Business

The White House confirmed on Tuesday that the Trump administration is working on a deal that could see the US government taking a 10% stake in chip giant Intel. “The president wants to put America’s needs first, both from a national security and economic perspective,” White House press secretary Karoline Leavitt told reporters. The potential deal could involve swapping government …

Walmart has recalled some shrimp products in 13 US states after one shipment of seafood tested positive for radioactive contamination. The US Food and Drug Administration said varieties of frozen shrimp sold under Walmart’s Great Value label could have been exposed to a dangerous isotope in shipping containers. One sample of breaded shrimp tested positive for the substance, but this …

BBC In 1980, when Corina Poore, 36 years old and pregnant, first opened the door to a derelict house in New Cross Gate, south-east London, the estate agent refused to step in with her. Inside were dead cats, dog excrement and filthy mattresses. Pigeons flew in through holes in the roof and there was no indoor toilet. The intense rotting …

A TV advert for Sanex shower gel which showed black skin as cracked and white skin as smooth has been banned for reinforcing a racial stereotype. The ad shows two models with dark skin – one has itchy skin and the other has dry skin – followed by a white woman with no skin problems. The Advertising Standards Authority (ASA) …

ITR filing: Taxpayers who miss the regular deadline for filing their income tax return get an additional chance through the updated income tax return (ITR-U) facility, introduced under Section 139(8A) of the Income Tax Act. This option allows individuals to correct errors, add omitted income, or rectify misreporting even after the due dates for belated or revised returns have passed. …

Union Minister Nitin Gadkari on Tuesday said the government’s aim is to make India’s automobile industry the number one in the world within the next five years.Launching a report prepared by The Express Industry Council of India (EICI) and KPMG, Gadkari said the outlook for the express industry is also promising.“The size of Indian automobile industry is now Rs 22 …

The LCA Mark 1A variant features superior avionics and radar systems. (File photo) The Indian Air Force (IAF) is all set to get a major ‘Make in India’ boost with the government has given its nod for the acquisition of 97 LCA Mark 1A fighter aircraft. The final clearance for procuring 97 LCA Mark 1A fighters came during a high-level …

David Knox BBC Scotland News BBC Muriel Allison pours Kate Forbes a cup of tea during the deputy first minister’s visit to Galashiels Social housing in the Borders have been fitted with a new power storage system designed to reduce the properties’ energy bills by as much as 85%. Eleven homes have had the systems installed as part of a …

The proposed revamp of the Goods and Services Tax (GST) into a two-tier structure with lower levies on household goods could lift consumption by Rs 1.98 lakh crore but also result in an estimated yearly revenue loss of Rs 85,000 crore, SBI Research said in a report released Tuesday.The Centre has put forward a ‘next-gen GST’ framework with just two …

US Treasury Secretary Scott Bessent on Tuesday said that interviews for Federal Reserve Chair Jerome Powell’s replacement are expected to start around September 1, with 11 candidates under consideration.President Donald Trump’s choice of the next Fed chief is being closely tracked, especially after his repeated criticism of the central bank for holding back on interest rate cuts this year. Powell’s …