Wednesday☕️

Wednesday☕️

Trending:

  • EU Court Of Justice Apple Ruling
  • U.S. CENTCOM Activity

Markets:

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EU Court Of Justice Apple Ruling:

  • The European Court of Justice recently ruled against Apple in a long-standing legal dispute over its tax arrangements in Ireland, marking the conclusion of a 10-year case. The case originated in 2016 when the European Commission mandated that Ireland recover up to €13 billion ($14.4 billion) in back taxes from Apple, claiming the company had benefited from unfair tax benefits. Apple has consistently denied this, asserting that it had complied with all applicable tax laws in both Ireland and the United States.
  • The ruling is seen as a significant moment in Europe’s efforts to challenge the tax practices of major multinational corporations. Throughout the legal battle, Ireland has stood by Apple, stating that the country did not provide preferential treatment to the company or any other taxpayer. Ireland has long maintained that Apple’s tax payments were appropriate under its legal framework at the time. Now that the court's decision has been finalized, the Irish government will begin the process of reclaiming the funds that were previously held in escrow during the litigation.
  • Apple’s response to the decision has focused on its compliance with international tax laws, arguing that it has always met its obligations to pay taxes in the countries where it operates. The company also emphasized that the dispute revolved around which country should collect the taxes in question, not the total amount owed. Apple has been critical of the European Commission’s efforts to retroactively alter tax rules, noting that the relevant income was already taxed in the U.S.
  • As a result of the court's ruling, Apple will incur a one-time tax charge of about $10 billion in its fourth fiscal quarter of 2024. The outcome of this case has broader implications for global tax policy, especially for how multinational companies structure their tax affairs in Europe. It also underlines the increasing regulatory scrutiny tech giants face regarding their operations and tax arrangements across the continent.

U.S. CENTCOM Activity:

  • On September 9, U.S. Central Command (CENTCOM) reported the destruction of two Iranian-backed Houthi missile systems and one support vehicle in Houthi-controlled areas of Yemen, along with the downing of a Houthi unmanned aerial vehicle over the Red Sea. These strikes were carried out in response to clear threats to U.S. and coalition forces, as well as merchant vessels in the region. CENTCOM stated that the actions were taken to safeguard freedom of navigation and secure international waters for U.S., coalition, and commercial ships.
  • On September 8, CENTCOM forces successfully destroyed three Iranian-backed Houthi uncrewed aerial vehicles and two missile systems in Yemen. This operation targeted Houthi military assets that were increasingly posing risks to regional stability and maritime safety, as part of a broader strategy to neutralize their threats. Similarly, on September 6, CENTCOM neutralized one Houthi uncrewed aerial vehicle and a support vehicle in Yemen. This action continued the ongoing efforts to disrupt Houthi capabilities in the region, reducing the risks to U.S. and coalition forces and international shipping.
  • These military operations are part of an increased U.S. presence in the Middle East, which is responding to escalating tensions fueled by Iranian-backed groups such as Hamas, Hezbollah, the Houthis, the IRGC (Islamic Revolutionary Guard Corps). The growing influence of these forces has led to a heightened U.S. military focus on countering threats to stability, regional security, and the free flow of goods through critical maritime routes.

Statistic:

  • Largest food companies by market capitalization:
  1. 🇨🇭 Nestlé: $269.12B
  2. 🇺🇸 McDonald: $208.95B
  3. 🇬🇧 Unilever: $163.54B
  4. 🇺🇸 Mondelez: $100.35B
  5. 🇮🇳 Hindustan Unilever: $81.18B
  6. 🇺🇸 Chipotle Mexican Grill: $74.23B
  7. 🇬🇧 Compass Group: $55.12B
  8. 🇺🇸 DoorDash: $51.77B
  9. 🇫🇷 Danone: $47.16B
  10. 🇺🇸 Kraft Heinz: $42.94B
  11. 🇺🇸 General Mills: $41.65B
  12. 🇺🇸 The Hershey Company: $41.03B
  13. 🇺🇸 Sysco: $38.58B
  14. 🇨🇭 DSM-Firmenich: $35.85B
  15. 🇳🇱 Ahold Delhaize: $31.98B
  16. 🇨🇭 Chocoladefabriken Lindt & Sprüngli: $30.23B
  17. 🇨🇦 Restaurant Brands International: $29.99B
  18. 🇨🇳 Muyuan Foods: $29.70B
  19. 🇮🇳 Nestlé India: $29.13B
  20. 🇺🇸 Archer Daniels Midland (ADM): $28.23B
  21. 🇨🇳 Foshan Haitian Flavouring and Food: $27.83B
  22. 🇮🇳 Zomato: $27.78B
  23. 🇺🇸 Kellogg's: $27.51B
  24. 🇺🇸 McCormick & Company: $22.50B
  25. 🇺🇸 Tyson Foods: $22.48B
  26. 🇨🇦 George Weston: $21.63B
  27. 🇬🇧 Associated British Foods: $20.99B
  28. 🇯🇵 Ajinomoto: $19.37B
  29. 🇺🇸 Darden Restaurants: $18.43B
  30. 🇮🇪 Kerry Group: $17.98B
  31. 🇺🇸 Hormel Foods: $17.66B
  32. 🇺🇸 Conagra Brands: $15.70B
  33. 🇹🇼 Uni-President Enterprises: $15.43B
  34. 🇺🇸 Campbell Soup: $15.25B
  35. 🇸🇬 Wilmar International: $15.04B
  36. 🇲🇽 Grupo Bimbo: $14.86B
  37. 🇸🇦 Almarai: $14.70B
  38. 🇺🇸 Domino's Pizza: $14.57B
  39. 🇺🇸 US Foods: $14.05B
  40. 🇺🇸 CAVA Group: $13.68B
  41. 🇺🇸 Bunge: $13.62B
  42. 🇧🇷 JBS: $13.57B
  43. 🇸🇬 Grab Holdings: $13.26B
  44. 🇫🇷 Sodexo: $13.05B
  45. 🇨🇳 Yum China: $12.99B
  46. 🇯🇵 Kirin Holdings: $12.77B
  47. 🇺🇸 J.M. Smucker Company: $12.65B
  48. 🇺🇸 Wingstop Restaurants: $11.13B
  49. 🇺🇸 Performance Food Group: $11.10B
  50. 🇯🇵 Kikkoman: $10.91B
  51. 🇧🇪 Lotus Bakeries: $10.80B

Article Links:

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The Dark Web
The dark web is a complex segment of the internet, often associated with anonymity and illicit activities. This analysis delves deeply into its technological infrastructure, the nature of its security threats, and the crucial role of dark web intelligence platforms for security. The origins of the dark web are closely

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