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Less tax, more luxury: millionaires flock to Dubai
Less tax, more luxury: millionaires flock to Dubai
by  AFP

Rich people are flocking to Dubai in record numbers, drawn to the desert city by its zero income tax policy and easy luxury lifestyle that has become harder to maintain elsewhere. Some are pushed out by a stricter taxation policy for people with "non-dom" status -- those who live in Britain but whose permanent domicile is abroad and had benefitted from no tax on income earned outside the country.

Walmart lifts outlook for sales, earnings despite tariffs
Walmart lifts outlook for sales, earnings despite tariffs
by  AFP

Big-box retailer Walmart hiked its outlook for sales and some earnings in results released Thursday, even as costs of goods imported to the United States rose after President Donald Trump's wide-ranging tariffs this year. In an earnings presentation released Thursday, Walmart maintained that it had "strong inventory management," but that there were also higher costs for imported goods. elm-bys/aha