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With the Securities and Exchange Commission now pursuing President Trump’s request to consider a rule that ends the mandate that public companies file quarterly reports, there’s a lot to gain for companies in time and money, and a lot for the Big Four accounting firms to lose.Trump originally proposed a switch to semi-annual reporting in a post on Truth Social a few weeks ago, saying it would “save money, and allow managers to focus on properly running their companies.”SEC Chair Paul Atkins told CNBC soon after that a rule proposal is underway, though he suggested any change would give companies…

KUWAIT:  Kuwaiti Finance Ministry Undersecretary Aseel Al-Munifi emphasized Sunday the importance of enhancing economic cooperation among GCC countries and aligning visions for joint economic action to achieve strategic goals and comprehensive development.Al-Munifi made the remarks during her chairing of the 13th meeting of senior officials of the economic and development affairs authority at the GCC Secretariat, ahead of Thursday’s seventh ministerial preparatory meeting. She said the meeting discussed mechanisms to strengthen the authority’s role and reviewed updates on the implementation of the GCC economic model and the roadmap towards Gulf economic unity by 2025. Kuwaiti Finance Ministry Undersecretary Aseel Al-Munifi…

Keith Heyde stands on site in Abilene, Texas, where OpenAI’s Stargate infrastructure buildout is underway. Heyde, a former head of AI compute at Meta, is now leading OpenAI’s physical expansion push.OpenAIIt wasn’t how Keith Heyde envisioned celebrating the holidays. Rather than hanging out with his wife back home in Oregon, Heyde spent late December visiting potential data center sites across the U.S.Two months earlier, Heyde left Meta to join OpenAI as the head of infrastructure. His job was to turn CEO Sam Altman’s ambitious compute dreams into reality, seeking out vast swaths of land suitable for expansive facilities that will…

MOGADISHU, Somalia (AP) — Somali government forces successfully ended a six-hour siege by militants at a major prison located near the president’s office in the capital, Mogadishu, killing all seven attackers, the government said Sunday. The government said no civilian or security officers were killed in the Saturday attack, which was claimed by the al-Qaeda-linked al-Shabab militant group that has in the past staged numerous attacks in Somalia.Saturday’s attack came just hours after the federal government lifted several long-standing roadblocks in Mogadishu. The barriers had been in place for years to safeguard critical government sites, but many residents argued that…

New Year celebration concept. Front view. Close-upAnna Efetova | Moment | Getty ImagesPresident Donald Trump’s “big beautiful bill” added trillions of dollars of tax breaks, some of which could impact your deduction for charitable giving.U.S. individual giving grew to $392.45 billion in 2024, up by about 5%, including inflation, from the previous year, according to Giving USA’s annual report released in June.But as the calendar winds down, your 2025 year-end giving strategy could look different than that of previous years, financial experts say.More from Personal Finance:With S&P 500 near record highs, reconsider the set-it-and-forget-it strategyWhat the government shutdown means for Social Security…

WASHINGTON (AP) — Republican and Democratic lawmakers at an impasse on reopening the federal government provided few public signs Sunday of meaningful negotiations talking place to end what has so far been a five-day shutdown.Leaders in both parties are betting that public sentiment has swung their way, putting pressure on the other side to cave. Democrats are insisting on renewing subsidies to cover health insurance costs for millions of households, while President Donald Trump wants to preserve existing spending levels and threatening to permanently fire federal workers if the government remains closed.The squabble comes at a moment of troubling economic…

TOKYO — As Japan’s answer to Margaret Thatcher seems about to ascend to the premiership, political wonks everywhere are reaching for the popcorn. With Donald Trump’s trade war and China’s increasing dominance shaking up the global order, the entrance of a strong-willed conservative Japanese leader — the first female one, no less — makes for quite a wildcard. For example, Sanae Takaichi, 64, recently discussed renegotiating the tariff deal that outgoing Prime Minister Shigeru Ishiba forged with US President Donald Trump. She’s a long-time China critic who makes regular visits to Yasukuni, a Tokyo shrine that honors Japan’s war dead.…

Ipswich Town won their first East Anglian derby for 16 years, beating their rivals Norwich City 3-1 at Portman Road.Norwich were unbeaten in the last 14 derbies in all competitions but Ipswich rid themselves of the hoodoo with goals from Cedric Kipre, Jaden Philogene and Jack Clarke. The key goal was scored by Philogene at 1-1 with the game in the balance – and what a goal it was. The winger crashed home an effort from 30 yards as the home fans lapped up every moment of a rare win over their rivals.Oscar Schwartau did level the game up after…

Day 1. Day 10. Day 50. Day 100. Day 365?!The past year has been tough on all Manchester United fans, but for Frank Illet, it really shows. Illet set himself a quirky challenge last October: he wouldn’t cut his hair until his beloved Red Devils won five games in a row.”I thought it would only go for a few months and be a bit of a laugh,” Illet told ESPN. “It was something to spread humor to Man United fans during a difficult period of time.”It didn’t feel unrealistic then, because the season before, they had won five games in…

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