Following the iron dome's success in the ongoing confrontation between Israel and Hamas and Hezbollah, Rafael, an Israeli defense corporation, has received orders totaling billions of dollars for the structure.
Israel-Iran war: The Israeli military company Rafael, which produces the Iron Dome air defense system, has received orders for the next four years, which is good news for Israel and its defense industry. The Israeli corporation has received orders totaling approximately US $15.8 billion as a result of the ongoing conflict between Iran and Israel. The Navbharat Times reported that the company's profits were far higher than they were the previous year.
Nigerians are debating President Bola Ahmed Tinubu's proposed tax reform proposals in great detail. Many people are still ignorant of the benefits that these reforms can offer to the vast majority of Nigerians, despite the conflicts between supporters and opponents. Here is all you need to know, broken down into simple terms, from lowering taxes for small businesses to relieving the financial strain on low-income individuals. What's the commotion about? Four tax-related measures were forwarded to the National Assembly by President Tinubu. They are:
Nigeria Tax Administration Bill Nigeria Tax Bill Establishment Bill for the Nigeria Revenue Service and Joint Revenue Board. These proposals aim to update Nigeria's antiquated tax rules, but they have also sparked debate among governors and regional leaders over fairness and revenue distribution. The good news is that the Tinubu Tax Reforms are intended to help ordinary Nigerians, tiny enterprises, and the impoverished.
These benefits include low-income earners' income tax relief. You would save N84,000 a year if your annual income is N800,000 or less because you won't have to pay income tax.
2. A higher threshold for the highest possible tax rates Unlike the present threshold of N3.2 million, only individuals earning over N50 million will be subject to a 25 percent income tax rate.
3. Tax Exemptions for Small Businesses Income tax would no longer be paid by companies with turnovers under N50 million, up from the previous level of N25 million.
4. Lower Corporate Income Tax Rates By 2026, corporation taxes for medium-sized and big businesses will be reduced from 30% to 25%.
5. Removing the "Minimum Tax" The statutory 1% gross earnings tax will no longer apply to businesses that do not report profits.
6. Less Work for Large Companies The existing 3.75% in additional taxes is replaced with a new 2% development charge, which would directly support student loans starting in 2030.
7. VAT modifications While the federal government's portion of VAT revenue decreases from 15% to 10%, the sharing formula states will now receive 55% of the money, up from 50%
8. Progressive VAT Increase VAT rates will rise gradually from 7.5% today to 15% by 2030—but basic necessities like food and medicine remain exempt.
9. Affordable Food and Essentials No VAT will be charged on food items, electricity, school fees, or medical services, ensuring prices stay low for the poor.
10. Incentives for Gas Investment Both related and unrelated gas projects are encouraged to increase the energy supply by tax advantages. Revolutionizing Tax Administration. The Nigeria Tax Administration Bill offers fresh approaches to guarantee justice and compliance.
11. Apprehending Tax Avoiders Bank records are used to identify high spenders for tax audits (individuals spend N25 million per month, organizations spend N100 million).
12. Flexibility in Payment It is now possible to pay taxes assessed in foreign currencies in Naira using the official exchange rates.
13. Simplified Groupings To free up regulatory authorities to concentrate on monitoring, the Nigeria Revenue Service (NRS) would assume tax-collecting responsibilities from organizations like Customs.
14. Guarantees of Tax Refunds To guarantee on-time payments, cash for confirmed tax refunds will be subtracted from collections. Simplifying taxes and empowering local governments. Equally revolutionary is the Joint Revenue Board Establishment Bill:
15. Local Revenue Committees To increase efficiency, LGAs will oversee taxes, penalties, and rates within their domains.
16. Harmonized Penalties and Offenses To increase compliance across the country, tax rules will now have consistent penalties.
17. Settlement of Conflicts Disputes, including those involving residency for tax reasons, will be resolved by a Tax Appeal Tribunal.
18. Advocacy for Taxpayers If tax officials treat residents unfairly, a Tax Ombudsman Office will assist them in seeking justice. The Significance of This Tinubu's reforms' proponents contend that they are pro-efficiency, pro-growth, and pro-poor.
These proposals seek to lessen Nigeria's reliance on oil revenue while promoting a more equitable and inclusive tax system by providing exemptions for small enterprises and low-income individuals as well as incentives for local economic activity. What comes next? The proposals are now awaiting public hearings after passing the Senate's Second Reading. Despite the ongoing discussion, experts concur that these reforms have the potential to improve the lives of millions of Nigerians and change the country's tax structure if properly executed.
