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Saturday, Jul 11, 2020
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China's American virus: China Starts Taxing Its Citizens for Global Income
China has started tracking down some of its citizens living abroad to collect taxes, surprising expatriates who never had to pay levies back home on overseas income. Americanizing the Chinese tax system might be one mistake too much...
The race to lead the World Trade Organisation (WTO) begins. Picking a winner could get messy
On July 8th the window for members to nominate the next director-general of the World Trade Organisation (WTO) closed. Over the next few months members will try to pick between eight candidates, each hoping to rescue the institution from...
The tech cold war is hotting up TikTok and the Sino-American tech split
Over the past few years countless predictions have been made that the global technology industry will suffer a painful rupture because of tensions between America and China. Real damage has been surprisingly hard to spot. Last year Apple...
What is Signal (WhatsApp secure-alternative), and why is it suddenly popular in Hong Kong?
The messaging app saw a surge in downloads after a new national security law came into force. End-to-end encryption is a key feature of the privacy-conscious app
UK economy to slump over 10%, debts to surge: Moody's
Britain will suffer the sharpest peak-to-trough economic slump of any major economy this year, rating agency Moody's warned on Friday, and the coronavirus crisis will push up national debt as a share of GDP by nearly a quarter.
How Twitter Evolved From Startup To President Trump’s Megaphone
Twitter was born in 2006 out of the remnants of a failed San Francisco Internet radio startup. Since then, it’s become a megaphone for the president, a tool for social change and a running log for recording our global history.
The fatal mistakes which led to lockdown
Over the past few weeks, my sense of the surreal has been increasing. At a time when rational interpretation of the Covid data indicates that we should be getting back to normal, we instead see an elaboration of arbitrary responses. Thes...
Boris Johnson changes ‘work from home’ advice
Has government policy on going back to work just shifted? Today at his "People’s PMQs", the Prime Minister was asked about support for universities and the social distancing measures that will be needed to make it safe for students and f...
Brits told to avoid cruise ship holidays as Foreign Offices changes advice
The Foreign Office has changed its travel advice on cruise ship holidays and is now advising against them.
Fujitsu announces permanent work-from-home plan
Technology firm Fujitsu has said it will halve its office space in Japan as it adapts to the "new normal" of the coronavirus pandemic.
The coronavirus crisis has changed the German mindset - and this matters for markets
Berlin has been able to use its public finances in a way that no other European nation has. It has announced more than 450 billion euros ($505 billion) so far in immediate fiscal stimulus - the largest initiative in Europe. It also chang...
The coronavirus crisis is pushing 13 UK universities towards insolvency, study says
Social distancing measures, travel restrictions and lockdowns have tested the ability of universities to survive without students.. The institutions at higher risk of collapse are those with a large share of international students and th...
New York Times Publishes Democrats Economic Manifesto Calling for Reparations
The New York Times devoted its entire “Sunday Review” section this weekend to an economic manifesto that lays out a left-wing vision for redesigning the American economy in the wake of the coronavirus pandemic. The Times focuses on redre...
Uber is buying Postmates in a $2.65 billion deal as it leans on food delivery to make up for coronavirus losses
Uber says the deal will help it eventually reach profitability, something it has struggled to do for years.
Struggling Austrian Airlines swaps planes for trains
Austria's flagship airline is replacing one of its flights with a more frequent train service, in order to meet the environmental criteria of its recent government bailout.
Almost 230,000 UK renters at risk of homelessness when eviction ban lifts
Hundreds of thousands across the UK could lose their homes next month when the coronavirus eviction ban ends, a charity has warned.
Is Rishi Sunak launching a bailout or a menswear range?
The government had plenty of good news to share with the arts world today, after it unveiled a £1.57 billion support package for cash-strapped theatres and venues who are unable to open because of the coronavirus crisis.
Coronavirus: Stocks surge globally after biggest daily rise since 2015 in China
Analysts warn that any spike in coronavirus deaths in the United States could derail the market recovery.
How will London's economy look after lockdown?
Coronavirus is changing London. Some of it may be temporary, as the capital adjusts to the presence of an invisible killer, some of it will be more permanent.
UK hospitality industry calls for 'urgent' support
"Urgent" support is needed to prevent "widespread devastation", the hospitality sector has warned Prime Minister Boris Johnson.
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