Renault needs to adapt in order to survive: Bruno Le Maire

On Friday, French Finance Minister Bruno Le Maire stated, unless Renault adapts it could disappear. The development underscores the amount of support the French automaker requires in order to cope with the fallout from the coronavirus pandemic. In an interview with Europe 1 radio, Le Maire stated, Renault’s French plant in Flins must not close…

Indonesia’s government proposes levying taxes on CO2 emitting vehicles

On Wednesday, Indonesia’s Finance Minister Sri Mulyani Indrawati submitted a proposal to the country’s parliament proposing to levy tariffs on sugar and artificially sugar-sweetened drinks; she has also proposed levying taxes on vehicles that emit carbon dioxide. She has also asked parliament to reconsider her proposal to impose an excise on plastic bags in order…

France and the United States hammer out a draft agreement on French digital tax

U.S. tech giants such as Google, Amazon and Facebook routinely generate huge profits from digital services in countries but route the profits through low-tax countries, such as Ireland and Luxembourg, in order to lower their tax profile in the country from which they had generated their revenues. France’s proposal to rectify this anomaly had unnerved…

Hackers gain access to important computer systems in Bulgaria, millions affected by the hack

Servers of Bulgaria’s National Revenue Agency (NRA) have been targeted. The Bulgarians realized it only after a purported hackers, claiming to be Russian, sent an e-mail to the local media, with the aim of selling the stolen data. On Tuesday, in a significant development, the Bulgarian government stated, hackers have managed to steal the personal…

5G participation will be based on technology and strategic national security interests: Le Maire

France will allow Huawei to bid for building its 5G network. In a significant development, French Finance Minister Bruno Le Maire disclosed, France will not rule out specific operators for establishing its 5G telecoms network and that participation of the players will be based on security and performance of networks. The comments come in the…

U.S. ban on Huawei could weigh on Japan’s economy: Finance Minister Taro Aso

One of the primary reasons why Japan could be impacted by the ban on Huawei is intertwined supply chains. On Friday, Japan’s Finance Minister Taro Aso stated, the U.S bid to block Huawei Technologies from purchasing American technology is likely to impact Japanese companies and weign on the country’s economic growth prospects. “There are Japanese…