Kevin Costner, the writer, director, producer, and star of "Horizon: An American Saga," has been a well-known supporter of Westerns. Now, he explains why the genre haunts him. The "Yellowstone" star explained in the foreword of "The Great Horizon: Photographing Kevin Costner's 'American Saga,'" that Westerns are based on "no greater narrative than the arduous journey of men and women from across America in pursuit of a dream." Costner's "Horizon:
Despite being a dark horse for the awards season, "An American Saga" is only one of four planned films that examine how the American West changed during the Civil War. The release date for "Part Two," which made its debut at the 2024 Venice Film Festival, has not yet been announced.
Photographer Cale Glendening documented the first installment's filming. The official making-of book, "The Great Horizon" (Weldon Owen, published November 26), includes close-up cast portraits and behind-the-scenes photos. More than 250 never-before-seen photos, cast and crew reactions, articles, and script excerpts are included in the book.
In his foreword, Costner describes "Horizon: An American Saga" as the "most challenging journey" he has ever worked on. "The most difficult journey I've ever taken was the creation of Horizon: An American Saga," Costner wrote. "I'm a storyteller at heart, and the arduous journey of men and women across America in pursuit of a goal is perhaps the greatest narrative that has ever been told.
Their ideal was fiercely pursued and only a select few succeeded, and even then, it took many people's blood, sweat, and tears to make it happen. The nightmares of the people who had inhabited and prospered in the West for ages came as a result of following their fantasies westward. This was a tale I had to share.
"I wanted to go beyond the myth and tell the story of the common people creating a new chapter in the history of America in the face of war, over great distances, in a nation at war with itself," Costner added. Traders and trackers, surveyors and settlers, missionaries and soldiers, lawmen and criminals – everyone was enthralled with the hazy promise of a brighter future.
I wanted to depict their journey from the perspectives of friends, family, and enemies who are all trying to alter their fates. Everybody, from Chinese traders to Pima cavalry scouts, from European colonists to White Mountain Apache, penned their tale and entered uncharted territory.
The excerpt states, “They believed in the journey and were willing to risk everything. The women especially faced intense hardship, but showed tremendous resilience in trying to keep their families clean, fed, and healthy. It is important to me that their stories are firmly at the center of all of the chapters of ‘Horizon: An American Saga.’ We can only measure our lives against the generations that came before and wonder whether we would have been as resourceful, as tenacious, as brave.”
Costner also gave some thought to the country's current situation. "Everyone in America is searching for something, whether it be opportunity, vision, or belief," Costner wrote. "It has been a long and difficult journey of opportunity, vision, and belief to create the first two episodes of the 'Horizon' film cycle. I hope that Cale Glendening's photographs from the sets of "Horizon:
See that in the faces of the outstanding performers in "An American Saga," and sense the timeless allure of the American West in Cale's photographs of Utah's breathtaking canyons. And when the film starts and you sit down in the dark, I hope you will also feel the allure of the American West dream and lose yourself in the gripping tales of the people who sought it and those who were affected by it.
Costner has stated that he finds "comfort" in the Western genre itself in an interview with IndieWire's Filmmaker Toolkit program. "I hope that aspect of the film appeals to viewers. I'm not sure whether they do anymore, but I don't care. He said, "I love my gunfights, but I'm not in a rush to get to them. I do like it, so when I make them, it's still going to be there." I think the language informs [the action], and I'm in love with it. I'm prepared to take my time when stating my desired lines in opposition to these large areas.
Erling Haaland and Rodri of Manchester City are the only Premier League nominees in the 2024 FIFA Best Awards' best male player category. The two were honored after City became the first team in English Premier League history to win four consecutive league titles. Jude Bellingham, a midfielder for Real Madrid and England, is one of 11 nominees for the award, primarily given to players from Spain. The only player from outside of Europe to be nominated for the prize is Lionel Messi, the 2023 winner.
Winner of the Ballon d'Or Although Rodri is a strong candidate for the award, Vinicius Jr. of Real Madrid, who came in second to the Spaniard in the October voting, will compete with him. In an attempt to become the first male English footballer to win the Fifa honor, Bellingham, 21, who placed third in the Ballon d'Or voting, will be competing.
Susie Wiles, a seasoned Republican strategist, has been appointed as the White House chief of staff by US President-elect Donald Trump.
Wiles served as Trump's campaign manager and is largely recognized for having led the most organized and successful campaign in Trump's history. When Trump celebrated his victory on Wednesday, he specifically thanked Wiles for her significant contribution to the campaign.
