Business

VAT cut to be applied to Manx electricity bills

The 0% rate from October will apply to domestic customers and eligible firms on the Isle of Man.

T-Mobile earnings rise as customers pour into premium plans

The wireless carrier has focused on amassing “higher quality accounts” after introducing new plans last year.

US Court Orders Argentina to Pay $391M for Airline Seizure

A US appeals court confirmed Argentina must pay over US$390.9 million over the 2008 nationalization of Aerolíneas Argentinas — as the airline finally turns a profit. The post US Court Orders Argentina to Pay $391M for Airline Seizure…

European semiconductor stocks diverge as investors weigh AI demand, growth expectations

Comcast's Peacock records first ever profit on World Cup, 'Love Island USA' boost

Dangote Reverts to Pricing Gasoline in Naira After Dollar Switch

Dangote Petroleum Refinery & Petrochemicals Fze reverted to the sale of petroleum products in naira, a week after switching to sales in US dollars.

Former head of Japanese barbecue chain arrested over tax evasion

The 55-year-old former president of New Look is suspected of evading some ¥367 million in income tax by concealing about ¥2.276 billion in income in 2023.

AI Debt Competing with Treasuries Is Adding to Lofty US Yields

The US 30-year bond yield has held above 5% for the longest stretch since the start of the financial crisis.

T-Mobile raises free cash flow forecast as customers migrate to premium plans

Argentina’s Fiscal Innocence Plan Targets US$170 Billion

Luis Caputo’s relaunched fiscal innocence plan lets Argentines bank hidden dollars without questions, targeting an estimated US$170 billion held outside the system. The post Argentina’s Fiscal Innocence Plan Targets US$170 Billion appeared…

AI, Climate Change Are Creating a Perfect Storm for US Power Grids

A perfect storm is brewing for more grid emergencies and service disruptions.

T-Mobile Beats on Wireless Accounts as Loyalty Perks Pay Off

T-Mobile US Inc. reported growth in wireless accounts during the second quarter that beat analysts’ estimates, continuing a winning streak for the Bellevue, Washington-based carrier that has successfully capitalized on customer loyalty…