logo
Trump administration sends mixed messages on China trade pact

Trump administration sends mixed messages on China trade pact

The Star4 days ago
The US government sent mixed messages this week on where the latest trade agreement with China, including a possible extension of the pause on tariff hikes, is headed.
Asked by a reporter at the regular press briefing whether an extension of the current pause on import tariffs aimed at each others' products 'was on the table', White House press secretary Karoline Leavitt said, 'I don't think so, but I'll let [Treasury Secretary Scott Bessent] speak on that, because he's leading these negotiations.'
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Bloomberg Tax: The Only Provision Software Now With Built in ASU 2023-09 Rate Reconciliation
Bloomberg Tax: The Only Provision Software Now With Built in ASU 2023-09 Rate Reconciliation

Malaysian Reserve

time17 minutes ago

  • Malaysian Reserve

Bloomberg Tax: The Only Provision Software Now With Built in ASU 2023-09 Rate Reconciliation

ARLINGTON, Va., Aug. 6, 2025 /PRNewswire/ — Bloomberg Tax announced today a significant enhancement to its Provision software with the introduction of a new rate reconciliation report designed to adhere with the latest FASB Accounting Standards Update (ASU 2023-09). The first embedded solution of its kind, this update ensures companies can seamlessly align with the new categorical requirements, maintaining compliance with ASC 740 disclosure requirements. The new report disaggregates income tax rate reconciliations into eight specific categories, presented in both percentages and dollar amounts as required by the ASU 2023-09. It also provides additional disclosure for taxes paid across federal, state, and foreign jurisdictions, creating greater transparency for stakeholders and streamlining the often-complex tax provision process. 'The updates to Bloomberg Tax Provision demonstrate our commitment to helping companies stay ahead of regulatory changes,' said Evan Croen, head of Bloomberg Tax. 'By leveraging Bloomberg Tax Provision in conjunction with Bloomberg Tax Workpapers, corporate tax professionals can save time and enhance accuracy, all while ensuring compliance with the new FASB requirements for years to come.' The enhanced software includes new and updated reports to further simplify workflow, such as the ASU 2023-09 Rate Rec Tab Report and an updated auditor's report with the new rate reconciliation tab. The focus on automation and intuitive design offers a seamless and efficient approach to ASC 740 calculations. The FASB Accounting Standards Update 2023-09, effective for public companies with annual periods beginning after December 15, 2024, introduces heightened transparency and granularity in tax disclosures. Bloomberg Tax Provision's tools are purposely-built to address these requirements, equipping businesses with the ability to adapt their processes with ease. For more information and to schedule a demo, visit About Bloomberg Tax & AccountingBloomberg Tax & Accounting provides practitioner-driven research and technology solutions that deliver timely, strategic insights to enable smarter decisions. From our unparalleled Tax Management Portfolios to technology designed to streamline the most complex planning and compliance scenarios, we deliver essential news and analysis, practical perspectives, and software that help tax and accounting professionals around the globe mitigate risk and maximize business results. For more information, visit Bloomberg Tax.

Shamal Holding Unveils Naïa Island Dubai
Shamal Holding Unveils Naïa Island Dubai

