Microsoft owes the US Treasury $28.9 billion (£23bn) in back taxes, plus penalties and interest according to the Internal Revenue Service (IRS). The figure, which Microsoft disputes, stems from a long-running IRS investigation into how Microsoft allocated its profits among countries and jurisdictions in the years 2004 to 2013, according to a securities filing Critics
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Rich Cimini, ESPN Staff WriterOct 11, 2023, 04:42 PM ET Close Rich Cimini is a staff writer who covers the New York Jets and the NFL at ESPN. Rich has covered the Jets for over 30 years, joining ESPN in 2010. Rich also hosts the Flight Deck podcast. He previously was a beat writer for
In this article NFLX GOOGL GOOG Follow your favorite stocksCREATE FREE ACCOUNT Daniel de la Hoz Teenagers in the U.S. say they watch more videos on YouTube than Netflix, according to a new survey from investment bank Piper Sandler. Teens polled by the bank said they spent 29.1% of their daily video consumption time on
The King has expressed his condolences and “deep shock” at the “barbaric” actions by Hamas in a call with Israel’s president – as Prince William said he was “profoundly distressed” by the “horrors” inflicted. Israel’s President Isaac Herzog thanked the King for his support and said his words were an “important statement” which would serve
Israel could be just “hours or days” from launching a ground offensive against Hamas in Gaza, according to Sky’s security and defence analyst Michael Clarke. With more than two million people living in Gaza, which is 25 miles wide, what would Israel consider before such an attack and how could Hamas respond? Here, we look at
Adam Rittenberg, ESPN Senior WriterOct 10, 2023, 02:01 PM ET Close College football reporter. Joined ESPN.com in 2008. Graduate of Northwestern University. Colorado two-way star Travis Hunter has a “tremendous chance” to return Friday against Stanford after missing the team’s past three games, coach Deion Sanders said. Sanders said Tuesday that Hunter, a cornerback and
Tesla has been apparently dipping its toes in advertising over the last few months – and now it has expanded into a new medium, airport advertisement, on top of broadening its online ads. Earlier this year, CEO Elon Musk announced a reversal of his longstanding strategy that Tesla not spend on advertising but instead spend money
In this article XOM PXD Follow your favorite stocksCREATE FREE ACCOUNT Scott Sheffield, CEO of Pioneer Natural Resources. Adam Jeffery | CNBC Pioneer Natural Resources CEO Scott Sheffield said oil prices could move a lot higher if Iran gets involved in Hamas‘ war on Israel. “If Iran enters the war, we’re going to see much higher oil prices,
As Israel strikes back at Hamas, Ian King looks at what the economic effects of the war might be for the region. Lucile Cornet, partner at Eight Roads Ventures Europe, joins Ian to discuss why the rapid advance of Artificial Intelligence is being embraced by young workers. And Ian speaks to Gwenaelle Avice Huet, Executive
Beer quality is on a steady decline and is likely to cost more at the bar because of climate change, a new study has found. Experts said with falling hop yields, British and European drinkers should expect to see the cost of beer increase in the coming years. Researchers highlighted how the increase in agricultural
People walk past an advertisement for Samsung Galaxy S23 phones at the company’s Seocho building in Seoul on April 7, 2023. Jung Yeon-je | Afp | Getty Images South Korean chip giant Samsung Electronics is expecting a 78% drop in operating profit in the quarter ended September, according to guidance released by the company. The
After EV sales soared 284% in Q3 over last year, Mercedes electric vehicles are nearing 15% of total US sales. In comparison, Ford and GM are around 3% to 4%. Mercedes-Benz sold 10,423 electric vehicles between July and September, an increase of 284% from last year. The German automaker offers five fully electric vehicles in
Workers install solar panels during the completion phase of a 4-acre solar rooftop atop AltaSea’s research and development facility at the Port of Los Angeles, in the San Pedro neighborhood, on April 21, 2023 in Los Angeles, California. Mario Tama | Getty Images California Gov. Gavin Newsom on Saturday gave the greenlight for the state’s
From destroyed homes I watched stretcher bearers bringing out the body of a small child. Without saying a word, the men carried the body and loaded it onto a truck alongside the bodies of other members of the community murdered as they hid or tried to defend themselves. We were taken to the Kfar
Utah Gov. Spencer Cox welcomes U.S. President Joe Biden before he speaks at the George E. Wahlen Department of Veterans Affairs Medical Center in Salt Lake City, Utah, on Aug. 10, 2023. George Frey | Getty Images Utah is the latest state to file suit against TikTok, alleging the social media site misled its citizens
Israel will be looking at all military options at the moment. And they don’t look very good – not with 130 or so Israeli hostages imprisoned and dispersed all over Gaza. But after Israel’s current bombing campaign – designed to go after Hamas ammunition supplies and command facilities, most of which are disguised in ostensibly
An electric version of Volkswagen’s iconic Transporter van will debut next year. For the first time, the Transport will not be based on the California camper but on a newly developed platform with Ford. Volkswagen’s Transport is one of the top-selling vans of all time, making it only right for it to enter the electric
Days after announcing a concrete date for the start of reservations in the US this month, Kia has followed up with even more pertinent details surrounding the EV9 SUV, including its trim levels and pricing. Here’s the latest. The EV9 is the upcoming, all-electric large SUV from Kia that has garnered a lot of hype
Tensions in the Mideast are as high as they’ve been in recent memory after Saturday’s invasion of Israel and the massacre of its citizens by the terrorist group Hamas. The deadliest attack on Israel in a half-century sparked volatility in financial markets and could have ripple effects for investors around the world depending on what
A Haliade-X wind turbine photographed in the Netherlands on March 2, 2022. Peter Boer | Bloomberg | Getty Images A project described as the “world’s largest offshore wind farm” took a major step forward over the weekend after producing its first power. Located off the coast of northeast England in the North Sea, the Dogger