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BusinessMeta's tax strategy involving its large AI infrastructure projects has sparked debate. The key issue is whether these projects are genuine experiments for tax benefits or merely the building and operation of costly data centers. This distinction affects how the projects are viewed for tax purposes and their financial implications for Meta.
Mint Companies·
SportsAaron Judge will not play for the New York Yankees in their American League Division Series opener against the Tampa Bay Rays due to a calf injury. Despite ongoing rehabilitation and attempts to return, including live pitching and batting practice, the Yankees decided Judge is not yet ready to safely compete in the postseason. He continues his recovery at the team's minor league complex in Tampa.
HT Sports··Tampa
BusinessDespite disruptions in the Strait of Hormuz, crude oil shipments from the West Asian Gulf region, excluding Iran, have returned to pre-war levels. Maritime intelligence firm Kpler reported that at least 16.5 million barrels per day of crude were shipped between September 1 and 28, matching the average before the conflict. Countries have reduced reliance on oil tankers passing through the strait.
TOI World·
PoliticsA viral video shows a woman being detained outside Los Angeles International Airport (LAX) by several plainclothes men who placed her into an unmarked white van. The woman has been identified by some social media users as Jing Zhao. Eric Daugherty claimed the men were ICE agents arresting a Chinese national for immigration violations, but these claims remain unverified.
HT World··Los Angeles
TechnologyOn October 3, 2026, YouTube TV experienced a widespread outage in the US, starting around 5:11 pm EDT. Users reported issues including videos not loading, buffering, frozen streams, app crashes, and grey error screens. The outage disrupted live college football games, frustrating many subscribers who shared complaints on social media about missing games and malfunctioning features like multiview.
HT World·
PoliticsCongress president Mallikarjun Kharge has written to Prime Minister Narendra Modi and Home Minister Amit Shah seeking urgent assistance for drought-hit Karnataka. He highlighted the state's worst drought in 150 years, urging support for small farmers and the dry Hyderabad-Karnataka region. Kharge requested subsidies based on updated land records and enhanced aid for drinking water and power costs amid low reservoir levels.
The Hindu··Bengaluru
Mint Companies·
Meta's tax strategy involving its large AI infrastructure projects has sparked debate. The key issue is whether these projects are genuine experiments for tax benefits or merely the building and operation of costly data centers. This distinction affects how the projects are viewed for tax purposes and their financial implications for Meta.
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