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Month: January 2024

For IRS, backlogs and identity theft are still problems despite funding boost, watchdog says

By FATIMA HUSSEIN Associated Press WASHINGTON (AP) — The IRS is still too slow to process amended tax returns, answer taxpayer phone calls and resolve identity theft cases, according to an independent watchdog within the agency. The organization sent a report to Congress Wednesday that the backlog of unprocessed amended returns has quadrupled from 500,000

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Over 200 Ukrainian athletes urge French President Emmanuel Macron to ban Russian and Belarusian athletes from Paris 2024

By Ben Church and Thomas Schlachter, CNN (CNN) — Over 200 Ukrainian athletes have signed a letter urging French President Emmanuel Macron to exclude Russian and Belarusian athletes from participating at this year’s Olympic and Paralympic Games. Amid the ongoing Ukraine-Russia conflict, the open letter, published on December 29 by Ukraine’s sports ministry, is also

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Regulators are set to decide whether to OK a new bitcoin fund. Here’s what investors need to know

By KEN SWEET AP Business Writer NEW YORK (AP) — U.S. regulators are soon expected to decide whether to approve the first bitcoin exchange-traded fund, a development that could thrust the once niche and nerdy corner of the internet even further into the financial mainstream. The regulatory greenlight has been anticipated for several months and

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Germany approves the export of air-defense missiles to Saudi Arabia, underlining a softer approach

BERLIN (AP) — The German government has approved the export of air-defense missiles to Saudi Arabia, underlining a softening of its hard line of recent years toward arms exports to the kingdom. A government spokesperson on Wednesday confirmed a report that Germany’s Security Council, made up of Chancellor Olaf Scholz and several other ministers, approved

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Air Arabia resumes flights to Afghanistan after halting them 2 years ago as Taliban captured Kabul

ISLAMABAD (AP) — The Taliban government in Afghanistan has confirmed the resumption of Air Arabia flights to Kabul’s international airport, two years after service stopped following the collapse of the Western-backed government. Afghanistan’s Ministry of Transport and Civil Aviation says there will be one daily flight between Sharjah, United Arab Emirates, and Kabul. All international

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Greece accuses multinationals of ‘greedflation,’ expands price controls to baby formula

ATHENS, Greece (AP) — Greece’s center-right government has announced price controls on baby formula, accusing multinational suppliers of “greedflation” by imposing unjustifiably high prices on the country’s consumers. A 7% profit cap on formula will take effect in March and follows a series of similar initiatives over the past two years for basic items. Inflation

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Islamic State claims responsibility for explosion in the Afghan capital Kabul that kills at least 3

ISLAMABAD (AP) — The Islamic State group has claimed responsibility for a minivan explosion in the Afghan capital that killed at least three people. The militant group says it detonated an explosive late Tuesday hidden on a vehicle belonging to employees of Afghanistan’s main prison in Kabul, killing and wounding about 10 people. That’s according

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He sent inappropriate messages to women colleagues. Now soccer great Marc Overmars has been banned from world football

By Amy Woodyatt, CNN (CNN) — Former Dutch international Marc Overmars has been handed a global ban from holding a post in soccer after a suspension issued in the Netherlands was extended by the sport’s world governing body FIFA. Overmars left his position as Ajax’s Director of Football Affairs, which he had held for 10 years, in

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