Author: admin

  • Elon Musk's new US political party faces steep challenges – Reuters

    1. Elon Musk’s new US political party faces steep challenges  Reuters
    2. Analysts say Musk’s party may be threat to Trump even without wins  Dawn
    3. Trump calls Musk’s new political party ‘ridiculous’  BBC
    4. Tesla stock tanks after Trump dismisses Musk’s new political party plan and calls him ‘off the rails’  CNN
    5. Tesla shares dive as investors fear new Elon Musk political party will damage brand  The Guardian

    Continue Reading

  • Former US IRS Official Donna McComber Returns to Baker McKenzie | Newsroom

    Former US IRS Official Donna McComber Returns to Baker McKenzie | Newsroom

    Leading global law firm Baker McKenzie announced today that Donna McComber has rejoined the Firm as a Principal Economist in Washington, DC.

    Donna is a widely recognized transfer pricing practitioner with more than 25 years of international tax experience in the US Government and private practice, including negotiating Advance Pricing Agreements (APAs) and mutual agreement procedure (MAP) cases with numerous US treaty partners. Donna has extensive experience working with multinational corporations to analyze intercompany transactions and develop creative and practical transfer pricing solutions including detailed market analyses, cost sharing agreements, intellectual property valuations, and intercompany pricing analyses for a wide range of industry sectors including financial services, automotive, technology, consumer, pharmaceutical, medical device, apparel, and retail.

    Donna served in numerous positions including Assistant Director within the Advance Pricing and Mutual Agreement (APMA) Program in the US Internal Revenue Service for over 15 years, and most recently worked at a Big Four accounting firm.

    “The international tax landscape has evolved considerably over the last few years as governments around the world focus on increasing tax revenue, and the result has been a sharp rise in double tax disputes,” said Salim Rahim, Chair of the Firm’s North America Tax Practice Group. “Donna’s government experience, especially her work negotiating APAs with US treaty partners, will be a tremendous asset to our clients who are looking to obtain certainty.”

    Baker McKenzie’s Tax Practice is one of the most highly regarded in the world. With more than 730 tax practitioners in over 40 countries, the practice collaborates across borders and specialties to stay abreast of changing tax landscapes worldwide. The Firm’s Tax advisory practice works closely with the Firm’s M&A Practice on transactions, assisting clients with post-acquisition integrations and pre-disposition restructurings, and consulting with clients on a wide variety of domestic and international tax issues.

    “Donna is a seasoned transfer pricing advisor, who is well known throughout the tax community for her elite technical skills,” said Maurice Bellan, Managing Partner of Baker McKenzie’s Washington, DC office. “More importantly, she has always been a highly-valued member of the Baker team and we are delighted to have her back.”

    “Baker has an unmatched international Tax Practice, which works on some of the most interesting and complex transfer pricing issues in the world today,” Donna added. “I am thrilled to return to the collaborative and collegial work environment at Baker, which feels like home.”

    Donna received her BA in Economics from the University of Mary Washington and her MA in Economics from Vanderbilt University.

