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Australia gets even tougher on tackling MNE tax avoidance

It is usually unwise to quibble with Treasury budget forecasts, but the forecasts underpinning the budget numbers are very rosy. Indeed, "reset" could be a theme song for this budget, although the government prefers "fairness, security, and opportunity". Read More »

Ex-PM Valls swiftly defects to President Macron's party

Pouillard said he came to this conclusion by cross-referencing voting from the 2015 regional elections and the presidential vote. He has proposed a range of policies combining budget cuts and more labour market flexibility, with public investment and an extension of the welfare state. Read More »

Dybala: I would've liked to play with Zidane


After conceding two early goals against Atleti, the FC crew are unconvinced by Real Madrid's defence heading into the UCL final. We also knew with patience we would find spaces and we played well, especially in the second half. Atletico were slack in defence, ineffective in attack and misplaced passes in the middle of the field as Real went a long way towards booking a place in the final which will be held in Cardiff. Read More »

President Trump: James Comey Was a 'Showboat' and 'Grandstander'

That contradicts the White House's assertions - and a termination letter Trump sent Comey - that the dismissal was based on the recommendations of Attorney General Jeff Sessions and Deputy Attorney General Rod Rosenstein. The deputy attorney general now finds himself in the crosshairs only two weeks after being confirmed by the Senate. The President asked they put those concerns and their recommendation in writing, which is the letter that you guys have received. Read More »

Snapchat reports first earnings since going public ; Lost $2.2 billion last quarter !

Snap shares plunged to $17.59, their lowest since the initial public offering on March 2, wiping off more than $6 billion of its market value. Facebook had similar costs, about $1.3 billion. "Just because Yahoo has a search box, doesn't mean they're Google", Spiegel added. "But I do think at this point, we're pretty much ahead in terms of the technology that we're building". Read More »

Former Bush advisor Fagen says Comey's firing 'stinks to high heaven'

The White House said Comey was sacked based on recommendations from the Justice Department and that Trump had been considering replacing him "since the day he was elected". And on Monday, the day before the firing, they add, "Trump told people around him that he wanted Mr. Comey gone, repeatedly questioning Mr. Comey's fitness for the job and telling aides there was "something wrong" with him". Read More »

Xi nudges Moon to think twice on THAAD

Moon's aides say he will commute from his home for the first few days as workers finish furnishing the Blue House residential space for him. The THAAD deployment was agreed by Moon's predecessor, conservative leader Park Guen-hye. Beijing will be hoping for concessions from Moon to get relations back on track after months of Chinese fury over South Korea's decision to deploy THAAD. Read More »

Snapchat's growth stalls in Facebook's shadow in 1Q report

Snap took a loss of $2.2 billion for the quarter, or adjusted losses of 20 cents per share, but the company said approximately $2 billion of that was due to stock-based compensation costs related to the company's March IPO. But in the rest of the world, Snap only added a million daily users, reaching 40 million daily active users. It also introduces limitless Snaps , thus allowing users to view them without any time constraints. Read More »

Snap reports $2.2bn loss in Q1, slams Facebook

However, adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were negative at US$188.2 million, doubling losses of US$93.2 million a year earlier. In addition to Evan Spiegel's "CEO award", Snap previously said it had another $1.1 billion in employee stock awards that would come into effect after it goes public. Read More »

Snap share value drops 20% after its first earnings report

Snap said that the net loss , presented as GAAP figures, includes $2.0 billion in stock-based compensation expense in the form of RSUs (Restricted Stock Units). Over time, however, the company introduced new tools and features aimed at engaging users in new ways that also appealed to marketers. This time last year, Snapchat was adding DAUs at 52 per cent year-on-year. Read More »

BMW resurrects luxury coupe to rival Mercedes


BMW has finally given the green light for a new 8 Series , with production scheduled to start nearly 20 years after the original was killed off. Spy photos of the new 8 Series coupe prototypes in testing surfaced earlier . Mated to it is an eight-speed Steptronic automatic transmission that drives the rear wheels, resulting in a zero to 100 km/h time of just 7.8 seconds (8.2 seconds for the Touring). Read More »

