International Business Times

Fitch's decision to cut the US debt rating follows the long-running standoff on Capitol Hill earlier this year that saw the world's top economy flirt with a possible default, which rattled markets

GOP Senate Pushes Through $3.3 Trillion Tax And Spending Overhaul

At the heart of the measure are permanent extensions to the 2017 tax cuts, a lower corporate tax rate of 17%, and fresh incentives for companies investing in U.S.-based manufacturing, artificial intelligence and advanced technology infrastructure.

GOP Senator Admits Trump's 'Big, Beautiful Bill' Isn't 'There Yet' Despite Voting Yes: 'Hope the House' Sends It Back
Musk Vows Steve Bannon Is 'Going Back to Prison' Following Trump's Jabs at SpaceX During 'Big, Beautiful Bill' Feud

IMF Urges Swiss To Strengthen Bank Resilience
The International Monetary Fund on Tuesday urged Switzerland to strengthen the resilience of its banks and address the flaws exposed by the collapse of Credit Suisse.
Trump Ramps Up Musk Feud With Deportation, DOGE Threats
Donald Trump and Elon Musk reignited their bitter feud Tuesday, with the US president threatening to deport the tech tycoon and strip federal funds from his businesses for criticizing Trump's flagship spending bill.
Musk Called Out After Threatening Politicians Who Vote For Trump's 'Big, Beautiful Bill': 'You Helped Bankroll The Chaos'
Elon Musk is being slammed for threatening Republicans who supported Donald Trump's spending bill, accusing him of helping "bankroll the chaos" he's criticizing.
What The $3.3 Trillion Bill Means For Your Wallet And The Country
The legislation would cut taxes sharply for businesses while also offering new credits to companies that manufacture in the U.S. It would restructure income tax brackets, delivering the biggest gains to top earners.
Iran Unleashes 'Wave Of Repression' After Israel War: Activists
Iranian authorities have arrested hundreds of people and executed dozens in a wave of repression following the 12-day war with Israel, activists say, accusing the Islamic republic of using fear to compensate for weaknesses revealed by the conflict.
Canada Rescinds Tax On US Tech Firms In Hopes Of Trump Trade Deal
Canada will rescind taxes impacting US tech firms that had prompted President Donald Trump to retaliate by calling off trade talks, Ottawa said Sunday, adding that negotiations with Washington would resume.
Senate Begins 'Vote-a-Rama' On $3.3 Trillion Megabill
The final vote on the so-called "megabill" could come as early as Monday evening, provided Senate rules and timelines are met.
China Says Aircraft Carriers Conduct Combat Training In Pacific
Two Chinese aircraft carrier groups conducted combat drills in the western Pacific Ocean, Beijing said Monday, as its honing of its military capacity unsettles some regional neighbours.

Asian Stocks Rise On Trade Deal Hopes, Tokyo Hit By Tariff Warning

Asian stocks rose Tuesday amid optimism countries will strike US trade deals, though Tokyo's Nikkei sank after Donald Trump threatened to impose a fresh tariff rate on Japan as he hit out at the country over rice and autos.

Economy in Focus

Trump Metal Tariffs Wreak Havoc On US Factory
In the sweltering US summer, metal containers decorated with snowmen and sleighs are taking shape -- but tempers are also rising as their manufacturer grapples with President Donald Trump's steep steel tariffs.
Dollar's Dramatic Drop Signals Investor Caution As Fed Speculation Grows
Hong Kong Soars To World's Third Most Competitive Economy In 2025

War in Ukraine

Ukraine Hits Russian City Deep Behind Front Line, Leaves Three Dead
Ukrainian drones attacked the Russian city of Izhevsk on Tuesday, killing three people and wounding dozens in one of the deepest strikes inside Russia of the three-year conflict, authorities said.
UK And Ukraine Agree To Deepen Ties As Zelensky Meets Starmer
Seeking to shore up support more than three years into Russia's invasion, Ukrainian President Volodymyr Zelensky met UK Prime Minister Keir Starmer during a surprise visit to London on Monday, cementing a military co-production deal.
Ukraine Says 'Massive' Russian Drone Attack On Kyiv
Ukraine said Monday "another massive attack" on Kyiv by Russian drones was underway, a day after the country's top military commander vowed to increase the "scale and depth" of strikes on Russia.
Russia Might Try To Take Ukrainian City Of Sumy, Putin Says
Russian President Vladimir Putin said Friday he did not "rule out" his forces attempting to seize the northeastern Ukrainian city of Sumy, raising fresh doubts over the prospect of peace talks between Moscow and Kyiv.

CBEX Crypto Scam: AI-hyped Ponzi Scheme Defrauds African Investors

Embarrassed and in debt, Edwin was left reeling after losing $16,000 to CryptoBridge Exchange (CBEX), one of the crypto-trading platforms preying on investors in Africa.

Contributor

Alfred Longtin on Rethinking Risk: How Small Businesses Can Protect What They've Built

Alfred Longtin, founder and CEO of Longtin Family Companies, has made it his mission to support businesses that have worked tirelessly to reach a place of stability and continuous growth.

Contributor
Design With Purpose: How Borum Ahn's Form + Flow Are Creating More than Just Beautiful Spaces
Borum Design + Build positions itself as a one-stop shop for commercial interior design, permitting, construction, and installation. It's a comprehensive design + build experience with clients ranging from financial institutions to startups to luxury residential developers.
Contributor
UpTalent Solutions: Building Agile, Data-Driven Workforces for the Future
UpTalent is a business consulting and services company with a data-first backbone. The company uses a predictive index platform, a software that assesses cognitive ability, behavioral traits, and team dynamics to deliver real-time, actionable workforce insights.

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Business Lookahead: Jobs, Prices And AI

From U.S. jobs numbers that could give the Fed pause for thought, to signs the AI bandwagon is picking up speed, these are the big stories to watch out for in business and finance in the coming days. Rachel Faber has the details.

US Economic Uncertainty Means Bigger 'Black Friday' Discounts
Dublin Riot Highlights 'Far-Right' Agitation Over Ireland Immigration
01:40
Taiwan Strait: Chinese Ship 'Cuts Off US Destroyer'
00:22
Dashcam Video Captures Missile Falling Near Kyiv Car
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Saudi Pledges Big Oil Cuts In July