    Continue Reading

  • How the world’s top 20 empires rank

    How the world’s top 20 empires rank

    Rank Empire Value Key operator(s) Notable sports properties (*owns 50% or less) 1 Kroenke Sports & Entertainment $21.17B Stanley Kroenke (owner, chairman), Josh Kroenke (vice chairman) NFL’s Los Angeles Rams, NBA’s Denver Nuggets, NHL’s Colorado Avalanche, Premier League’s Arsenal 2 The Jones family $15.53B Jerry Jones (owner, president, general manager of the Dallas Cowboys) NFL’s Dallas Cowboys, Legends, The Star in Frisco 3 Harris Blitzer Sports & Entertainment $14.58B Josh Harris (co-founder, co-owner), David Blitzer (co-founder, co-owner) NFL’s Washington Commanders, NBA’s Philadelphia 76ers, NHL’s New Jersey Devils, Premier League’s Crystal Palace* 4 Fenway Sports Group $14.19B John Henry (co-founder, principal owner), Tom Werner (co-founder, chairman) MLB’s Boston Red Sox, Premier League’s Liverpool, NHL’s Pittsburgh Penguins, NESN, PGA Tour Enterprises* 5 Madison Square Garden Sports Corp. $12.69B James Dolan (executive chairman, CEO) NHL’s New York Rangers, NBA’s New York Knicks, AHL’s Hartford Wolf Pack 6 AEG Worldwide $11.99B Philip Anschutz (owner), Dan Beckerman (CEO) NHL’s Los Angeles Kings, MLS’ LA Galaxy, T-Mobile Arena,* Crypto.com Arena, AXS 7 Paul G. Allen estate $11.45B Jody Allen (chair of the Seattle Seahawks and Portland Trail Blazers) NFL’s Seattle Seahawks, NBA’s Portland Trail Blazers, MLS’ Seattle Sounders* 8 The Kraft Group $11B Robert Kraft (founder, owner, chairman), Jonathan Kraft (president) NFL’s New England Patriots, MLS’ New England Revolution, Kraft Analytics, Patriot Place 9 Golden State $10.85B Joe Lacob (owner, co-executive chairman, CEO), Peter Guber (owner, co-executive chairman) NBA’s Golden State Warriors, WNBA’s Golden State Valkyries, Chase Center, Thrive City 10 Yankee Global Enterprises $10.48B Hal Steinbrenner (owner, chairman, managing partner) MLB’s New York Yankees, MLS’ New York City FC,* YES,* Legends,* Serie A’s AC Milan* 11 Maple Leaf Sports & Entertainment $10.23B Keith Pelley (president, CEO), Larry Tanenbaum (chairman) NHL’s Toronto Maple Leafs, NBA’s Toronto Raptors, MLS’ Toronto FC, Canadian Football League’s Toronto Argonauts 12 The Glazer family $10B Bryan Glazer (co-owner of the Tampa Bay Buccaneers; director of Manchester United), Joel Glazer (co-owner of the Tampa Bay Buccaneers; co-chairman of Manchester United) NFL’s Tampa Bay Buccaneers, Premier League’s Manchester United 13 Shahid Khan $9.88B Shahid Khan (owner of the Jacksonville Jaguars, Fulham FC, All Elite Wrestling), Tony Khan (CEO, GM and head of creative of All Elite Wrestling) NFL’s Jacksonville Jaguars, Premier League’s Fulham FC, All Elite Wrestling 14 Gayle Benson $9.77B Gayle Benson (owner of the New Orleans Saints and New Orleans Pelicans) NFL’s New Orleans Saints, NBA’s New Orleans Pelicans 15 Stephen Ross $9.55B Stephen Ross (owner, chairman of the Miami Dolphins), Tom Garfinkel (CEO of the Miami Dolphins; managing partner of Formula 1 Crypto.com Miami Grand Prix) NFL’s Miami Dolphins, Formula 1 Crypto.com Miami Grand Prix, Miami Open Tennis* 16 The York family $9.22B Denise DeBartolo York (owner and co-chairman of the San Francisco 49ers), John York (owner and co-chairman of the San Francisco 49ers) NFL’s San Francisco 49ers, Premier League’s Leeds United, Elevate Sports Ventures,* Scottish Premiership’s Glasgow Rangers* 17 Haslam Sports Group $9.07B Jimmy Haslam (owner, co-chairman), Dee Haslam (owner, co-chairman) NFL’s Cleveland Browns, MLS’ Columbus Crew, NBA’s Milwaukee Bucks* 18 The Hunt family $8.35B Clark Hunt (co-owner, chairman, CEO of the Kansas City Chiefs and FC Dallas), Dan Hunt (co-owner and president of FC Dallas; co-owner of the Kansas City Chiefs) NFL’s Kansas City Chiefs, MLS’ FC Dallas, NBA’s Chicago Bulls* 19 Monumental Sports & Entertainment $7.84B Ted Leonsis (founder, owner, chairman, managing partner) NBA’s Washington Wizards, NHL’s Washington Capitals, Monumental Sports Network, WNBA’s Washington Mystics 20 City Football Group $7.65B Sheikh Mansour bin Zayed Al Nahyan (owner), Khaldoon Al Mubarak (chairman) Premier League’s Manchester City, MLS’ New York City FC, A-League’s Melbourne City FC, Brazilian Serie A’s Esporte Clube Bahia, Sapphire Sport*

    Continue Reading

  • ‘The Irresistible Urge to Fall for Your Enemy’: Romantasy, Part 1

    ‘The Irresistible Urge to Fall for Your Enemy’: Romantasy, Part 1

    Book Review

    The Irresistible Urge to Fall for Your Enemy: Book 1 of the Dearly Beloathed Duology

    By Brigitte Knightley
    Ace: 384 pages, $30
    If you buy books linked on our site, The Times may earn a commission from Bookshop.org, whose fees support independent bookstores.

