Economy

Economy Latest News

US Treasury signals G7 deal excluding US firms from some taxes
US Treasury signals G7 deal excluding US firms from some taxes
by  AFP

US Treasury Secretary Scott Bessent signaled Thursday that a deal is forthcoming among G7 nations allowing US firms to be excluded from certain taxes imposed by other countries. Section 899 has been dubbed a "revenge tax," allowing the government to impose levies on firms with foreign owners and on investors from countries deemed to impose unfair taxes on US businesses.

Anna Wintour steps down as US Vogue editor after nearly 40 years
Anna Wintour steps down as US Vogue editor after nearly 40 years
by  AFP

Magazine legend Anna Wintour stepped down as editor of US Vogue on Thursday after 37 years during which she was often hailed as the single most influential figure in the fashion world. Wintour has for many years also run the Met Gala, an extravagant Manhattan fundraiser that attracts an A-list of dressed-up stars from the worlds of fashion, film, politics and sports.

Anna Wintour steps down as editor of US Vogue after nearly 40 years
Anna Wintour steps down as editor of US Vogue after nearly 40 years
by  AFP

Magazine legend Anna Wintour is stepping down as editor of fashion bible US Vogue after 37 years in the post, US media reported Thursday. Wintour, who took the helm at US Vogue in 1988, announced her departure at a staff meeting, but she will stay on as group owner Conde Nast's global chief content officer and as editorial director at Vogue, People magazine reported.