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New York City Mayor Zohran Mamdani’s administration chose not to attend Tuesday’s (August 25) City Council hearing on the rollout of the pied‑à‑terre tax, instead submitting a detailed written memo seen by Business Insider. Finance Commissioner Richard Lee explained that ongoing litigation prevented him from appearing in person, but emphasised that the Department of Finance...

US Treasury Secy Bessent says ‘economic D-Day’ begins against Iran The United States is set for what Treasury Secretary Scott Bessent has described as the “greatest financial offensive ever marshalled” against Iran, with new sanctions expected to target countries and businesses that continue trading with Tehran.“President Trump has dismantled Iran’s military capabilities, destroyed nearly 100...

Oil prices slip over $1 per barrel Oil prices eased more than $1 a barrel on Monday as investors booked profits ahead of a US announcement on new sanctions against Iran, with markets weighing the possibility of further disruption to Middle Eastern supplies.Brent crude declined 1.90% to $92.60 a barrel while WTI crude fell 1.96%...

A 40-year-old man was allegedly killed by his wife in a knife attack. The woman then jumped from the rooftop and sustained injuries KURUKSHETRA: A 40-year-old man was allegedly killed by his wife in a knife attack at their house near Raj Palace on Pehowa Road on Saturday. The woman later jumped from the rooftop...

Duleep Trophy (ANI Photo) After BCCI dissolves national selectors’ role in picking zonal teams, sanctity of the tournament comes under scannerCHENNAI/NEW DELHI: A few days before the Duleep Trophy got underway at the Centre of Excellence (CoE) in Bengaluru on Sunday, BCCI secretary Devajit Saikia announced that the final will be shifted to MA Chidambaram...

India’s Yashasvi Jaiswal, second right, and Sri Lanka’s Asitha Fernando (78) exchange words. (AP Photo) NEW DELHI: Yashasvi Jaiswal’s heated on-field confrontation with Sri Lanka pacer Asitha Fernando on the opening day of the second Test in Colombo drew criticism from former India all-rounder Ajay Jadeja, who warned the young opener that physical contact crosses...

An out-of-control car crashed through a divider at Delhi’s ITO on Sunday evening. NEW DELHI: Two MLAs were among several people injured after a car crashed through a road divider and collided with an SUV at the ITO traffic signal in Delhi on Sunday night, police said.The accident occurred around 9:30 pm near the PWD...

Max Verstappen’s horrific crash (Video grab) A horrific first-lap crash brought Max Verstappen’s Dutch Grand Prix to a premature end on Sunday, with the four-time Formula 1 world champion walking away unhurt after his Red Bull was sent spinning into the barriers in front of his home fans.Verstappen was running seventh when he appeared to...

The affected arean in Godhni NAGPUR: A chlorine leak from a tanker at a water plant near Collector’s Colony in the Godni area affected several families during the intervening night of Sunday and Monday, with many residents complaining of breathing difficulties.Mankapur police officials said the leakage occurred late at night and several people were taken...

Carmakers see sales surge, but rising costs squeeze profits NEW DELHI: Carmakers are selling more vehicles, but higher volumes are not necessarily translating into fatter profits. Rising commodity costs, adverse currency movements and production disruptions are squeezing margins at some of India’s biggest passenger vehicle makers even as demand remains strong.Maruti Suzuki is the clearest...