    Brigitte Knightley’s debut novel, “The Irresistible Urge to Fall for Your Enemy,” has everything fans of enemies-to-lovers romance are looking for: disagreement that becomes flirtatious banter, ethical quandaries, forced proximity, and characters who can overcome their prejudices to see a human beneath a label. Featuring a brutal assassin and a magical healer forced to work together while trying — desperately — not to fall in love, the heat of this romantasy novel is perfect for warm summer nights.

    Osric Mordaunt, considered a dark magic user, is part of an order of assassins hated and dismissed by Aurienne Fairhrim’s light magic order of healers. When Osric seeks medical treatment for a degenerative condition, he gets roped into helping Aurienne’s order cure an outbreak of pox that is killing children in droves. The pair traipses around seeking healing under romantic full moons and become involved in spycraft that reveals evidence that the outbreak is not what it seems. They begin to see each other beyond their individual allegiances, but it happens slowly, prejudices unraveling at a crawling pace. The author’s bio declares that she puts the unresolved back in “unresolved sexual tension,” and it’s true: Knightley is a master of the slow burn.

    There is plenty of fun along the way: Getting to know both magical orders, their fortes and foibles, is a squelching, bodily fluid-filled delight: The only thing sharper than their wit is the divide that separates their lives. The magic system has an almost science-fiction element to it, with lots of medical talk about magical maladies and a well-rendered in-line breakdown of how “Outlander”-esque menhir travel works. Aurienne is as much a scientist as a witch, which is a treat in a genre overrun by wand-waving laziness. The novel is set in the 19th century, but in a version of England where the Norman Conquest of 1066 failed. Instead of a unified empire, the smaller kingdoms of the Heptarchy still dominate, their various dangerous machinations providing the raison d’être for the differing orders.

    “Irresistible” might be set in the period we know as the Victorian era, and there are royals and attendant paraphernalia, but lovers of polite courtly romances might want to steer clear. With more dick jokes than a Deadpool movie, Knightley’s novel is dirty. Sexual attraction is not hidden behind genteel metaphors; Aurienne and Osric want. They’re not blushing virgins on their way to an altar, but adults who have loved and lost, who each bring a trolley’s worth of emotional baggage and sexual preferences to their relationship. Their self-awareness is part of the charm; they might wield magic like us mortals wield butter knives, but they’re relatable.

    Readers plugged into the world of fan fiction may recognize the author’s name, which is a pseudonym. Writing under a previous nom de plume, isthisselfcare, Knightley gained an enormous fan base dedicated to “Draco Malfoy and The Mortifying Ordeal of Being in Love,” her 199,000-word Dramione — short for Hermione Granger/Draco Malfoy — on a popular fan-fiction site. With a Jane Austen-influenced voice, it was ironic, sarcastic and delightful. Knightley’s new novel is like a grown-up version of “Mortifying” — more mature, more grounded and more voicey than ever. Fans will be pleased to see how she’s grown.

    People love to denigrate fan-fiction writers, though some of today’s most popular authors started as fan-fiction writers: Cassandra Clare, Naomi Novik and Andy Weir, to name just three. Novels like “Irresistible” are proof positive that writing fan fiction is an excellent training ground for building a novel. To write truly great fan fiction, a writer must identify what makes the source material sparkle and then replicate it. It’s not enough to graft existing characters into new situations. The most effective fan fiction shows readers how characters can continue to grow beyond the bounds of the original work while remaining consistent with the source material. That exercise in maintaining consistency and internal logic is excellent practice for creating original worlds.

    In some cases, that also means identifying elements about characters that original authors themselves might not see. This was especially true of the explosion of Draco/Hermione fic after the Harry Potter series ended. Where author J.K. Rowling saw an irredeemable villain in Draco Malfoy, thousands of people saw an abused child who had grown up in a dangerous household and was trying to survive. Fan fiction allowed writers to transform Draco into a good person who falls in love with his childhood enemy; this gave readers the redemption arc Rowling set up but didn’t follow through on. There are tens of thousands of fics that explore this arc.

