WASHINGTON - President Barack Obama's budget proposals will include a minimum tax of 19 percent on U.S.-based companies' future foreign earnings and a 14 percent tax on their stockpiled offshore profits, Bloomberg news said on Saturday, citing two people familiar with the budget.
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WASHINGTON - Kurdish ground forces, helped by U.S. and allied air support, have retaken the Syrian town of Kobani from Islamic State militants, U.S. Lieutenant-General James Terry said on Saturday.
- The auto industry's air bag troubles deepened on Saturday as U.S. federal safety regulators said three big automakers will recall about 2.1 million older vehicles to fix defects that could cause air bags to deploy when they are not supposed to.
ATHENS - New Greek Prime Minister Alexis Tsipras, striking a conciliatory note on debt talks after a turbulent start to office, has called the European Central Bank chief to assure him that Athens was seeking an agreement.
BERLIN/HELSINKI - German Chancellor Angela Merkel ruled out a debt writedown for Greece on Saturday, and a European Central Bank policymaker threatened to cut off funding to Greek banks if Athens does not agree to renew its bailout package.
KIRKUK, Iraq - Kurdish peshmerga forces retook a small crude oil station near the northern Iraqi city of Kirkuk which Islamic State insurgents seized earlier on Saturday, but the fate of 15 employees remained unclear. | Video
HOUSTON - Union leaders and oil companies were unable to agree on a new labor accord on Saturday for workers at 63 U.S. refineries as a deadline passed that could lead to a strike.
HONG KONG - Several thousand pro-democracy protesters returned to the streets of Hong Kong on Sunday in the first large-scale rally since protests rocked the global financial hub late last year.