Treasury, IRS propose rules on ‘No Tax on Tips’ deduction
WASHINGTON – The Treasury Department, in coordination with the IRS, has released proposed regulations clarifying the “No Tax on Tips” deduction.
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Category: World
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.
U.S. Fed eases policy with surprise rate cut
The U.S. Federal Reserve on Wednesday reduced its benchmark federal funds interest rate by 25 basis points, setting the new target range at 4.00 to 4.25 percent.
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Pakistan, Iran ink protocols to expand $10 billion trade
Islamabad, September 16, 2025 – The 22nd Session of the Pakistan-Iran Joint Economic Commission (JEC) concluded in Tehran with the signing of significant protocols aimed at boosting bilateral cooperation and achieving a $10 billion trade target.
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Iran and Pakistan agree to finalize FTA, activate border markets
Tehran/Islamabad, September 15, 2025 – Pakistan and Iran have moved a step closer toward strengthening bilateral trade ties, as both countries agreed to finalize a Free Trade Agreement (FTA) and operationalize border markets aimed at boosting commerce and improving connectivity.
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Pakistan, UAE strengthen anti-narcotics cooperation
Islamabad, September 11, 2025 – Pakistan and the United Arab Emirates (UAE) have reaffirmed their commitment to enhance cooperation in the fight against narcotics following a high-level meeting held at the Ministry of Interior.
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Japan records hottest summer in 127 years
Japan has endured its hottest summer on record in 2025, with the nationwide average temperature soaring 2.36 degrees Celsius above the long-term norm, according to the Japan Meteorological Agency (JMA).
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Google issues security alert to Gmail users after major breach
August 29, 2025 – Google has issued a high-priority alert to nearly 2.5 billion Gmail users following a large-scale cyberattack carried out by a sophisticated hacker group between August 8 and August 18, 2025.
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Saudi Airlines nears deal with SpaceX for Starlink internet
Riyadh, August 17, 2025 – Saudi Airlines is reportedly close to signing a landmark agreement with SpaceX to introduce Starlink satellite internet across its fleet, a step that could significantly reshape the passenger experience and strengthen the position of the Saudi national carrier in the global aviation sector.
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China issues yellow, blue weather alerts amid heavy rain risks
Beijing, August 16, 2025 – Authorities in China have renewed multiple weather alerts as heavy rainfall and related hazards continue to threaten several regions of the country.
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Unilever opens major food production base in China
August 16, 2025 – Unilever, the London-based consumer goods giant, has officially inaugurated its all-category food production base in south China’s Guangdong Province, marking a significant step in the company’s global supply chain expansion.
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