    Literary-minded sociologists could probably study how millennial women never fully recovered from Draco’s lost redemption. The preponderance of platinum blond bad boys with chances at redemption has only grown as the girls who grew up reading Harry Potter became authors themselves: Coriolanus Snow in Hunger Games trilogy prequel “Ballad of Songbirds and Snakes,” Sebastian Morgenstern in “City of Glass,” Cardan in “The Cruel Prince.” (“Buffy’s” Spike is a clear predecessor.)

    With Knightley’s debut, we can add Osric Mordaunt to the list. He is a tragic figure, doomed to a life filled with violence after an abusive childhood. He’s shaken out of this destiny by meeting the STEMinist figure Aurienne, who accepts no excuses for his bad behavior.

    Though Osric seems to have Malfoy DNA at his heart, the rest of the cast is original and well-developed. That said, Aurienne does toe the line between aloof and arrogantly unlikable. We get the hint that she has a dark backstory, that her snark is a shield, but we’ll have to wait for Book 2 to find out. Until then, “Irresistible” will probably inspire fan fiction of its own, training a new generation of authors.

    Castellanos Clark, a writer and historian in Los Angeles, is the author of “Unruly Figures: Twenty Tales of Rebels, Rulebreakers, and Revolutionaries You’ve (Probably) Never Heard Of.”

    Continue Reading

  • Apple’s latest iPad mini is cheaper than ever for Prime Day

    Apple’s latest iPad mini is cheaper than ever for Prime Day

    The latest Apple iPad Mini is on sale for a record-low price as part of the Prime Day extravaganza. The tablet is available for $380, which is a discount of $120. That’s a pretty good deal for a device that’s only around nine months old.

    This tablet made our list of the best iPads and we recommend it specifically for people who want a device with a smaller form factor. It’s the only tablet that Apple makes in this size. Don’t let the size fool you, however, as this is a full-featured iPad. It supports the Apple Pencil Pro and starts at 128GB of storage.

    Apple

    We called it “reliable” and everything we “want in a small tablet” in our official review. The speakers sound great, which has become standard with modern Apple devices, and the form factor makes it easy to hold for long periods of time without causing hand cramps. It’s an iPad, just smaller.

    There are a couple of little caveats. The display is limited to a 60Hz refresh rate, which could impact some action-heavy games. There’s also no Face ID here, which forces users to enter a password or use a fingerprint.

    Continue Reading

  • Honey from native Australian bees shows promise in addressing AMR Labmate Online

    Honey from native Australian bees shows promise in addressing AMR Labmate Online


    ‘Sugarbag’ honey, long used by the Australian First Nations peoples, may be commercially scalable


    Resistance to synthetic antibiotics continues to pose a serious global health challenge. While European honeybee products and various other natural substances have been explored as alternative therapeutics, little has previously been known about the medicinal potential of honey from Australian native bee populations.

    Research led by Dr Kenya Fernandes from the University of Sydney has revealed the notable antimicrobial properties of honey produced by three Australian stingless bee species: Tetragonula carbonariaTetragonula hockingsi, and Austroplebeia australis.

    Known collectively as ‘sugarbag bees’, these native species have historically provided both nourishment and traditional remedies for the Aboriginal and Torres Strait Islander communities. The honey has been used to treat conditions such as sores and itchy skin.

    The study found that the honey maintains its antimicrobial potency even after heat treatment and prolonged storage. This differentiates it from conventional honeybee honey and underscores its potential as a stable, sustainable treatment option against drug-resistant infections.

    “Given the growing medical challenge of antimicrobial resistance, our findings suggest stingless bee honey could complement, or provide a valuable alternative to, synthetic antibiotics,” said Dr Fernandes.

    Unlike the more common honey from the European honeybee – Apis mellifera – which depends heavily on hydrogen peroxide for its antimicrobial effect, honey from stingless Australian bees displays high levels of both peroxide and non-peroxide activity. In fact, when hydrogen peroxide was removed in tests, the honey continued to demonstrate antimicrobial activity.

    “Manuka honey from honeybees displays strong non-peroxide antimicrobial activity, which is one reason why its production has been a commercial success,” continued Dr Fernandes.

