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Baldwin, Khanna propose new direct foreign investment review board to probe Trump's deals
Sen. Tammy Baldwin and Rep. Ro Khanna are introducing a bill Thursday to establish a federal review board for direct foreign investment in the U.S., as President Donald Trump courts global ventures as part of trade deals he makes with nations around the globe. The bill, shared exclusively with CNBC before it is introduced, would create the "Foreign Investment Review Authority" as an independent executive branch authority. The panel would be responsible for reviewing direct foreign...
ITR filing FY 2025-26: Top 10 points to check before submitting tax return
It is that time of the year again, when focus shifts to Income Tax Return(‘ITR’) filing. The tax filing deadline for the Financial Year (‘FY’) 2025–26 is approaching and taxpayers have commenced to gather documents like Form No. 16, other tax deduction statements, investment proofs, bank interest statements, capital gains reports, and other necessary financial information for preparing and filing their tax returns. Besides compliance, ITR also serves as a vital document frequently reviewed...
China expands curbs on foreign deals, tech transfer after Meta-Manus block
China expands curbs on foreign deals, tech transfer after Meta-Manus block The framework, which takes effect Jul 1, provides a comprehensive and formalised legal basis for China to force the unwinding of completed overseas transactions. China issued sweeping new rules on Monday (Jun 1), tightening control of overseas deals that involve Chinese investors, technology, data and national security, a month after Beijing ordered Meta to unwind its acquisition of AI startup Manus. The regulations,...
Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14
Paramount, Warner Bros deal under EU subsidy scrutiny, decision due July 14 BRUSSELS, June 10 : Paramount Skydance Corp's $110 billion takeover of Warner Bros Discovery, backed by Gulf sovereign wealth funds, is under European Union subsidy scrutiny, according to a European Commission filing. The U.S. entertainment giant sought EU approval under its Foreign Subsidies Regulation, which targets unfair foreign state aid, on Tuesday. The Commission, which acts as the EU competition enforcer,...
E.U. reviewing Paramount-Warner merger over Middle Eastern wealth funds’ backing
European Union regulators are studying Paramount Skydance’s prospective takeover of Warner Bros. Discovery over the deal’s financial backing from three Middle Eastern sovereign wealth funds, according to a public filing. The inquiry, publicly confirmed Wednesday, deepens the scrutiny of a corporate tie-up that would unite two historic Hollywood studios under the same roof and reshape the American entertainment industry. Paramount, which agreed to buy Warner in February for $110 billion,...
The back-channel bid to go soft on Maduro
When Marco Rubio was named secretary of State, many in both South Florida Republican circles and the American energy industry exulted. But one man who bridged both worlds knew he had a problem. A longtime investor in Venezuela, the main source of crude oil needed to produce the asphalt that had made his family rich, Harry Sargeant III kept relations with top officials in Caracas even as they seized most foreign oil holdings.
PM Modi raises border security, refugee concerns with Myanmar prez
Prime Minister Narendra Modi on Monday raised concerns over the activities of armed groups operating near the India-Myanmar border and the impact of Myanmar's internal conflict on Indian border communities during talks with Myanmar President Min Aung Hlaing in New Delhi. Speaking at a special briefing after the high-level bilateral meeting, foreign secretary Vikram Misri said PM Modi highlighted the spillover effects of the conflict in Myanmar, including cross-border security challenges and...
Rama alleges 'hybrid war' behind protests against Kushner-linked coastal development
The luxury venture, spanning a protected island and a stretch of seafront on the southern coast, has drawn opposition from environmental campaigners and critics of Prime Minister Edi Rama. Speaking to Euronews, Rama said opposition to the proposed investment on Albania's southern coast was being amplified by bots, fake social media accounts and hostile external forces exploiting environmental concerns and geopolitical tensions. "Albania is in a hybrid war.
Failed asylum seekers vanishing due to 'unacceptable' errors, damning report finds
Failed asylum seekers vanishing due to 'unacceptable' errors, damning report finds A report by the cross-party Public Accounts Committee (PAC) has accused the Home Office of losing control of the asylum system and having no clear plan to get people out of hotels A scathing report has found "shocking and unacceptable" errors mean failed asylum seekers are vanishing without a trace. MPs voiced their alarm after the Home Office admitted it knows where the vast majority of those whose...
Home Office admits it has lost track of migrants with no right to be in UK – but doesn’t know how many
Home Office admits it has lost track of migrants with no right to be in UK – but doesn’t know how many Home Office still focused on ‘short-term fixes’ to broken asylum system, MPs warn - Bookmark - CommentsGo to comments The Home Office has admitted it has lost track of migrants with no right to be in UK – but doesn’t know how many – in what MPs have called a “shocking and unacceptable” indictment of the asylum system. MPs on the public accounts committee (PAC) have called on the government...