Wed, March 26, 2025

by: Reuters

Exclusive-Italy pursues payment from Meta, X and LinkedIn in landmark tax case

Italy has handed tax demands to Meta, X and LinkedIn in an unprecedented VAT claim against the U.S. tech giants that could have repercussions across the European Union, four sources with direct knowledge of the matter said on Wednesday.

by: UPI

Britain makes billions in extra welfare cuts amid slower economic growth

The British finance minister announced Wednesday billions in welfare budget cuts to fill a shortfall with stalled growth and higher borrowing costs since the government's first spending plan.

by: Insider

Trump announced new auto tariffs after a rough day in the market for Tesla

Shares of mega-cap tech leaders tumbled Wednesday afternoon after a surprise announcement of auto tariffs from the White House.

by: Fortune

Whitney Wolfe Herd is back as Bumble's CEO, says she experienced complete 'ego death,' and is turning the dating app into the 'Love Company'

Bumble's recently-returned founder envisions a "self-love" app that teaches you to love yourself before loving someone else.

by: WKYC

Here's how to avoid risky investment scams, with tips from Better Business Bureau Cleveland: VERIFY Fast Facts

Scam Tracker Risk Report is out for 2024, and the results show the riskiest scams reported by consumers are investment scams. The thing these scams have in common is they prey on the desire to make money fast,
Thu, March 27, 2025

by: BusinessLIVE

THE FINANCE GHOST: Dashing hopes for a Nike profit sprint

After a tough year, the sports giant struggles to regain momentum amid digital strategy shifts and declining sales

by: GhanaWeb

Parliament approves Growth and Sustainability Levy Amendment Bill 2025

Parliament has passed the Growth and Sustainability Levy Amendment Bill 2025, raising the levy on gold mining companies from 1% to 3% of their gross production.

by: Bloomberg

Jefferies Profit Drops on Pullback in Deals, Capital Markets

Jefferies Financial Group Inc.'s fiscal first-quarter earnings declined amid a drop in investment-banking and capital-markets revenue, with activity hurt by uncertainty around US policy and geopolitics.

by: CCN

BRICS Pushing Forward With Digital Cross-Border Payment System, Russia's Finance Minister Confirms

by: WJHL

East Tenn. vape shop owner testifies against new vape bill in TN Capitol

David Nelson owns Rocky Top Vapor in Johnson City and other cities. He testified against a bill in front of the Finance, Ways, and Means Subcommittee that he said

by: cnbctv18

Jio Financial Services invests ?1,000 crore in subsidiary Jio Finance

The transaction, being between Jio Financial and its subsidiary, qualifies as a related-party transaction but has been executed on an arm's length basis. Shares of Jio Financial Services Limited ended at ₹225.

by: Stockhouse

ARMAMENTS and GOLD! Target prices are rising! Barrick Gold, Deutz, and Globex Mining!

The "Rambo Zambo" billions of Friedrich Merz continue to drive the Deutz share higher. After the solid annual figures, profit-taking seemed likely to set in for the engine manufacturer's shares, but this was misinterpreted!

by: Forbes

Public And Private Cloud: Which One Fits Your Finance Needs?

From my experience as an SAP S/4HANA Solution Architect, selecting between Public and Private Cloud depends on balancing cost, flexibility and control.

by: GOBankingRates

What Is an Unsecured Loan? Pros, Cons and How To Qualify

What is an unsecured loan? It's a loan that doesn't require collateral. Learn how it works, who qualifies and the pros and cons.

by: PCMag

AT&T's Full Autopay Discount Will Soon Require Your Bank Details

To get all of AT&T's autopay discount on a wireless or wired broadband plan, you'll soon have to get into a deeper financial embrace with that company. While the Dallas firm today offers $10 off its monthly rates for payments made automatically from a debit card or a bank account—halved to $5 off for credit-card payments—you will need to store your bank account details with the company to qualify for the $10 saving,

by: BellaNaija

Exquisite Magazine and the Africa Women's CEO Network are set to release their Annual Power List

Exquisite Magazine, in partnership with the Africa Women's CEO Network, is proud to announce the release of its annual Power List, celebrating men and women who champion women's empowerment and inclusion.

