He hath founded it upon the seas
Tuesday, Oct 27, 2020
A world within. A state apart.
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Germany is leading the EU crack down on tax heavens but flagship German bank is the biggest money launderer
It's always the ones with the dirty hands pointing the fingers...
Quote of the Day
Don’t worry about failure; you only have to be right once.
Jack Ma Wealth Surges Above Walmart Heirs’ With Record Ant IPO
Jack Ma, the former English teacher who co-founded Alibaba Group Holding Ltd. with $60,000, is poised to become the world’s 11th richest person after Ant Group Co. priced shares...
Digital yuan will not compete with WeChat Pay or Alipay
China’s digital yuan will not compete with private apps like WeChat Pay and Alipay, but it may have to contend with counterfeit digital wallets.
China wooing investors to Shanghai, with HSBC, Goldman answering
Central bank chief Yi Gang tells Bund Summit that the country’s focus on domestic economy does not mean it is shutting the door on the rest of the world.
Airline industry carnage hits families but billionaires are sitting pretty
Billionaires’ wealth has increased during the pandemic while the aviation industry is mired in crisis. The thousands employed at Hong Kong airport and in tourism appear set for ...
China moves to legalise digital yuan, ban competitors with new draft law
Head of the central bank’s digital currency research institute acknowledges potential problems with digital yuan, but says these reinforce the need for central bank oversight.
Google was forced to remove apps from its app store after they violated children's data collection laws
Google removed the Princess Salon, Number Coloring and Cats & Cosplay apps
Microsoft quietly prepares to avoid spotlight under Biden
Microsoft senior executives have donated more to Biden during the primaries than any other large tech company
Greece’s Top Anti-Corruption Prosecutor Faces Removal
The job of Greece’s top anti-corruption prosecutor, Eleni Touloupaki, has faced an uphill battle to hold on to her position following a change in government in July of 2019, whi...
China to impose sanctions on US arms suppliers to Taiwan - Boeing, Lockheed Martin
Chinese-U.S. relations have plunged to their lowest level in decades amid disputes about security, technology, the coronavirus pandemic and human rights
Research Shows Big Tech Avoided $2.8 Billion in Tax to Developing Countries
Twenty countries across Asia, Africa, and South America are missing out on as much as US$2.8 billion in tax revenue from Facebook, Apple, and Google alone, new research by the o...
Apple supplier Foxconn looks to counter a rising Chinese competitor
Foxconn, the world’s largest electronics contract manufacturer, is increasingly wary of Chinese competitor Luxshare, which could eat into its business with Apple.
Bitcoin has 'considerable' upside as it better competes with gold as alternative currency, JPMorgan says
Bitcoin's 2020 surge could be set to continue as the digital cryptocurrency better competes with gold as an "alternative" currency, JPMorgan said in a note on Friday.
Time to Reset Expectations for World Economy With Virus Untamed
Investors banking on a coronavirus vaccine to save the world economy in 2021 need to temper their ambitions as scientists increasingly warn of a long and difficult road ahead.
Foreigners Are Snapping Up China Government Bonds Like Never Before
They came for the yield and stayed for the currency: foreigners are buying Chinese bonds like never before even though domestic investors keep dumping the notes.
Adversaries call for reform of Big Tech after Justice Department sues Google
Calls for increased regulation of Big Tech have been amplified following the Justice Department's filing of a landmark antitrust suit against Google this week.
What Brexit will do to the City of London
THE FORTUNES of financial centres may swing less wildly than the markets they host, but swing they do. In the 2000s London threatened to knock New York off its perch as the worl...
Facebook deploys aggressive measures to combat election unrest
Facebook executives are implementing emergency measures reserved for "at-risk" countries in a company-wide effort to bring down the online temperature.
Jack Ma urges financial regulation reform on eve of Ant Group IPO
Jack Ma urges financial regulation reform on eve of Ant Group’s ‘biggest IPO in history’
Samsung chairman Lee Kun-hee dies after long illness
Lee Kun-hee, the chairman of South Korean electronics giant Samsung, died Sunday at the age of 78, the company said. He had been comatose since suffering a heart attack in 2014.
Gap exiting malls, to shutter 350 stores by 2024
Closings include 130 Banana Republic sites in North America
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