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G7 leaders will endorse proposed global minimum corporate tax, White House says

By supporting the move, major economies are aiming to discourage multinationals from shifting profits to low-tax countries ....

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First Lady Jill Biden shares the love in a $500 Zadig & Voltaire blazer

President Joe Biden s wife wore the rhinestone emblazoned jacket to meet UK Prime Minister Boris Johnson ....

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US says Houthis bear 'major responsibility' for fighting in Yemen

US special envoy Tim Lenderking finds that rebels are blocking moves towards ceasefire and peace ....

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Iran's supreme leader calls for action, not promises, on nuclear deal

Ayatollah Ali Khamenei was speaking on the anniversary of the death of his predessor, Ruhollah Khomeini ....

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US watchdog mulls guidance to curb growth projections by listed SPAC companies

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The US securities regulator is considering new guidance to rein in earnings growth projections made by listed blank-cheque companies, and clarify when they qualify for certain legal protections, according to sources.
The previously unreported measures being weighed by staff at the Securities and Exchange Commission (SEC) would escalate its crackdown on the deal frenzy in special purpose acquisition companies, or SPACs, which it worries is putting investors at risk.
The SPAC market had already started to lose steam after the SEC earlier this month suggested warrants issued by SPACs should be accounted for as liabilities instead of equity instruments, and the potential new guidance could compound that slowdown. ....

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