by: Ansa

Business ministry OKs ex ILVA commissioners-Baku talks

The Business and Made in Italy Ministry, at the initiative of Minister Adolfo Urso, has authorized the commissioners who have taken over the running of the troubled former ILVA Acciaierie d'Italia (AdI) steelworks in Taranto to start preferential negotiations with an Azerbaijani consortium led by Baku Steel Company (BSC) and by the Azerbaijan Business Development Fund (ABDF),

by: TheStreet

Social Security Strengthens Identity Proofing Requirements and Expedites Direct Deposit Changes to One-Day

The updated measures will further safeguard Social Security records and benefits against fraudulent activity.

by: Euronews

EU rebuffs Russia's demand for sanctions relief and asks for 'unconditional withdrawal' of troops

The "unconditional withdrawal" of Russian forces from the territory of Ukraine is a key precondition to amend or lift sanctions, the European Commission has said in reply to the Kremlin's demand. View

by: Insider

Trump tariffs: 39 imported cars and trucks that are likely to see price hikes

Trump's new round of tariffs are likely to result in price hikes on wide swaths of cars and trucks, not just those assembled in Mexico and Canada.

by: Moneycontrol

Debt and equity fundraising hits all-time high in FY25 even as market sails through jitters

In a contrasting trend, FPIs injected Rs 1.21 lakh crore into the primary market while offloading Rs 2.64 lakh crore in the secondary market.

by: GOBankingRates

10 Most Overpriced Elite US Universities Based on Cost and Starting Salary

Getting a college diploma can make a huge difference in the amount of money you earn. A previous GOBankingRates article found that a bachelor's degree could add an extra $1.5 million in income

by: CNN

The Trump admin accuses EPA of squirreling away $20 billion in 'gold bars.' Here's what's really going on.

Lee Zeldin's allegations of criminal activity led to the resignation of a top DC prosecutor who refused to open a grand jury investigation.

by: Forbes

How AI Agents Are Transforming Business In 2025 And Beyond

So, what does this shift mean for businesses? How will AI agents move from cutting-edge innovation to an everyday necessity?

by: Bloomberg

US Banks Finance Their Own Competition to Tune of $1 Trillion

One of American banks' fastest-growing businesses is lending to the very companies trying to grab their market share.

by: Moneycontrol

Three reasons why Indian bond yield hits 3-year lows and why it points at more rate cuts

The yield on government securities, especially the 10-year benchmark bond, has been witnessing a reduction since the start of this month. Data indicates that it has eased 15 bps so far in March.

by: Investopedia

Do I Need a Personal Accountant?

You know you need to keep your personal finances better organized. Should you hire professional help, and if so, what kind?

by: Kiplinger

Revocable Living Trusts: The Good, the Bad and the Ugly

People are conditioned to believe they should avoid probate at all costs, but when compared with living trusts, probate could be a smart choice for some folks.

by: GOBankingRates

Webster Bank Promotions: Best Offers and Bonuses

Webster regularly offers cash bonuses when you sign up for an account. Find out how to cash in on Webster Bank promotions.

by: Insider

Here's what Elon Musk, the UAW and industry figures are saying about Trump's auto tariffs

Elon Musk said President Donald Trump's tariffs would have a "significant" impact on Tesla, while the UAW said it would help end the "race to the bottom."

by: AOL

What is AP automation and what are the benefits of using it?

Brex explains that instead of going through paper invoices one by one and manually entering data into AP systems, finance teams are using technology to capture, process, and approve payments with greater speed and accuracy.

by: Entrepreneur

Writing a Book? Here's How to Find Your Audience and Become a Bestselling Author

Today's competitive literary landscape demands a nuanced approach to marketing and connecting with target readers. The role of public relations firms is multifaceted, and tailored PR solutions can help modern authors get their books into more hands.

by: Insider

A 23andMe cofounder says the company 'lost its way' under the last leaders

Me cofounder Linda Avey is mourning what the biotech company could have become. The company filed for Chapter 11 bankruptcy protection on Sunday.

by: Investopedia

Tesla Stock Tumbles After Best Stretch Since November Election

Tesla shares fell more than 5% on Wednesday, ending the EV maker's blistering rebound out of a prolonged slump.

by: Moneycontrol

Finance Bill 2025 removes indirect investment tracking for offshore funds, boosts India's appeal for global fund managers

The Finance Bill 2025 has amended the rules so that only direct investments by Indian residents will be considered within the 5 percent safe harbour threshold.

