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White House expected to announce diplomatic boycott of Beijing Olympics this week

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US President Joe Biden and his administration is expected to announce that no US government officials will be attending the 2022 Beijing Olympics

According to CNN, the US government will be implementing a diplomatic boycott of the 022 Beijing Olympics games, following weeks of blacklist talks.

The move would allow the US to send a message on the world stage to China without preventing US athletes from competing. The National Security Council, which has been privately discussing the boycott, declined to comment.

President Biden told reporters last month that he was weighing a diplomatic boycott as Democratic and Republican lawmakers, including House Speaker Nancy Pelosi, advocated for one in protest of China’s human rights abuses.

A full boycott is not expected, meaning US athletes will still be allowed to compete. The last time the US fully boycotted the Olympics was in 1980 when former President Jimmy Carter was in office.

More to come.

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Niche accountants proving essential to e-commerce success

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Expert explores the key benefits of partnering with accountants who specialise in niche industries.

In today’s fast-paced digital world, having an accountant who understands the intricacies of e-commerce can make all the difference in your business’s success.

Specialist accountants understand the specific needs of e-commerce businesses, helping to maximise tax savings, streamline operations, and improve financial health.

Niche accountants can identify opportunities to scale, optimise profit margins, and implement strategies that align with your business goals, ultimately drive growth.

Chris Rivera, Founder of The Ecommerce Accountants, joins to share his key insights into the industry.

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Money

Amazon’s 2024 Prime Day expected to make huge impact on tech sector sales

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Market experts believe Amazon’s upcoming event will drive a surge in sales, benefiting Amazon’s stock and boosting consumer tech companies that sell through its platform.

Experts predict that a short-term rally in retail and tech stocks could be seen as revenue spikes.

Founder/CEO of Unearthing Opportunities, and Board Advisor to Power Hero, Bradley A Gastwirth joins to unpack the latest market moves. #featured #trending

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Israeli claims airstrikes have killed two successors to Hezbollah’s slain leader

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The update comes as Israel expands its ground offensive against the Iran-backed group with a fourth army division deployed into south Lebanon.

Israel Prime Minister Benjamin Netanyahu spoke in a video released by his office hours after the deputy leader of Hezbollah left the door open to a negotiated ceasefire, reports Reuters

Israel’s military said on Tuesday that heavy air strikes against underground Hezbollah installations in southern Lebanon over the prior 24 hours killed at least 50 fighters including six sector commanders and regional officials. #featured #trending

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