Existing property investors likely to avoid more tax under possible CGT changes in Chalmers’ May budget | Jim Chalmers

Existing property investors look set to avoid paying more tax under Labor’s mooted changes to CGT in next month’s budget, after Jim Chalmers said he wanted to “make sure that we recognise the decisions that people have taken in the past” and flagged any reforms would not generate “a huge amount of revenue”. The treasurer…

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China factory activity tops expectations in April — but growth slows as new orders soften

Workers producing garments at a textile factory that supplies clothes to fast fashion e-commerce company Shein in Guangzhou in southern China’s Guangdong province. Jade Gao | Afp | Getty Images China’s factory activity topped analysts’ expectations, although growth slowed from the prior month when it hit a year-high, as new orders saw a slowdown. The…

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Brown University shooting suspect driven by ‘accumulation of grievances,’ FBI says | Brown University shooting

The gunman behind a deadly shooting at Brown University in December appeared to have been aggrieved by personal failures and sought retribution against those he deemed responsible, federal authorities said on Wednesday. More than four months after Claudio Manuel Neves Valente opened fire on the Ivy League campus, killing two students and injuring nine others,…

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