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Chancellor Rachel Reeves has announced significant increases in capital gains tax (CGT) rates in the UK, raising concerns among entrepreneurs and investors about potential negative impacts on economic growth and investment. The new rates will take effect in April 2025, with the lower rate rising from 10% to 18% and the higher rate from 20% to 24%.
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Mount Fuji has recorded its latest snowfall since records began 130 years ago, with snow finally appearing on November 6, 2024. This delay is attributed to unusually warm temperatures, part of a broader climate trend affecting Japan and the world, with 2024 projected to be the hottest year on record.
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On November 5, Massachusetts voters approved a measure eliminating the MCAS standardized testing requirement for high school graduation. This decision has sparked significant debate about its implications for educational standards and equity, as similar measures are also being considered in Kentucky and Colorado regarding school choice funding.
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On October 25, 2024, President Biden formally apologized to Indigenous communities for the U.S. government's historical policy of forcibly removing Native American children to boarding schools. This apology acknowledges decades of abuse and aims to foster healing and reconciliation, marking a significant moment in U.S. history.
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The Hurun China Rich List reveals a significant decline in billionaires, with only 753 remaining in 2024. Zhang Yiming of ByteDance tops the list, reflecting the impact of China's economic struggles on wealth accumulation. The report highlights a shift from traditional industries to tech and e-commerce as new wealth sources emerge.
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Following catastrophic floods in Valencia that killed at least 224 people, regional president Carlos Mazón has faced intense criticism for his administration's delayed emergency response. Public anger has led to mass protests demanding accountability, as the government grapples with the aftermath of the disaster and ongoing weather warnings.
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Following Donald Trump's recent election victory, his potential influence on AI regulation is being closely examined. Key figures, including Elon Musk, may shape the administration's approach, which could dismantle existing safety standards and oversight established under the Biden administration.
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Exxon Mobil's stock has surged despite initial setbacks from the ESG movement, with CEO Darren Woods advocating for fossil fuels at COP29. This contrasts sharply with rivals like BP and Shell, who have struggled after pivoting to renewables.