Britain intends to updates its tax laws in line with unitary taxation so as to make tech giants pay their dues and plug tax loopholes. In a significant development, Britain’s finance mister Philip Hammond stated, Britain will unilaterally implement a digital service tax if there is no wider international agreement soon on how to tax…
With this strategic move Netflix is expanding its footprint on the interactive Tv market. Content streaming giant Netflix Inc will allow users to choose how its movie or TV episode will end. The development comes at a time when Netflix is intent on expanding its Interactive TV content, said a report from Bloomberg. The Bloomberg…
Having scrapped the $200 billion project Saudi Arabia said it will come announce a newer, broader strategy to renewable energy later this month. According to a report from the Wall Street Journal which cites officials from the Saudi government, Saudi Arabia has shelved its plan to build the world’s biggest solar powered project with SoftBank…
With Chinese authorities intensifying their crackdown on online gaming, Tencent’s cash machine, its revenues have been significantly affected. Faced with increased challenges stemming from heightened government regulations, Tencent Holdings announced stated, it has undergone its first restructuring in six years. In 2018, its market capitalization has fallen significantly and the company has faced some harsh…
Dubai-headquartered Middle East ride-hailing app company Careem stated it has resumed its services in Oman and plans on expanding it to other cities as well. On Monday, Middle East ride-hailing app company Careem stated, it has resumed services in Muscat, Oman and has signed an agreement which will see it partner with a local taxi…
Following the filing of a fraud case against the Chairman and Chief Executive of the electric car maker Tesla Elon Musk by the US Securities and Exchange Commission (SEC), there was a 13 per cent drop in the shares of the company over worries of investors about the future of Musk. The fear among investors…
According to claims by American researchers, they have managed to identify a new material that would allow greater efficiency in conversion of sunlight into electricity compared to the conventional technologies now used such as silicon and this can form the basis of a development of next-generation solar cells in the near future. . The unique…
Facing pressure from environmental groups and the government, Volkswagen has agreed to hardware retrofit select models of older diesel vehicles as well as offer incentives to swap selected older models of diesel vehicles for newer ones, in the country. As per a source familiar with the matter at hand, Volkswagen will support hardware retrofits for…
Australia’s peak industry group has warned that “systemic weakness or vulnerability” could be created that would be open to exploitation by the proposed legislations made by Peter Dutton which proposes to increase the capabilities of the government for surveillance into telecommunication devices by injecting spyware risks. This was said by the Australian Industry Group in…
SEBA Crypto AG aims to be the bridge between new age financial instruments and traditional institutions. It wants to build a bank that will offer cryptocurrency services to companies and investors while at the same time extend traditional banking services to firms. In an interesting development, SEBA Crypto AG, a Swiss startup, has raised $103…
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