New York City’s Rent Guidelines Board voted 7-1 to freeze rent increases on one- and two-year leases for roughly 1 million rent-stabilized apartments. The decision fulfills a key campaign promise by Mayor Zohran Mamdani and drew both praise from tenant advocates and criticism from property owner groups.
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Trump said any country that imposes a digital services tax on American companies would face an immediate 100% tariff on all goods sent to the United States. The warning comes amid trade talks with the European Union and continuing tensions over taxes aimed largely at U.S. tech firms.
Nicholas Rossi, the convicted rapist who authorities said faked his death and fled to Scotland, has died in a Utah hospital. Corrections officials said he died from complications of an existing medical condition after discontinuing treatment.
California Gov. Gavin Newsom is proposing a federal minimum tax on billionaires and a national AI equity fund while opposing a billionaire tax on California’s November ballot. He says wealth taxes should be handled nationally and that AI gains should help support workers and public programs.
Ships continued to pass through the Strait of Hormuz after the Ever Lovely was struck near Oman, while Iran warned vessels not to use routes it has not approved. The dispute has become a key test of the U.S.-Iran memorandum of understanding on safe passage through the waterway.
Russia said it intercepted 660 Ukrainian drones in one of Kyiv’s largest strikes of the war, as Ukraine targeted Russian regions and occupied Crimea. The assault came alongside continued Russian attacks on Ukrainian cities and renewed scrutiny of military activity in Belarus.
Paris is limiting public drinking and takeaway alcohol sales as a record heatwave strains hospitals. The heat has broken records across Europe, with scientists linking its intensity to human-caused climate change.