Kuwait Cabinet has approved a significant resolution to introduce a 15% Domestic Minimum Top-up Tax (DMTT) on multinational enterprises (MNEs) operating within its borders. The new law, endorsed during a weekly meeting chaired by His Highness the Prime Minister Sheikh Ahmad Abdullah Al-Ahmad Al-Sabah, is set to come into effect on January 1, 2025. This step is aligned with global taxation standards and aims to curb tax evasion while ensuring that tax revenues are not shifted to other jurisdictions.
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This section brings you news reports from around the world, covering global events, politics, economy, and more. Stay informed with the latest international updates and developments.
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Norovirus Outbreak: Doctors Advise on Symptoms, Prevention
As a severe outbreak of norovirus spreads across the United States, health experts are emphasizing awareness and preventive measures. Often called the “stomach flu,” this highly contagious illness has reached its highest levels for this season in over a decade, according to the Centers for Disease Control and Prevention (CDC).
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Prince Harry and Meghan Markle Shift Focus to Peaceful Pursuits
Prince Harry and Meghan Markle appear to be making a concerted effort to distance themselves from past controversies with the British royal family, adopting a more conciliatory approach. Their actions throughout 2024 demonstrate a deliberate shift toward harmony, as the Sussexes have notably refrained from engaging in explosive interviews or making contentious remarks about key royal figures.
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Comprehensive Review of 2025 Lexus GX
Lexus has once again redefined the luxury SUV segment with the 2025 GX, introducing notable improvements that elevate its off-road capabilities while maintaining its signature premium appeal.
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Hyundai IONIQ 5 Sets Guinness Record for Altitude Change
Hyundai Motor Company’s groundbreaking IONIQ 5 electric vehicle has added a remarkable accolade to its name by participating in a Guinness World Records title attempt for the “Greatest altitude change by an electric car.”
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Xiaomi SU7 Surpasses 130,000 Deliveries in Nine Months
Xiaomi, the renowned technology powerhouse, has achieved a groundbreaking milestone in its electric vehicle (EV) journey.
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US Court Lifts BOI Reporting Injunction, Sets New Deadline
The United States Fifth Circuit Court of Appeals has lifted the injunction imposed by a Texas District Court, setting January 13, 2025, as the new deadline for the Financial Crimes Enforcement Network (FinCEN) Beneficial Ownership Information (BOI) reporting. This report, established under the Corporate Transparency Act (CTA) signed into law on January 1, 2021, affects a broad range of corporate and business entities.
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Xpeng to Unveil Modular Flying Car at CES 2025 in Las Vegas
Xpeng AeroHT, the flying car division of Chinese electric vehicle manufacturer Xpeng, is set to unveil its groundbreaking Land Aircraft Carrier (LAC) at the Consumer Electronics Show (CES) 2025 in Las Vegas.
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Bugatti Crafts Bespoke Cupholder for Chiron Owner
Bugatti has created its first-ever cupholder in response to the unique request of a Chiron owner. The owner, troubled by an unfortunate beverage spill in their hypercar, prompted Bugatti to explore a practical yet sophisticated solution.
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Xiaomi SU7 Major Update Enhances Features, User Experience
Xiaomi has rolled out a significant Over-The-Air (OTA) update (version 1.4.5) for its SU7 electric vehicle, introducing 13 new features and 26 optimizations to elevate the driving experience.
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