The Internal Revenue Service has announced a higher estate and gift tax exemption for 2025. The “basic exclusion amount” rises to $13.99 million per person in 2025, up from $13.61 million in 2024, the agency said Tuesday. The exemptions apply to tax-free transfers during life and at death. The IRS also boosted figures for dozens … Read more
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Qatar Airways Group CEO Badr Al Meer (center) and Qatar Tourism Chairman Saad bin Ali Al Kharji (left) speak with Elon Musk (right) via Starlink on board the flight. Qatar Airways Qatar Airways launched Tuesday its inaugural Boeing 777 flight equipped with Elon Musk’s Starlink internet, paving the way for a new era of in-flight … Read more
Much of the world has managed to successfully lower inflation and engineer an economic soft landing, avoiding recession, but faces rising geopolitical risks and weaker long-term growth prospects, according to the International Monetary Fund. Global headline inflation will fall to 3.5% on an annual basis by the end of 2025, from an average 5.8% in … Read more
File: Mike Jeffries, then Abercrombie & Fitch CEO in 2005. Michael Loccisano | FilmMagic | Getty Images Former Abercrombie & Fitch CEO Mike Jeffries was arrested in Florida and faces sex trafficking-related charges, a spokesman for federal prosecutors in Brooklyn, New York, told CNBC on Tuesday. Two of Jeffries’ associates, Matthew Smith of West Palm … Read more
Russia’s embassy in Sudan has said it is investigating reports that a cargo plane with Russian crew was shot down in Darfur, a key battle ground in the civil war between the army and the paramilitary Rapid Support Forces (RSF). The aircraft, identified as a Russian-made lyushin Il-76, was on a mission to deliver equipment … Read more
At least six people have died as a result of Hurricane Oscar in Cuba, the country’s president, Miguel Díaz-Canel, has confirmed. Oscar made landfall as a category one hurricane near the city of Baracoa in eastern Cuba on Sunday afternoon local time before weakening to a tropical storm. The province of Guantánamo was the worst … Read more
An Australian says “you can’t get any better than that” after meeting King Charles and Queen Camilla in Sydney. Source link
The former CEO of fashion giant Abercrombie & Fitch and his British partner have been arrested and are facing sex trafficking charges, the BBC understands. Mike Jeffries, his partner Matthew Smith and the couple’s alleged middle-man were arrested on Tuesday morning. The FBI and prosecutor’s office are expected to announce more details at a press … Read more
An Iranian plot to assassinate a “senior Israeli scientist and a mayor of a major Israeli city” has been busted, with seven suspects from Jerusalem being taken into custody, officials say. The individuals from Jerusalem’s Beit Safafa neighborhood – who also were tasked with bombing a police car and throwing a grenade at a house … Read more