President Trump has threatened to implement a 100% tariff on nations imposing a digital services tax on U.S. companies. He stated that any country proceeding with such a tax would face immediate import duties, overriding existing trade agreements. Approximately half of OECD European members have proposed or enacted similar taxes.

Europol reported a significant rise in organised crime within the EU, identifying 731 active criminal networks comprising over 400,000 members. Drug trafficking remains predominant, with cybercrime rapidly increasing. Law enforcement aims to dismantle these networks by targeting their financial structures and promoting cross-border collaboration.

What’s going on?
Iran has launched an attack on a vessel in the Strait of Hormuz, disrupting maritime traffic in the region. The incident coincided with the UN’s efforts to facilitate the evacuation of ships. This escalation has raised concerns regarding shipping safety and international trade routes.

NBC News framed the event as “Hormuz traffic flows despite ship attack as Iran fights to keep its grip on key trade route.” In contrast, CNN stated, “Iran strikes vessel, pausing UN efforts to evacuate ships from Hormuz.” NBC’s headline focuses on the ongoing shipping operations despite tensions, while CNN emphasises the setback for UN efforts following the attack.

Coverage analysed: NBC News | CNN

Leon Black, co-founder of Apollo Global Management, is set to testify before the House Oversight Committee regarding his financial dealings with Jeffrey Epstein. Senator Ron Wyden has questioned Black’s payments exceeding $170 million for services purportedly related to tax advice and estate planning, amid ongoing scrutiny over Epstein’s criminal activities.