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Russia’s economy has slowed to a pace that could jeopardize its ability to cover surging defense, security, and social costs, warned a top business leader.”It seems to me that indeed, this cooling or ‘managed soft landing’ is not very soft and not very managed,” Alexander Shokhin, the head of the Russian Union of Industrialists and Entrepreneurs, told Rossiya 24 TV channel on Tuesday.Shokhin said that at the start of the year, officials assumed Russia needed at least 2% annual growth to cover defense, security, social spending, and investment. But growth is now expected to fall well short of that target.He…

This as-told-to essay is based on a conversation with Christopher Zhang, 27, the founder of Cryozone China. His words have been edited for length and clarity.I left high school two months into my senior year. I believed my path didn’t have to be high school to college to job to rat race. I’d always been different, and that difference gave me the determination to eventually open my own business in China.I grew up in Shanghai, and before dropping out in 2016, I spent most of my free time working part-time jobs: English-Mandarin translator, assistant for a nightclub owner, PA for…

The Internal Revenue Service and its community partners are seeking volunteers to support the Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs.VITA and TCE sites are generally available for individuals and families who are eligible for the Earned Income Tax Credit, and help such populations as persons with disabilities, limited English speakers, senior citizens and others. Volunteers range from high school students to retirees. Anyone looking to gain professional experience while helping their community is encouraged to sign up:No experience necessary. The IRS offers free specialized training to volunteers.Flexible hours and locations. Hours are generally available at night and on…

Elon Musk stands in the Oval Office to attend a press event with U.S. President Donald Trump, at the White House in Washington, D.C., U.S., May 30, 2025. Nathan Howard | ReutersElon Musk this week urged his followers to cancel their Netflix subscriptions over a controversy surrounding an animated show and its creator.Musk on Wednesday posted on his X platform saying, “Cancel Netflix for the health of your kids.” The post was in response to an image accusing Netflix of carrying out a “transgender woke agenda.”The controversy seems to stem from conservative backlash over an animated Netflix show “Dead End:…

Loan wolf; collection plate; Tony who?; and other highlights of recent tax cases. Augusta, Georgia: Allen Brown, 41, operator of a ghost prep business has been sentenced to 46 months in prison after pleading guilty to wire fraud conspiracy.In 2022 and 2023, Brown and several individuals operated a ghost prep business at three Augusta locations, including a church and Brown’s residence. Brown failed to identify himself as a paid preparer on the federal income tax returns that he prepared and filed for clients. He fabricated income to qualify his clients for tax credits, claimed fake deductions to inflate refunds and charged clients a…

Sanjay Shah in 2020Christopher Pike/Bloomberg Danish tax authorities lost a London suit against dozens of hedge funds and traders who used complex tax trades to swindle it out of around 12 billion kroner ($1.9 billion).The decision is a blow to the efforts of the Danish tax agency, known as Skat, to recoup money it said it lost from firms including Solo Capital Partners — a hedge fund that specialized in the controversial tax trades. Its founder Sanjay Shah is currently serving a 12-year prison sentence in Denmark. Other civil suits in different jurisdictions have found in Skat’s favor. “Skat failed to…

Sean Combs is scheduled to appear in federal courtroom in New York on Friday to face sentencing for his conviction on prostitution-related charges. Mike Coppola/Getty Images hide caption toggle caption Mike Coppola/Getty Images On Friday, the high-profile trial of Sean Combs, which was marked by explosive allegations against the mogul, crowds of his supporters and weeks of painstakingly graphic testimony and evidence, will reach its final stage. Combs, who has been in custody since his arrest in 2024, will appear at a sentencing hearing in New York City to advocate for his imminent release. Federal prosecutors are expected to request…

My eighth-grade home economics class taught me that chores get done faster when you work in pairs. One person scrubs the dishes while the other dries and puts them away.So, imagine if your significant other keeps asking where you keep the pot lids or insisting that the dishes look cleaner when you do them. Perhaps you decide that dishwashing should be a solo chore. Anything is better than having to give your partner a nightly tour of the kitchen.This pattern of deliberately performing a task poorly to avoid doing it is called weaponized incompetence. Social media is full of examples…

2025-10-02T14:45:19Z Share Facebook Email X LinkedIn Reddit Bluesky WhatsApp Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. Home buyers are getting some relief in the form of lower home prices recently. That’s partly due to rising inventory and more sellers being willing to slash prices in key metros. San Diego-Chula Vista-Carlsbad topped the list of markets where prices are dropping the fastest. House hunters, we have…

The Internal Revenue Service continues to seek feedback regarding the draft instructions for Form 6765 and is extending the dates for reporting requirements related to the Credit for Increasing Research Activities, a.k.a. the research credit.After publishing drafts of the Form 6765 and related instructions last year, the IRS received comments in which external stakeholders requested additional time to share feedback. The agency has decided to extend the comment period for the draft instructions through March 31.Interested parties may submit feedback about the Form 6765 instructions to [email protected] with the subject line “Instructions for Form 6765.” The IRS expects to release revised Form…