by: Reuters

Sweden proposes state loans for new nuclear reactors

The Swedish government on Thursday proposed state loans and power price guarantees to help companies fund the construction of four new nuclear power plants, part of its strategy to boost electricity output and reduce carbon emissions.

by: Moneycontrol

Finance Bill, 2025, limits tax scrutiny to undisclosed income in search cases

Now, tax authorities can reassess hitherto undisclosed earnings only, and not income that's already been declared.

by: Moneycontrol

Midcap and smallcap volatility may persist, but stay the course with your SIPs

The midcap and smallcap segments remain vulnerable to liquidity shocks, and in case of sharp corrections, they are typically the first to fall and the last to recover.

by: Reuters

Ethos rejects UBS pay, buybacks and sustainability report

Proxy advisory firm Ethos on Thursday urged UBS shareholders to reject the bank's remuneration, share buyback program and sustainability report at its upcoming annual general meeting.

by: Reuters

UK government's own estimate says welfare cuts to push 250,000 into poverty

Welfare cuts announced by Britain on Wednesday will drive 250,000 into relative poverty by the end of the decade and leave millions of families with less cash, according to the government's own estimates.

by: Moneycontrol

Pension Loan Explained: How it works, interest rates, eligibility and other key factors

A pension loan offers retirees easy access to funds with minimal paperwork and lower interest rates, using their pension as proof of income. It's a practical option for covering expenses like medical bills or home repairs without the hassle of traditional loans.

by: Reuters

Santander and BBVA seek favourable capital treatment from ECB, Cinco Dias reports

Spanish lenders Santander and BBVA are negotiating with the European Central Bank (ECB) to get a more favourable capital treatment for their holdings in insurance businesses, Spanish newspaper Cinco Dias reported on Thursday.

by: Moneycontrol

Growth-friendly RBI governor Malhotra raises rate cut hopes

India's new central bank governor has marked his first 100 days in office with a growth-friendly approach to monetary policy, suggesting he'll be willing to cut interest rates further and keep liquidity flush as the economy braces for trade turmoil.

by: Reuters

Wall St tumbles on tariff worries; Nvidia and Tesla drop

Wall Street stocks tumbled on Wednesday, dragged down by losses in Nvidia and Tesla as investors awaited information about forthcoming U.S. tariffs expected to be enacted next week. In the latest development,

by: Reuters

Is Britain on the cusp of another multibillion-pound consumer finance scandal?

The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain's financial industry billions of pounds in fresh legal costs and potential customer compensation.

by: Reuters

Explainer: Is Britain on the cusp of another multibillion-pound consumer finance scandal?

The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain's financial industry billions of pounds in fresh legal costs and potential customer compensation.

by: Reuters

China tells state firms to halt deals with Li Ka-shing and his family, Bloomberg News reports

China has instructed state-owned firms to pause new deals with businesses linked to Hong Kong billionaire Li Ka-shing and his family after his plan to sell two ports in Panama to a BlackRock-led consortium,

by: Reuters

Microsoft pulls back from more data center leases in US and Europe, analysts say

Microsoft has abandoned data center projects set to use 2 gigawatts of electricity in the U.S. and Europe in the last six months due to an oversupply relative to its current demand forecast, TD Cowen analysts said on Wednesday.

Exclusive-Italy pursues payment from Meta, X and LinkedIn in landmark tax case

Italy has handed tax demands to Meta, X and LinkedIn in an unprecedented VAT claim against the U.S. tech giants that could have repercussions across the European Union, four sources with direct knowledge of the matter said on Wednesday.

Italy is actively pursuing tax payments from major tech companies Meta, X (formerly Twitter), and LinkedIn, marking a significant move in the ongoing debate over digital taxation. The Italian Revenue Agency has issued notices to these companies, asserting that they owe taxes on the income generated from Italian users, despite the firms being headquartered abroad. This case could set a precedent for how digital services are taxed globally, especially as countries grapple with how to tax digital giants that operate across borders but often declare profits in low-tax jurisdictions. The tax claims are based on the premise that these platforms derive substantial economic value from Italian users, and thus should contribute to the Italian tax base. This initiative reflects Italy's broader strategy to ensure that multinational tech companies pay their fair share of taxes, aligning with similar efforts seen in other European countries.

Read the Full Reuters Article at:
https://www.msn.com/en-us/money/economy/exclusive-italy-pursues-payment-from-meta-x-and-linkedin-in-landmark-tax-case/ar-AA1BJqUM