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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.

Climate change is improving French wine -- for now
Climate change is improving French wine -- for now
Economy
by  AFP

What makes a good or bad year for wine? But the paper argues that because there is broad consensus about what makes good versus bad wine, the taste scores offer a reliable means to monitor how crops are changing over time -- and they attempted to statistically control for the effects of improving winemaking technology.

US Fed agreed to hold interest rates high 'for some time': minutes
US Fed agreed to hold interest rates high 'for some time': minutes
Economy
by  AFP

US Federal Reserve officials agreed last month they should hold interest rates high "for some time" in their ongoing fight against inflation, according to minutes of the meeting published Wednesday. "All participants agreed that policy should remain restrictive for some time until the Committee is confident that inflation is moving down sustainably toward its objective," the minutes showed.