    “However, that is largely reliant on the source of its nectar from specific myrtle plant. In contrast, the persistent antimicrobial activity of heat-treated, non-peroxide honey from stingless Australian bees across diverse locations and nectar sources suggests there is something special about these bees, rather than just nectar, that plays a critical role here,” she concluded.

    Co-author of the paper, Professor Dee Carter, noted: “We discovered the antimicrobial activity is consistent across all sugarbag samples tested, unlike honeybee honey, which can vary significantly based on seasonal changes and floral sources.”

    This reliability may prove beneficial in developing commercially viable medical products. However, the research also highlights challenges. Each stingless beehive produces only about half a litre of honey per year, raising concerns about large-scale supply.

    “While the yield is small, these hives require less maintenance than traditional beehives, allowing beekeepers to manage larger numbers,” said co-author Dr Ros Gloag.

    “With proper incentives, such as commercial value for the honey, it is feasible to cultivate more hives, providing a pathway for commercial scalability.”

    Researchers emphasise that the honey’s broad antimicrobial profile, combined with evidence that microbes rarely develop resistance to honey, makes it an appealing candidate for therapeutic use.

    “While we have yet to test the honeys against drug-resistant bacteria specifically, the presence of multiple antimicrobial factors significantly reduces the likelihood of resistance developing,” said Dr Fernandes.

    And, notably, Food Standards Australia New Zealand last year approved native stingless bee honey for human consumption, opening up opportunities for domestic and international trade.

    Dr Fernandes is an Australian Research Council DECRA Fellow in the School of Life and Environmental Sciences at the University of Sydney. She is also a member of the Sydney Infectious Diseases Institute and the Centre for Drug Discovery Innovation.


    For further reading please visit: 10.1128/aem.02523-24 



    Continue Reading

  • Trump’s New Trade Threats Set Off Global Scramble to Avoid Tariffs – The New York Times

    1. Trump’s New Trade Threats Set Off Global Scramble to Avoid Tariffs  The New York Times
    2. US delays higher tariffs but announces new taxes for some countries  BBC
    3. Trump says US to start sending out tariff letters to trade partners  BBC
    4. Trump ramps up trade war with tariff blitz targeting 14 countries  Al Jazeera
    5. Trump sets 25% tariffs on Japan and South Korea, and new import taxes on 12 other nations  AP News

    Continue Reading

  • Figure skating: Uno Shoma on being a producer, his ice dance challenge and what lies ahead

    Figure skating: Uno Shoma on being a producer, his ice dance challenge and what lies ahead

    Uno Shoma: ‘It’s important to enjoy what I do’

    Joy remains at the root of Uno’s life. When he retired last year, he left with a smile, not tears, and zero regrets over a career many would kill for.

    Uno used to chase Nathan Chen and Hanyu Yuzuru, the two skaters he most admired, which fuelled his motivation to compete. Now, Uno finds his drive in working with others, not against.

    Uno even sees figure skating in a different light now. As a competitor, it was all about the jumps. These days, he’s been made to think more deeply about things like expression — and the elements that make up the whole.

    Working on ‘Ice Brave’ has been a liberating experience for Uno. As a producer, he has to worry about every detail of the show including the other performers whereas when he skated singles, the focus was solely on himself and how to get the most out of Uno Shoma.

    “I always skated by myself not only in ice dance but to skate with others, as a couple, is a lot of fun,” he says. “No matter how tired you might be, you’re not alone so you can keep going and because you have someone there, it’s easy push your boundaries. And I love that you can have such a mindset.

    “Me personally, I always had this idea of an ice show being something you watch quietly in your seat but for mine, I wanted it to be a gig, something fans feel like they could be a part of. That was first and foremost.

    “But we’ve been able to realise everything I imagined and wanted to see from the beginning. I’m really glad I did ‘Ice Brave.’”

    It remains to be seen where Uno’s journey heads after this weekend. Yet it should be an interesting one, for sure.

    “First of all it’s important to enjoy what I do. But if a time comes when I feel stronger about aiming higher than having fun. Then I’ll put having fun on hold and work hard towards whatever that is.

    “But everything I’m doing now is built on skating. I’m not trying to be modest here. If I feel confident I can do something, I’ll say it. If not, I’ll say I can’t.