He claimed that Wiles is universally regarded and admired and that she is tough, intelligent, and creative. "Susie Wiles was a key component of my victorious campaigns in 2016 and 2020, and she recently assisted me in achieving one of the biggest political triumphs in American history. "Having Susie as the first female chief of staff in American history is a well-earned honor. She will undoubtedly make our nation proud, Trump declared.
After attackers attacked Israeli supporters of the soccer team Maccabi Tel Aviv during Europa League games, Israeli Prime Minister Benjamin Netanyahu is allegedly deploying two rescue planes to Amsterdam. The incident occurred Thursday evening as supporters of Maccabi Tel Aviv were exiting the stadium following the team's losing match against AFC Ajax.
According to accounts, several Israelis were hurt, however, it's unknown how serious their injuries were. The Israeli authorities advised Israelis to stay in their hotels and claimed that they were unable to get in touch with their citizens. Additionally, they have been advised to refrain from displaying any Jewish or Israeli insignia in public.
It is said that two are missing. A few of them claimed that their passports had been taken.
According to an unidentified Israeli who was mentioned by local media Kan 11 News, the attackers were waiting in groups at every corner to locate Jews. "They went at Israeli supporters. They often waited in larger groups around casinos and hotels. Some drove past automobiles and continued to honk close to hotels where Israelis are staying," he continued.
According to the report, the attackers threw firecrackers at individuals and buildings until the police finally stepped in, some 30 to 45 minutes into the attacks. Prime Minister Netanyahu described the incident as "horrifying" and expressed dismay. He went on to say that he takes the situation very seriously and calls on the Dutch government and security services to act against the rioters with determination and promptness.
"To save our compatriots, the prime minister has ordered the immediate dispatch of two rescue aircraft. The Prime Minister's Office stated that the horrific images of the attack on our citizens in Amsterdam will not be ignored.
Israeli ambassador to the UN Danny Danon described the incident as a pogrom that is occurring in Europe in 2024. "These are the real faces of those who support the extreme forms of terrorism that we are battling. He writes, "The Western world must wake up now!" in a post on X.
For two hours and forty-five minutes, Rogan sat with the Tesla billionaire and engaged in a broad discussion. The Tesla CEO makes the case for Trump to Rogan throughout the episode, and Rogan seems to be mesmerized by Musk's straightforward justifications. Musk declared, "This is the last election if Trump doesn't win." "I believe you're correct," Rogan responds right away. "I think a lot of people who have been Democrats their entire lives are waking up and realizing that," Rogan adds.
When Musk was seen on camera taking a marijuana and tobacco joint from Joe Rogan and taking a hesitant blow while talking about Tesla's ambitions for an airplane, the stock of the company briefly fell. Due to 'one puff' in September 2018, the richest man in the world was under official scrutiny. After smoking marijuana in public on the Joe Rogan Show, it was later revealed that he had to demonstrate to the US federal government that he was not a drug addict.
One of the wealthiest and most powerful men in the world was caught on tape doing narcotics, and the footage swiftly went viral. Even though the medication is legal in California, where the incident occurred, Musk's single puff reduced Tesla's value by billions of dollars, with shares dropping more than 9%. Soon after, Musk had to tell the public and investors that he wasn't "on weed."
Putin invaded Ukraine because, according to Trump, "number one, he doesn't respect Biden at all." When talking about past cabinet decisions, the former president reportedly disclosed that he believed he had made "bad choices." The success of his president, he claimed, was due to his judgment in selecting officials to serve in his government. He remarked, "The biggest mistake I made—I will say it always comes back to the same answer—I picked some people I shouldn't have picked."
And following a two-hour chat with Elon Musk, Rogan publicly endorsed Trump this week. Just hours before the polls opened, Rogan posted on X, "We'd be f***ed if it weren't for him (Musk)." "He presents what I believe to be the strongest argument for Trump you will ever hear, and I completely support him."For the record, that is a Trump endorsement. Have fun with the podcast. The podcaster's 2020 endorsement of Sen. Bernie Sanders, I-Vt., a self-described democratic socialist who contributed to creating the Green New Deal, represents a significant shift.
Donald Trump will be the 47th President of the United States and return to the White House. Christian people supported him by nearly two to one, according to a preliminary analysis of exit surveys for the presidential election.
As in the 2020 and 2016 elections, he maintained a strong hold on the support of white evangelical Christians, receiving 81% of their vote, according to NBC's exit poll. Additionally, he increased his lead among Roman Catholic voters from 56 to 41, or 15%, to 15%. However, his support among Jewish voters dropped from 30% in 2020 to 21%.