Macron unveils parliamentary candidates list

Ferrand says the movement received more than 19,000 dossiers from people answering its call for candidates. Indeed, one of Europe's most important countries had two very unusual candidates in the final round; a far-right leader and someone who's never held elected office. Read More »

Here's how Apple is making its money outside of iPhone sales

But Apple is searching for ways to do more, Cook said. Apple typically launches its new iPhones in September. Apple doesn't have the iPad to thank, as sales of the tablet continued to plummet. Apple came under fire from President Donald Trump during his campaign because it makes most of its products in China. While Apple is still a hardware company at heart, the services narrative has become an increasingly popular one for the company. Read More »

Snap Plunges on First Earnings Report as Public Company

Tech gurus asserted that it is due to the slow user growth. Snap also hopes to enjoy a bump in DAUs from its push into scripted original series, which are so far drawing in audiences of more than 8 million, Spiegel said. Facebook has also added Geostickers to Instagram, offering location-specific tags in two cities (New York City and Jakarta) that users can paste over images. Read More »

Aussie banks take a big hit after new tax

If the levy proceeds, it is likely to provoke a furious debate about who should bear its costs - customers or shareholders. Shares in Australia's big four banks - the parent companies of ANZ , Westpac, ASB and BNZ in New Zealand - have taken a hammering on markets following plans by Malcolm Turnbull's coalition Government to impose a new tax. Read More »

Active Volume Stock: Valeant Pharmaceuticals International, Inc. (VRX)

The day's total volume of 58245913 this morning is in contrast from the three-month daily average of 22023.28K. (VRX) is a part of Healthcare sector and belongs to Drug Delivery industry. During last 3 month it remained at -15.44%. The stock has shown weekly performance of 29.39% and monthly performance stands at 28.73%. During the last month, the stock has changed -39.05% and performed -97.25% over the last 6 months. Read More »

Govt 'upfront' about company tax: Morrison

Click below to follow HuffPost Australia Politics on Facebook! The Liberal-National coalition has been trailing Labor for months in opinion polls, after scraping back into office past year with a razor-thin majority. This does not include people's deposit accounts or mortgages. "The banks are in a position to support budget fix and we're asking them to do so". The government will introduce a "modest drug testing trial for 5,000 new welfare recipients" that will run for two years. Read More »

UK Labour stung by election platform leak

Labour leader Jeremy Corbyn pulled out of a campaign appearance on Thursday morning. It is understood Mr Corbyn's office will try to determine the source of the leak , but will not give a running commentary. The Royal Mail would be renationalised, as well as rail companies. It also said it would not accept a "no deal" from the European Union, criticising Ms May's stance that "no deal was better than a bad deal" at the end of Brexit negotiations. Read More »

Iraq, Algeria support extension of oil production cuts

As a result, OPEC cut the forecast 2017 demand for its crude by 300,000 bpd. The initial agreement envisaged OPEC taking off 1.2 million bpd from global supply with Russian Federation and 10 other non-members cutting another 600,000 bpd. Oil prices fell, rattled by concern over slowing demand, a rising U.S. dollar and increasing United States crude output that has shaken investors' faith in the ability of OPEC to rebalance the market. Read More »

Macy's quarterly profit misses estimates on weak sales

As Americans abandon department stores, sales at some major retailers are falling even faster than Wall Street expected. J.C. Penney shares dropped almost 4 percent in early trading on Thursday, while Nordstrom Inc declined 5.5 percent. "Most of our ferocious off-price competitors are off mall right now", Chief Executive Jeff Gennette said. Under Lundgren, Macy's promoted more exclusive merchandise. Read More »

Australia hits banks with higher taxes to bring budget back into black

Our decision to increase the Levy reflects the fact that all Australians have a role to play. "This budget finally dumps $13 billion in zombie measures that having been hanging around from the Abbott era, and it sets out some new budget policy directions with a huge investment in infrastructure and funding for the National Disability Insurance Scheme". Read More »

