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Wealthy investors have poured over $170 billion into tax-aware long-short strategies since 2022, seeking to offset capital gains taxes, but experts warn of significant risks including regulatory scrutiny and complexity.
Ryanair CEO Michael O’Leary has declined to apologize after describing rival airlines as ‘high-fare rapists,’ leading to criticism from Irish officials and a rape crisis center.
The UK government has yet to make a final decision on e-scooter regulation after six years of trials, leaving a legal gray area as privately owned devices proliferate despite being illegal on public roads.
Congress delayed federal restrictions on hemp-derived THC beverages for a second time, pushing the deadline to December while the industry seeks a regulatory framework instead of an outright ban.
The US Treasury announced a $6 billion debt buyback plan to stabilize bond markets, but the bond market continued to rise on yields, signaling investor concern over inflation and geopolitical uncertainty.
Labour mayors in England pledged to voluntarily cap a new tourist tax at 5%, responding to hospitality industry concerns about potential job losses from the uncapped levy on overnight accommodation.
