Department Financial News

nuclear weapons against each other or make a political statement in this regard, the Chinese foreign ministry's arms control department said. Director general of the department, Sun Xiaobo, called on nuclear states to fulfil their «special and priority responsibilities» on nuclear disarmament according to the U.N. Conference on Disarmament, which seeks to prevent nuclear war, official news agency Xinhua said on Wednesday. During the forum's weekly meeting in Geneva on Monday, Sun said the body should define a roadmap or timetable for an international legal instrument that would protect non-nuclear-weapon states from the threat of nuclear weapons.

U.S. dollar held steady as traders brushed off durable goods data overnight and awaited the Federal Reserve's preferred measure of inflation due Thursday for clues on when the U.S. central bank may start cutting interest rates. The Reserve Bank of New Zealand's (RBNZ) interest rate decision later in the Asian morning also has market participants on edge, with the New Zealand dollar calm ahead of what could turn out to be a significant policy meeting.

By Brigid Riley

The U.S. government is threatening to sue PacifiCorp, a unit of Warren Buffett's Berkshire Hathaway, to recover nearly $1 billion of costs related to the 2020 wildfires in southern Oregon and northern California

Stocks that traded heavily or had substantial price changes on Tuesday: AutoZone, Macy’s rise; Unity Software, CarGurus fall

The U.S. and United Kingdom sanctioned a deputy commander of Iran’s Islamic Revolutionary Guard Corps and a Houthi militant member, Tuesday

Macy’s will close 150 unproductive namesake stores over the next three years, including 50 by year-end

President Joe Biden's administration is announcing funding for 17 projects to expand renewable energy access on Native American reservations and in other rural areas

New York Life has agreed to pay $19 million to end a lawsuit over the company’s use of its own investment products in its 401(k) plans.

The blockbuster earnings report last week from chip maker Nvidia proved that companies are willing to spend big for artificial intelligence. In corporate settings, that money is often allocated directly from the top. Unlike previous waves of innovation that were funded by information-technology departments’ internal budgets, some companies are setting up allocations just for AI.

Investing.com — Macy's (NYSE:M) has unveiled an annual net sales forecast that missed average analyst estimates, as the Bloomingdale's owner unveiled strategy overhaul aimed at creating a «more modern» business.

corruption cases, probity watchdog CVC has suggested «delayering» by limiting the levels of processing and speeding up decision making. The Central Vigilance Commission (CVC) has issued guidelines from time to time, prescribing the time limit for completion of different stages of actions in vigilance related matters. «It has been observed that there are occasions when action in vigilance matters has been unduly delayed. One of the reasons for such delay has been found to be that the levels of examination/processing of vigilance matters are more than the required levels. The levels of processing of vigilance matters in different organisations also lacks uniformity,» the CVC said in an order. It said that in order to avoid delay in vigilance matters, the organisations concerned should review the levels of processing of such matters and should bring down the levels to a maximum of four.

Tata Motors, Mahindra, and Hyundai argue against any preferential tax treatment for these vehicles. These companies account for over 85% of the Indian car market, effectively making this an industry-wide discord. Both the camps have lobbied with various government departments and ministries, including the Prime Minister’s Office.

Income Tax (I-T) Department has introduced on-screen functionality on the compliance portal of its e-filing website to address "mismatch" in information from third parties compared to taxpayers' I-T Returns (ITR), it said on February 26. The I-T Department said it has identified discrepancies in the information received from third parties regarding interest and dividend income when compared to taxpayers' ITR. Notably, some taxpayers have not filed their ITR, it added.

bomb threat call was received at the Indira Gandhi International Airport in the national capital on Tuesday, which later turned out to be a hoax, Delhi Police said. According to official, the hoax call of bomb threat was received at the airport at around 5.15 am regarding a flight from Delhi to Kolkata, which was scheduled to depart from IGI Airport After an inquiry, the call was found to be bogus, Delhi Police said.

Central India on Tuesday. A Met department spokesperson told PTI that several parts of Rajasthan, including Jodhpur, Ajmer, Kota and Jaipur, will likely receive light rain at isolated places in the next 48 hours due to a new western disturbance, on Monday. “There is a possibility of the formation of an induced circulation system in western Rajasthan and surrounding areas due to the activation of another intense western disturbance from March 1," according to the Meteorological Center Jaipur.

major copper mine proposed in central Montana can proceed after the state's Supreme Court ruled Monday that officials had adequately reviewed the project's environmental effects. The court's 5-2 decision overturns a 2022 lower court ruling that effectively blocked work on the Black Butte mine north of White Sulphur Springs by revoking its permit. Attorneys for Montana Trout Unlimited and other conservation groups claimed the mine's permit from the Department of Environmental Quality, or DEQ, was unlawful.

Elijah Vue is still missing nearly a week after he disappeared from a home in Two Rivers, Wisc. As police and volunteer search efforts continue, Vue’s mother faces a criminal charge that she was party to child neglect and allegedly sent the three-year-old to stay with a man for “disciplinary reasons.”Vue is described as being ethnically white and Hmong, an ethnic minority group that hails from southern China and northern Southeast Asia.

JPMorgan upgraded Gap, Inc. (NYSE:GPS) to Neutral, added American Eagle Outfitters (NYSE:AEO) to its positive catalyst watch list, and removed Savers Value Village (SVV) from its analyst focus list in a wide-ranging note covering department stores and specialty softlines on Monday.

International tax treaties can be extremely confusing for the layman. That is because the provisions in such treaties are drafted in a very convoluting manner. And it is not just the layman who is confounded.

By David Shepardson