Malaysian Reserve

time17 minutes ago

  • Malaysian Reserve

Shamal Holding Unveils Naïa Island Dubai

A Private Estate Setting New Standards in Ultra-Luxury Living DUBAI, UAE, Aug. 6, 2025 /PRNewswire/ — Shamal Holding, the Dubai-based diversified investment firm, today unveils Naïa Island Dubai – a landmark private estate set to redefine ultra-luxury living in the region. At its heart, the island will host the region's first Cheval Blanc maison, a defining moment for hospitality in the region. The maison will feature an intimate collection of suites and private villas, designed in Cheval Blanc's distinctive style: contemporary, serene, and emotional luxury. A limited number of branded beachfront residences and estate plots will be available, each with private beach access offering a rare opportunity to reside on an island where design, nature, and lifestyle exist together perfectly. Located just off Jumeirah's coastline and seamlessly connected to Dubai's principal roadways, Naïa Island Dubai has been designed as a resort masterplan shaped around open green spaces and coastal terrain. Its low-lying architecture offers unparalleled views of Dubai's iconic landmarks, beautifully framed by the open sea. It is intended to provide residents and guests with the ultimate sense of exclusivity, privacy, and natural beauty. Every amenity is designed to foster a connection with nature and a strong sense of place. From dining experiences to spa and wellness offerings, and a private marina, each element is thoughtfully integrated to flow with the island's rhythm, grounding residents and guests in the surrounding landscape. 'This marks a defining chapter in our vision to create meaningful experiences, and an exciting step forward for Shamal as we continue to curate pioneering firsts that reinforce Dubai's position as a global benchmark for exceptional, world-class living' said Abdulla Binhabtoor, CEO of Shamal Holding, 'Naïa Island Dubai offers an enduring address, one that invites presence and lives beautifully overtime.' With early works now underway, Naïa Island Dubai is poised to become one of the region's most exclusive coastal addresses, a timeless setting reserved for a discerning few. About Shamal Born in Dubai, Shamal is a diversified investment firm that cultivates the extraordinary, through a unique portfolio of investments, experiences and assets. The investments we make are strategically chosen and thoughtfully nurtured, mirroring Dubai's ambition, spirit, and energy. Our real estate portfolio spans master communities, districts, residences, retail hubs and commercial spaces, we help realise potential, delivering unique developments such as Dubai Harbour and Nad Al Sheba Gardens. We invest in a range of properties, franchises and operations across the hospitality sector from luxury, premium and affordable experiences, with extraordinary domestic and international brands as diverse as Jumeirah Zabeel Saray, Hart Shoreditch Hotel London, Baccarat Hotel & Residences Dubai, SUSHISAMBA and Five Guys. As the owning company of some of Dubai's most unique and iconic leisure and entertainment destinations, we curate extraordinary experiences every day. We also partner with best-in-class asset managers to manage a globally diversified investment portfolio. Photo: more information visit LinkedIn: @shamalholding Shamal IG: @shamalholding

ClearSky and Vibes Sign Groundbreaking RCS for Business Agreement, Opening New Revenue Streams for Regional Carriers
ClearSky and Vibes Sign Groundbreaking RCS for Business Agreement, Opening New Revenue Streams for Regional Carriers

Malaysian Reserve

time17 minutes ago

  • Malaysian Reserve

ClearSky and Vibes Sign Groundbreaking RCS for Business Agreement, Opening New Revenue Streams for Regional Carriers

ORLANDO, Fla., Aug. 6, 2025 /PRNewswire/ — ClearSky Technologies, a long-standing leader in mobile messaging innovation, has expanded its partnership with Vibes through a first-of-its-kind agreement enabling RCS for Business campaigns to flow from Vibes' enterprise clients to regional wireless carriers across the U.S. Building on their successful collaboration in the A2P messaging space, this agreement makes ClearSky the first and only non-carrier entity able to execute RCS agreements directly with aggregators on behalf of regional carriers, creating a brand-new path to revenue for the underserved regional operator market. 'Vibes is pioneering the future of RCS messaging and has always valued our relationship with ClearSky as a strategic way to reach the regional carrier space,' said Jack Philbin, CEO of Vibes. 'This was a natural extension of our growing partnership.' The complexity of RCS compliance made this agreement both groundbreaking and challenging. 'Vibes has always been a hyper-compliant organization, and their team's commitment to getting the language right was critical,' said Ron Willett, VP & GM of ClearSky. 'Just as we were wrapping things up, definitions changed again. That's when the real value of Vibes' expertise came through.' This announcement marks a major milestone in the evolution of RCS messaging. As a result of this partnership, ClearSky will now sign RCS agreements with all major aggregators—offering its regional carrier partners a new, future-facing revenue stream without the complexity of direct integrations. About Vibes Vibes' mobile-first platform creates personal, revenue-driving and long-term mobile engagement between consumers and the world-class brands they love. Industry leaders like Chipotle, Kohl's and Polo Ralph Lauren use Vibes to grow customer relationships with relevant, high-volume mobile messaging and mobile wallet marketing on a global scale. For more information, visit About ClearSky Technologies ClearSky Technologies provides mobile messaging, network optimization, and authentication solutions to regional wireless carriers across North America. With over two decades of telecom experience, ClearSky helps carriers monetize messaging traffic, improve network performance, and deliver modern mobile services at scale. Learn more at

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store