The $26 billion plan aims to overhaul the country’s tax structure by placing taxes paid by conventional companies on par with their more modern peers. Digital companies which will be effected by the move include Uber and Netflix. Chilean President… Read More ›
Australia is a country that stand to lose a lot from a potential trade war between the United States and China. And the way the two largest economies of the world are threatening with tariffs and counter tariffs, there appears… Read More ›
According to reports published in the German media, despite the increasing international criticism of Germany’s growth model based on exports, the country is set to report the largest current account surplus in the world in 2018. The reports were based… Read More ›
Media reports claimed that about 25,000 apps were pulled out by Apple Inc from its App Store in China over concerns that those apps could draw the ire of Chinese regulators. According to a news report in Bloomberg, the word… Read More ›
On Monday, Britain’s Financial Reporting Council stated, it has imposed a fine of three million pounds on accounting firm KPMG. Apart from the fine, it has also reprimanded and fined KPMG’s senior partner Michael Francis Barradell for misconduct related to… Read More ›
The deal sees snack and beverage giant PepsiCo acquiring countertop carbonated water machine maker SodaStream for $3.2 billion. It underscores PepsiCo’s push to add healthier products to its portfolio and move to a more environmentally friendly agenda. On Monday, New… Read More ›
H.E Sheikh Abdullah bin Saoud Al Thani, the Governor of Qatar’s Central Bank (QCB) has signed a currency swap agreement with Murat Cetinkaya, the Governor of the Central Bank of the Republic of Turkey, signaling greater economic cooperation between the… Read More ›
After expelling right-wing conspiratorialist Alex Jones from Twitter, the company CEO Jack Dorsey is contemplating making deeper changes to this social media platform which would help reduce the spreading of fake news, misinformation and hate speech. Twitter was part of… Read More ›
As a result of China’s credit ratings industry assigning favorable ratings to the bonds of local issuers while downplays their credit risks, the market is full of issuers who have AA ratings which are reserved only for the safest and… Read More ›
China’s lending program to the island nations of the South Pacific has gone from zero to more than $1.3 billion over a decade. The relatively high cost of debt-servicing in these tiny economies have stoked fears that the entire region… Read More ›
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