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Asian markets press on with rally, China fund boosts optimism
Asian markets press on with rally, China fund boosts optimism
Economy
by  AFP

Asian stocks extended the week's gains on Thursday, undeterred by forecast-beating US wholesale inflation data as investors grew increasingly hopeful the Federal Reserve would not hike interest rates further. - Salvaging confidence - Asian markets continued the week's advances, with Tokyo and Seoul up more than one percent, while Sydney, Singapore, Taipei and Jakarta were also on the front foot.

Chickens keep Indigenous Guatemalans from migration agonies, for now
Chickens keep Indigenous Guatemalans from migration agonies, for now
Economy
by  AFP

A brood of chickens cluck in the barn as Rebeca Perez collects eggs to sell in her village in western Guatemala -- an endeavor she hopes will keep her from emigrating to the United States as her brothers did, driven by poverty. Rebeca Perez went to study at the ETCAE technical school funded by the NGO in 2023, learning skills to prevent diseases among chickens and increase their egg production.

Recriminations fly in Argentina as peso flounders ahead of vote
Recriminations fly in Argentina as peso flounders ahead of vote
Economy
by  AFP

Argentina's election campaign was marked by heated exchanges Wednesday as the incumbent president pressed charges against frontrunner candidate Javier Milei for dissing the national currency, which subsequently crashed. President Alberto Fernandez announced he had reported Milei for "public intimidation" after the candidate said Monday the Argentine peso "isn't worth excrement."

Microsoft fights $29 bn US back tax claim
Microsoft fights $29 bn US back tax claim
Technology
by  AFP

The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in an official filing on Wednesday. Microsoft added that "since 2004, we have paid over $67 billion in taxes to the US." The accounting practices of US big tech companies have long posed a problem for authorities.

IRS says Microsoft owes $29 bn in unpaid US taxes
IRS says Microsoft owes $29 bn in unpaid US taxes
Technology
by  AFP

The US Internal Revenue Service is asking that Microsoft pay a whopping $29 billion in unpaid taxes from 2004 to 2013, the company said in an official filing on Wednesday. Microsoft added that "since 2004, we have paid over $67 billion in taxes to the US." The accounting practices of US big tech companies have long posed a problem for authorities.