    If I get asked in the future, I’ll be clear on what I can or can’t do. To feel like I’ve left everything out there as a skater when it’s all said and done, that’s my primary goal for the time being.”

    Continue Reading

  • Finland breaks quantum record with 1-millisecond qubit coherence

    Finland breaks quantum record with 1-millisecond qubit coherence

    Finnish researchers at Aalto University have made a significant advancement in quantum computing. The team achieved a new scientific record for transmon qubit coherence time, a key performance metric in quantum computing.

    Specifically, they achieved an echo coherence time of 1 millisecond for a transmon qubit, with a median of 0.5 milliseconds. This crushes previous records of around 0.6 milliseconds.

    For those who are not aware, coherence time refers to the duration during which a qubit can maintain its quantum state without errors due to environmental noise. In other words, the qubits can remain in a fragile quantum state (also known as superposition) for longer before decohering.

    When this happens, the qubit loses all its quantum information. Therefore, longer coherence times equate to more time to perform complex operations without losing fidelity.

    Longer coherence = better quantum computing

    It also reduces the need for heavy quantum error correction, which is crucial for scaling up to practical, fault-tolerant quantum computers. Simply put, the longer this time, in theory at least, the more usable a quantum computer becomes.

    “Quantum computers are [on] the verge of becoming useful with the increasing qubit coherence and fidelity. The first applications seem to lie in solving hard but short mathematical problems, such as high-order binary optimization problems,” Mikko Möttönen, Professor of Quantum Technology at Aalto University, told IE.

    To achieve this incredible feat, the team built high-quality transmon qubits in cleanroom facilities at Aalto University. The required superconducting materials came from VTT, Finland’s national research institute.

    They utilized Micronova cleanrooms, a component of Finland’s OtaNano infrastructure. The setup was led by Ph.D. student Mikko Tuokkola and supervised by Dr. Yoshiki Sunada (now at Stanford).

    “At the moment, quantum error correction is only moderately improving qubit coherence because of still too frequent errors on the physical qubits. Thus, several factor-of-two improvements are required for efficient quantum error correction, and these first ones provide the most advantage in terms of the required number of physical qubits,” Möttönen explained to IE.

    The achievement is not just a significant win for the team, but also for Finland as a whole. It can, in part, help Finland position itself as a global leader in quantum technology.

    Quantum computers within five years?

    The work is also supported by major initiatives, including the Finnish Quantum Flagship (FQF) and the Academy of Finland’s Centre of Excellence in Quantum Technology. Aalto’s Quantum Computing and Devices group is opening new positions to accelerate future breakthroughs.

    “This landmark achievement has strengthened Finland’s standing as a global leader in the field, moving the needle forward on what can be made possible with the quantum computers of the future,” Möttönen explained.

    Looking ahead, achievements like this are edging us closer to real-world applications of quantum computers, perhaps even within the next five to ten years.

    “It appears to me that industrial and commercial use of this technology is likely within the next five years, first in the form of early NISQ algorithms and then in the lightly error-corrected machines,” he said.

    Continue Reading

  • Borja Sainz: Porto closing in on Norwich City forward

    Borja Sainz: Porto closing in on Norwich City forward

    Norwich City are edging closer to an agreement to sell Spanish forward Borja Sainz to Portuguese side Porto.

    The Canaries are braced for an improved offer from the 30-time Primeira Liga winners and there is an expectation a deal will be done for around £15m.

    Sainz, 24, has one year left on his contract at Carrow Road and is eager to move after scoring 18 goals in the Championship last season.

    He finished as the division’s joint second highest scorer behind only Leeds’ Joel Piroe, but Norwich ended the season in 13th place, 11 points off the play-off places.

    His fellow Canaries striker Josh Sargent also has interest, from Burnley, with Norwich looking for around £20m for the United States international.

    Sargent has three years left on his contract in Norfolk with the Canaries in a strong bargaining position, but there is an acceptance the 25-year-old can move if it is the right deal.

    He has scored 48 goals in 133 appearances since joining from Werder Bremen in 2021.

    Liam Manning’s side are expected to complete a deal for Denmark and Brondby striker Mathias Kvistgaarden, 23, as they plan for the scenario of losing both Sargent and Sainz.

    Continue Reading