Fed says slowdown in United States growth is temporary

The Federal Reserve left interest rates on hold as expected after its May meeting, but it dropped one key hint that another rate hike is likely in June barring a considerably softer outlook for economic growth: the word "transitory". That reading of the core PCE, which is the Fed's preferred inflation measure, fell short of the central bank's 2 percent target. Announcement from the Institute for Supply Management that its non-manufacturing purchasing managers index rose to 57.5 in April ... Read More »

Delta apologizes for threatening to jail dad who wouldn't give up seat


An eight-minute video posted on YouTube by Mr Schear shows him arguing with crew members as they try to convince him to give up the seat being used by his son Grayson. "He can't occupy a seat because he's two years or younger". The Associated Press reports that the Federal Aviation Administration "strongly urges" that infants fly in a vehicle seat, however, it allows a parent to hold a child under two in a lap. Read More »

Federal Reserve set to wait on interest rate hike


The Institute for Supply Management said its index of non-manufacturing activity (services) rose to 57.5 April from 55.2 in March, handily beating expectations of 55.8 from a Reuters poll of 64 economists. That's why Yellen waited a year between her first rate rise (in December 2015), and the second (December 2016). With price pressures subsiding, inflation-adjusted consumer spending, which accounts for more than two-thirds of United States economic activity, increased 0.3 per cent in ... Read More »

Snapchat parent company 'set to post big loss'

Most of the company's losses went in compensation to Snap's staff after the IPO. The operating expenses for the quarter were $196 million. Revenue rose almost four-fold from a year ago to $149.6 million. Facebook has spent the better part of the past year trying to kill Snapchat by copying its most popular features for Instagram, WhatsApp and the Facebook app itself. Read More »

Sacked AAP leader Kapil Mishra attacked in house

Suspended minister Mishra has vowed to stay only on water until Delhi Chief Minister Kejriwal puts the information regarding the trips on the public domain. "Had I not written to the ACB, you would have not removed me in a hasty manner", he added. Talking to India TV, Mishra said, "He reached my throat but my supporters caught him". Read More »

1 arrested after brawl aboard Southwest jet during deplaning

One man suffered minor injuries but could continue on to his destination, Southwest Airlines said in a statement to CNN . According to the Burbank police report on the incident, 37-year-old Chaze Mickalo Cable whipped around and said the woman sitting behind him was "messing with his chair". Read More »

England, France to face off in tough pool

Here are the five bands from which the teams will be drawn. The other two teams in the pool will be the North and South America qualifier, likely to be either U.S. "You're either in an easy pool or a tough pool". "They all bring types of strengths to the competition". You need to peak at the right time. "The later you leave it, the more anxious people get", said Anscombe. Read More »

Thousands of people fill arena to hear from Warren Buffett

Wells Fargo, whose largest shareholder is Berkshire with a 10 percent stake worth roughly $27 billion, gave employees too much autonomy to engage in "cross-selling" multiple products to meet sales goals, Buffett said. Buffett said that he 'really underestimated the brilliance of the execution'. Buffett believes Berkshire's investment and derivative gains in any given quarter are often meaningless, but accounting rules require Berkshire to report them in its earnings statements. Read More »

Madrid eliminates Atletico, reaches Champions League final

Two goals in the opening 16 minutes gave Atletico Madrid a 2-0 lead and real hope of clawing back a 3-0 first-leg deficit. We have to give everything and leave our souls out on the field. "I feel great and I'm not feeling any vertigo", he said. "I am content and proud to be in the final". "We will try to go in to the game as we have been doing so far". Read More »

Theresa May calls for early election to strengthen Brexit hand


The talks are expected to be hard. But before holding the election , May must first win the support of two-thirds of the parliament in a vote on Wednesday. European Commission President Jean-Claude Juncker spoke to May after her dramatic U-turn on Tuesday. The main opposition Labour Party welcomed May's election call, meaning that it is nearly a foregone conclusion that May will obtain the two thirds support she needs in the House of Commons for the election to be held. Read More »

Pence: Comey's firing wasn't due to Russia probe

The Justice Department has officially denied that Comey requested more resources for the probe in the days leading up to his firing. "If Hillary had won, which thank god she didn't" and had fired Comey, "Democrats would have been dancing in the streets", Sanders speculated. Read More »