VW purchases 75.1% stake in Volvo’s WirelessCar platform

The forward-looking purchase of the stake is of strategic significance as it revolves around the future of mobility. In a strategic move, Volkswagen has purchased a controlling stake in Volvo’s WirelessCar, a digital service developer which specializes in connected driving, for $122 million (1.1 billion Swedish crowns). In a statement Volkswagen stated, WirelessCar’s technology would…

France aiming to introduce digital taxes for big internet firms by December 2018

French Finance Minister Bruno Le Maire is pushing for the deal so as to retain earnings of large tech companies who use clever strategies and tax loopholes to evade taxes. On Monday, French Finance Minister Bruno Le Maire stated, the European Union plans on introducing digital taxes for large internet firms such as Google and…

Thailand to issues rules surrounding cryptocurrencies by June 30, 2018

Investors and operators of digital currencies who want to do transactions with digital currencies will have to register with Thailand’s SEC, the sole authority for regulating digital assets, within 90 days. On Tuesday, Thailand’s Securities and Exchange Commission’s chief stated it expects to issue regulations on cryptocurrencies and initial coin offerings (ICO) by the end…