Alibaba’s executive chairman Jack Ma has said that his promise to Donald Trump to create one million jobs in the US is no longer valid and viable after Washington slapped Beijing with new round of tariffs on $ 200bn worth of goods. When Jack Ma met president Trump in January 2017, he laid out a […]
The royal tax authority HMRC (Her Majesty’s Revenue and Customs) has admitted allowing Britain’s most powerful members of society to escape prosecution for financial crimes. “Very wealthy and prominent members of the community” are “afraid of the reputational crisis that a criminal trial for fraud, money laundering or tax evasion would bring,” HMRC said. [embedded […]
Bitcoin, monero and other popular cryptocurrencies are being mined by fraudsters who use EternalBlue, the US National Security Agency (NSA) hacking tool that was leaked last year, according to a recent report. Read more The report, published by the Cyber Threat Alliance (CTA), says detected cases of illicit cryptocurrency mining have skyrocketed to 459 percent […]
New Delhi wants to encourage Russian investments and has invited the country’s companies to explore business opportunities and strengthen bilateral economic ties, Commerce and Industry Minister Suresh Prabhu has said. “We can set up a special economic zone for Russian companies,” he told reporters. Prabhu invited the governors of the Russian Far East to explore […]
The biggest holder of US Treasury bills, notes and bonds – China – has dropped $ 7.8 billion worth of US sovereign debt as a large-scale trade conflict, launched by Washington earlier this year, breaks new ground. The latest statistics released by the US Treasury Department showed that China’s share of US sovereign bonds hit […]
European Union antitrust regulators plan to drop legal action against Ireland after iPhone maker Apple paid the country €13.1 billion ($ 15.3 billion) in back taxes. The lawsuit was initiated in 2017 by the EU which severely criticized Dublin for moving too slowly in recovering the money. “In light of the full payment by Apple […]
Washington’s latest decision to impose new tariffs on $ 200 billion worth of Chinese exports won’t make China-based American companies relocate to the US, but will “cause suffering” for them, the American Chamber of Commerce says. According to the trade group representing US businesses in China, half of the American companies operating in the country […]
The Hungarian Prime Minister Viktor Orban has asked Russia to extend the Turkish Stream natural gas pipeline to his country and further into Europe. Orban, who is on a visit to Moscow, broached this potential project during a meeting with Russian President Vladimir Putin on Tuesday. “It’s no secret that Hungary wants the pipeline that’s […]
Volkswagen-owned premium brand Audi has unveiled the E-Tron, a battery-powered crossover, which is just about to hit dealerships, making the market of electric vehicles rather more choiceful for eco-friendly enthusiasts. E-tron, Audi’s first electric sport-utility vehicle (SUV), debuted in San Francisco on Monday night. The all-wheel-drive car is powered by two electric engines and […]
Chinese billionaire and Alibaba founder Jack Ma said on Tuesday that trade frictions between Washington and Beijing could last for two decades and would be “a mess” for all parties involved. “It’s going to last long; it’s going to be a mess,” Ma said at an annual conference for Alibaba investors. His remarks came just […]