While encouraging RCs to cast their ballots, the Pope characterized the US decision as a "lesser of two evils." He called both the Democratic Party's support for abortion and the Republican Party's anti-immigration policies "against life."
Trump received 28% of the vote, even among RCs who support abortion in all or most circumstances, a position closer in line with that of Democratic nominee and Vice President Kamala Harris. In the last days of his campaign, he characterized his opponent as "destructive to Christianity" and specifically sought the RC vote. J. D. Vance, his running companion, charged Ms. Harris with "prejudice against Catholics."
According to the exit poll analysis, Ms. Harris may have lost some of the support that RC voters had given President Biden. She received the majority of votes from Jews, people who indicated they had no faith, and people who answered "something else" when questioned about their religion. Additionally, she lost support with 2020 Hispanic voters, whose support for Mr. Trump rose by more than ten points. However, she received 86 percent of the vote among Black voters, which was a landslide victory, and 56 percent of Asian ballots.
One of the campaign's main concerns was abortion, and in 10 states, abortion-related legislation was on the ballot separately. The Florida Conference of Catholic Bishops applauded the fact that an attempt to repeal the state's six-week abortion restriction in Florida was unsuccessful in reaching the 60 percent threshold required. New York, Maryland, Colorado, and Missouri all enacted legislation to safeguard the right to an abortion.
However, despite polls indicating that voters prioritized issues like democracy and reproductive rights, the economy appeared to be the most pressing issue for most: two-thirds stated that it was in "bad shape," and 45% of respondents to the NBC exit poll stated that their financial situation had deteriorated from four years prior.
Republican organizers in Pennsylvania, a crucial swing state that Mr. Trump won, went out of their way to encourage the Amish population to vote. While many people do not cast ballots, those who do are supposed to support Mr. Trump. Less than 3,000 of the approximately 45,000 Amish who are eligible to vote did so in the most recent election.
Social media platform X reported that a large number of community members had cast ballots on Tuesday. Locals on the ground said that the state's Department of Agriculture's raid on a local raw milk farm owned by a community member was the reason for the high turnout.
Early on Wednesday morning, Mr. Trump, who will become the first elected president with a criminal record, declared victory and promised to "assist our nation in its healing process." "Many people have told me that God spared my life for a reason... [to] save our country and to restore America to greatness," he stated, alluding to the assassination attempt earlier this year.
"We are going to fulfill that mission together," he declared. We will accomplish that goal. Although we have a difficult task ahead of us, I will give the work you have given me all of my strength, courage, and willpower.
He urged the nation to come together and put its differences aside, urging "every citizen all across our land to join me in this noble and righteous endeavor."
As votes were cast, prayer vigils were organized in churches all around the United States. Dr. Sean Rowe, the incoming Presiding Bishop of the Episcopal Church, participated in election-night virtual prayers, offering meditation and expressing gratitude for free and fair elections. We Christians must be peacemakers and reconcilers in our communities, both online and offline, now, tomorrow, and in the days to come, he stated.
November 6, Tehran (MNA) – Despite the possibility of additional penalties against the Islamic Republic, Iran claims that the outcome of the US presidential election, which shows Donald Trump headed for the White House, is not a problem.
Under then-President Trump, the United States unilaterally ended a 2015 nuclear agreement with Iran in 2018 and imposed several harsh penalties on the Islamic Republic.
Iran sees no difference between Trump and his election competitor Kamala Harris, government spokesperson Fatemeh Mohajerani told reporters in Tehran Wednesday in response to Trump's likely election triumph.
"We are unrelated to the US presidential election. "Iran and the United States have consistent general policies," she stated.
Mohajerani stated, "It doesn't matter who becomes the president of the United States because all the necessary planning has been made in advance," adding that Iran is ready to handle any more sanctions.
"More than five decades of sanctions have made Iran hardened and we are not worried about Trump's re-election," she stated. In essence, we don't perceive any distinction between Trump and Harris. Iran's internal authority has increased as a result of sanctions, and we can handle new ones."
On Wednesday, Trump formally became the 47th president of the United States, securing a second non-consecutive term over four years after leaving the White House after losing badly to Democratic opponent Joe Biden. Harris and the twice-impeached Trump, who would be the oldest president ever at the inauguration, the first felon president, and only the second in history to serve non-consecutive terms, have been in a close fight, according to polls for weeks.
In addition to facing sentence in a criminal case for paying hush money to an adult film actress, the businessman-turned-politician is still embroiled in controversy over his historic bid to win back the 2020 election that he lost to Biden.