Biden’s $7.3 trillion budget is campaign pitch for spending, tax goals but may not draw in votes
Biden’s budget for the 2025 fiscal year, which starts this October, includes raising the corporate income tax rate to 28 per cent from 21 per cent, forcing those with wealth of $100 million to pay at least 25 per cent of their income in taxes, and letting the government negotiate to bring more drug costs down.
Money talks: Media mogul Rupert Murdoch to marry at 93, days after he was engaged to another woman for two weeks
Previously, he was married to Patricia Booker, an Australian, with whom he had Prudence, and then to Scottish-born journalist Anna Torv, with whom he had Lachlan, James and Elisabeth. These four Murdoch children have the same stake in the family trust and an equal say in what happens to the trust’s voting stock upon Murdoch’s death. He later married Chinese-born Wendi Deng, whom he divorced in 2013 after having two daughters, Grace and Chloe.
Heat is on: Kenyan women among others whose plight is to be addressed in food supply chain
Women are less able to adapt to heat than men, explains Kathy Baughman McLeod, chief executive of Climate Resilience. In Pakistan, hot and crowded homes cause sleepless nights for all, but cultural norms require women to stay indoors, while men can seek cooler conditions outside.
Drink-and-Drive: How Kenya’s ex-president signed away standard gauge railway deal with China without reading it
The SGR contract left no room for rescheduling of the loan of approximately Ksh400 billion ($3.8 billion). The government, it now emerges, had to sit down with unwilling Chinese government to insert a clause in the agreement that now allows for rescheduling of repayment or renegotiating the loan without ceding sovereignty.
No man, No cry: Chinese women eschew hunt for husbands, prefer ‘singledom’ as economy stutters
China’s single population aged over 15 hit a record 239 million in 2021, according to official data. Marriage registrations rebounded slightly last year due to a pandemic backlog after reaching historic lows in 2022. A 2021 Communist Youth League survey of some 2,900 unmarried urban young people found that 44 per cent of women do not plan to marry.
New survey shows Kenya’s business activity experienced marginal expansion since August
Inflation fell to 6.3 per cent year-on-year in February from 6.9 per cent a month earlier, data from the Kenya National Bureau of Statistics showed.
China unveils plan to drive economic growth above 5 per cent annually, IMF forecasts 3.5 per cent shrink
China started the year with a stock market rout and deflation at levels unseen since the global financial crisis of 2008-09. The property crisis and local government debt woes persisted, increasing pressure on China’s leaders to come up with new economic policies.
US sanctions Zimbabwe president over ‘criminal network of government officials and businesspeople’
Treasury Deputy Secretary Wally Adeyemo said the changes to Zimbabwe’s sanctions regime “are intended to make clear what has always been true: our sanctions are not intended to target the people of Zimbabwe.”
Research: Junk food addicts with high ‘bliss point’ usually have low appetite for fresh fruits, vegetables and beans
A 2023 research report published in the journal Addiction found that: “Tobacco-owned foods were 29 per cent more likely to be classified as fat and sodium hyper-palatable food (HPF) and 80 per cent more likely to be classified as carbohydrate and sodium HPF than foods that were not tobacco-owned between 1988 and 2001.
Kenya new car sales plunge 15 per cent in 2023 as new taxes and weaker currency bite
Individuals and businesses bought 11,370 units last year, the Kenya Motor Industry Association said in data released on Friday, down from 13,352 units sold in 2022.
