected.
Sotheby's to pay $6.25 mln in tax fraud case
The auction house Sotheby's will pay $6.25 million to settle charges that it helped art buyers avoid paying taxes. It said the auction house encouraged buyers to state fraudulently that they were acquiring works for resale later.
Satirical US outlet The Onion buys conspiracy site Infowars
Satirical news outlet The Onion said Thursday it had acquired Infowars, a conspiracy-laden website whose owner made money by running stories that called one of America's most notorious school shootings a hoax. A famous headline that The Onion runs after mass shootings is, "'No Way To Prevent This,' Says Only Nation Where This Regularly Happens."
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