Talks on the OECD global minimum tax are close to collapse as China and several EU countries oppose a US carve‑out meant to ease compliance for multinationals. Officials warn failure could upend the pact and revive threats of retaliatory tariffs, leaving cross‑border tax rules in limbo.

The Fed cut interest rates to a three-year low, its third reduction in a row, saying a softening jobs market now outweighs inflation. Powell said the call was close, policymakers were split, and guidance remains data-dependent amid risks to employment and growth.

Washington has given Kyiv’s president days to respond to a proposed peace framework that would cede territory in exchange for security guarantees and economic relief. Allies, including the UK, urge a swift, credible plan that upholds sovereignty, with discussion of a seasonal truce.

Paramount has made an all‑cash bid for Warner Bros Discovery, derailing Netflix’s agreed deal. Backed by investors linked to Jared Kushner and Gulf capital, the move forces WBD’s board to reassess options and could reshape studio alliances and streaming competition.