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In a groundbreaking move, Apple has succumbed to pressure from European regulators to allow rivals access to the contactless payments technology on iPhones, opening up the tap-to-pay feature to other mobile wallets beyond Apple Pay. This decision comes on the heels of increased regulatory scrutiny of Apple in the European Union, where the tech giant is also facing potential fines for alleged violations of the bloc’s Digital Markets Act. The European Commission announced the changes on Thursday, emphasizing that they would enhance competition in mobile payments on iPhones across the 30 countries in the European Economic Area. According to the…

Rachel Reeves, the newly appointed chancellor of Britain, has recently made a bold statement that she has inherited the worst fiscal circumstances since the Second World War. While some may view this as an exaggeration, the reality is that the economic challenges facing the country are indeed daunting. In an effort to address these challenges, Ms. Reeves has announced plans to enlist the support of Britain’s retirement savings in driving investment in domestic businesses and delivering higher returns to pension savers. The specifics of Ms. Reeves’s strategy are still forthcoming, but her predecessor, Jeremy Hunt, initiated the process by requiring…

In the story of Joseph L. Owades, a legend in the American brewing industry, we are introduced to a man who revolutionized the way Americans drink beer not once, but twice. Owades, the son of working-class Jewish immigrants, escaped Europe before the turmoil of World War I and went on to become America’s greatest brewer. His claim to fame? Inventing light beer, a process that changed the beer industry forever. Owades’ innovation in the 1960s led to the development of full-flavored beer with fewer carbohydrates and calories, now known as light beer. Today, light beer accounts for about 40% of…

In a recent announcement, the Internal Revenue Service revealed that it has successfully collected over $1 billion in past-due taxes from millionaires since the implementation of the Inflation Reduction Act nearly two years ago. This increased enforcement effort, backed by Democrats, has allowed the IRS to crack down on wealthy tax cheats and enhance taxpayer services. Despite some criticism from Republicans who believe the funding is wasteful, the agency has identified about 1,600 taxpayers with significant income and tax debt, resulting in the recovery of $1 billion so far. Prior to the legislation, IRS Commissioner Danny Werfel explained that the…

China’s paramount leader, Xi Jinping, is a complex figure with a multifaceted approach to governance. His economic philosophy combines self-reliance and openness, while his approach to policymaking balances top-down design with bottom-up experimentation. Throughout the covid-19 pandemic, Xi urged local officials to eliminate infections through lockdowns while also promoting economic growth through mobility. His recent emphasis on cultivating “new productive forces” involves championing cutting-edge technologies while also supporting traditional industries. As a Communist, Xi believes in the power of contradictory forces, expecting his comrades to navigate and adapt to these challenges. For some observers, Xi’s priorities may seem puzzling, such…

The South American Football Confederation (CONMEBOL) released a statement condemning the violence that erupted after Colombia’s Copa America semi-final win over Uruguay. The incident occurred at the Bank of America Stadium in Charlotte, North Carolina, where Colombia secured a 1-0 victory over Uruguay. Jefferson Lerma scored in the first half, and despite being reduced to 10 men after Daniel Munoz was sent off, Colombia held on to reach the final. Following the final whistle, unsavoury scenes unfolded as players and fans clashed. Uruguayan forward Darwin Nunez was among those involved in a physical altercation with Colombian supporters. Reports suggest that…

In a groundbreaking announcement, the White House revealed plans to allocate $1.7 billion towards transforming shuttered or imperiled auto manufacturing and assembly plants into facilities dedicated to producing electric and hybrid vehicles. This initiative comes at a crucial time, as the growth in new electric vehicle sales has seen a slowdown. The Biden administration aims to ensure that US electric vehicle manufacturers remain competitive in the face of a rapidly expanding Chinese industry. Earlier this year, President Joe Biden quadrupled tariffs on electric vehicles from China as part of this effort. Energy Secretary Jennifer Granholm emphasized the significance of this…

Novak Djokovic, a tennis legend, recently achieved a remarkable recovery from knee surgery, which he considers one of the top accomplishments of his illustrious career. This recovery was crucial as it allowed him to continue his pursuit of an eighth Wimbledon title, putting him on course for yet another Grand Slam victory. The 37-year-old player’s journey to the semi-finals was not without its challenges, but his determination and resilience shone through as he overcame the odds. After Alex de Minaur’s unfortunate withdrawal from their quarter-final match due to injury, Djokovic was propelled into the semi-finals, where he is set to…

In a recent report released by the Justice Department’s inspector general, flaws were found in the FBI’s procedures for handling evidence after an officer-involved shooting in 2016. The investigation began after the actions of FBI agents were questioned following a fatal standoff at an Oregon wildlife refuge. The report, released on Tuesday, concluded that shooting incident policies should be updated to address crime scene management and situations when the Justice Department is working with a state or local law enforcement partner. The investigation stemmed from the fatal shooting of LaVoy Finicum, who was killed by Oregon State Police during a…

In a statement on Tuesday, US Director of National Intelligence Avril Haines revealed that Iran is covertly attempting to stoke protests in the United States related to the conflict in Gaza. Haines stated that Iran is posing as activists online and, in some cases, providing financial support to protesters. Haines emphasized that Americans participating in protests are expressing their views in good faith. She urged Americans to remain vigilant when interacting online with accounts and actors they do not personally know, as they may be unknowingly receiving support from a foreign government. US officials believe that Iran, despite past support…