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A new report reveals that Palantir paid just 1.4% in global effective tax, including no US federal income tax and only £2m in UK corporation tax, despite holding £670m in UK government contracts. The report, commissioned by Unison and published by CICTAR, highlights profit-shifting and tax breaks as key factors.
South Korea's trade minister has asked Britain to exempt its imports of Russian LNG from planned sanctions, warning that measures set to take effect in January 2027 could undermine Seoul's energy security. The request was made in a phone call with Britain's newly appointed trade minister, Anas Sarwar.
North Korea launched a short-range ballistic missile over the Sea of Japan on Thursday, prompting responses from Seoul, Tokyo, and Washington. The launch follows Pyongyang's criticism of Japan's military build-up and comes ahead of annual US-South Korea joint exercises.
Japan marked the 81st anniversary of the Hiroshima atomic bombing, with Prime Minister Sanae Takaichi reaffirming the country's commitment to its three non-nuclear principles. Survivors warned against recent military buildup, while reports noted debates over the principles within the government.
North Korea launched a short-range ballistic missile toward the East Sea on Thursday, according to South Korea's military. The launch, which occurred from the Wonsan area around 5 p.m., has been labeled a provocation by Seoul's presidential office. The event comes ahead of planned U.S.-South Korea military exercises and follows a similar test in June.
South Korea's Trade Minister Kim Jung-kwan said the US is expected to announce the results of a Section 301 investigation into excess industrial capacity by end of August. He emphasized efforts to keep tariffs within the 15% ceiling agreed under the Korea-US trade deal and called for flexibility in workweek rules for special economic zones.
Hiroshima on Thursday marked the 81st anniversary of the U.S. atomic bombing, with Mayor Kazumi Matsui criticising major powers for waging wars and justifying nuclear weapons. Prime Minister Sanae Takaichi, attending the memorial for the first time, avoided a specific pledge to maintain Japan's non-nuclear principles, instead saying she would pursue a 'realistic approach.'
Samsung Electronics will launch its new Galaxy Z foldable smartphone lineup, including the Galaxy Z Fold 8, Fold 8 Ultra, and Flip 8, in South Korea on Friday. Preorders for the series reached a record 1.44 million units, surpassing the previous record set by the Galaxy Note 10 in 2019. The devices are powered by Alphabet's Gemini AI and will roll out to more than 100 countries.
The Trump administration has refunded approximately $100bn in tariffs collected under powers the Supreme Court struck down in February. Companies like Target and Nintendo reported windfalls, while new tariffs via different legal routes face a 25-state lawsuit.
The US State Department has notified Congress of plans to close diplomatic missions in Grenada, Japan, Indonesia, Cameroon and Canada. Critics, including Democrats, warn the cuts risk undermining American leadership and could leave a vacuum for China, while the administration cites cost-effectiveness.
As politicians and tech companies push for new nuclear power to meet growing energy demands, small modular reactors (SMRs) are gaining attention for their faster construction and smaller footprint. Yet concerns about safety, radioactive waste, and the absence of permanent repositories remain unresolved, according to Deutsche Welle.
A look at the science of sleep, distinguishing between harmful sleep deprivation and the rare genetic condition of natural short sleep, based on expert insights from researchers.
FBI Director Kash Patel has announced new law enforcement partnerships with China and Russia, involving personnel exchanges and joint operations. The cooperation has already produced results, including a major raid in Dubai and seizures of fentanyl precursors, but has also raised counterintelligence concerns.
Kim Yo Jong, sister of North Korean leader Kim Jong Un, issued a military threat in response to Japan's test-firing of a US-made Tomahawk cruise missile, accusing Tokyo of abandoning its defensive posture. The statement, carried by state media KCNA, also criticized US support for Japan's military buildup and condemned security cooperation among the US, South Korea, and Japan.
North Korea has warned it will pursue additional military options in response to Japan's expanding defense capabilities, with Kim Yo-jong accusing Tokyo of reviving the ambitions of a 'war criminal state.' The statement, issued through state media, cites Japan's Tomahawk missile test and participation in U.S.-led drills as evidence of military expansion.
US stock markets surged to record highs on Monday and Tuesday, driven by strong corporate earnings and hopes for a deal to reopen the Strait of Hormuz. Oil prices fell sharply, while US and Iranian officials offered conflicting signals on the status of negotiations.
U.S. Treasury Secretary Scott Bessent said the South Korean won has seen excess volatility and emphasized the importance of a stable yen for the entire region, following a rare joint intervention by Washington and Tokyo to support the Japanese currency. He also linked an overly weak yen to the 1990s Asian financial crisis.
South Korea's president has declared a record-breaking heatwave a national disaster, with temperatures hitting a 122-year high. Reports from multiple outlets indicate at least 16 to 21 deaths and thousands of heat-related illnesses, while a Tokyo zoo reports lion deaths.
Three lions have died of suspected heatstroke at Tokyo's Tama Zoological Park amid Japan's unusually hot and humid summer. The zoo has suspended its lion exhibit as 10 of its 16 big cats fell ill, with officials pointing to the challenge of high humidity for species adapted to dry African heat.
Japan's annual defense white paper warns that a situation similar to the conflict in Ukraine could arise in East Asia, citing a deteriorating security environment in the Indo-Pacific. The report also emphasizes integrating drones and AI to develop asymmetric capabilities against China, drawing lessons from Ukraine's conflict.