The United States on Friday increased pressure on Myanmar’s junta in response to the February military coup, adding four companies it said support the military to its trade blacklist and imposing sanctions on key military officials. The U.S. Treasury Department said it imposed sanctions on seven key members of the …
Read More »Tax details of US super-rich allegedly leaked
Details claiming to reveal how little income tax US billionaires pay have been leaked to a news website. ProPublica says it has seen the tax returns of some of the world’s richest people, including Jeff Bezos, Elon Musk, and Warren Buffett. The website alleges Amazon’s Mr. Bezos paid no tax …
Read More »US blacklists 3 Bulgarians, 64 companies over corruption
The United States on Wednesday imposed sanctions on 64 companies and three Bulgarians over corruption, including an oligarch accused of planning to create a conduit for Russian political leaders to influence the Bulgarian government. A statement by the Treasury Department said the move was its single biggest action targeting graft …
Read More »Wall Street sinks amid recessionary fears.
US stocks plunged on Wednesday, with the Dow Jones Industrial Average falling more than 450 points, as investors were spooked by the latest signals from the bond market that pointed to a heightened risk of a recession. US Treasury yields took another dramatic drop and the premium on three-month bill …
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