CEOs Are Hugely Expensive – So Why Not Automate Them?
By: Financial Review April 28, 2021 Over the next two weeks, the boards of BAE Systems, AstraZeneca, Glencore, Flutter Entertainment and the London Stock Exchangeall face the possibility of shareholder revolts over executive pay at their forthcoming annual general meetings (AGMs). As the AGM season begins, there is a particular focus on pay. […]
UK Ministers Urged to Make Tech Giants Responsible for Scams
By: The Guardian May 7, 2021 A coalition of organisations including City of London police and the consumer body Which? is demanding the government make tech giants such as Google and Facebook legally responsible for fake and fraudulent adverts. In a joint letter to the home secretary, Priti Patel, the 17 organisations have […]
How Should Multinationals Be Taxed?
By: The Economist May 10, 2021 FOR YEARS governments have grumbled, simmered and raged as multinational companies have shifted profits out of tax collectors’ grasp and into low-tax havens. The OECD, a club of mostly rich countries, estimated in 2015 that avoidance robs public coffers of $100bn-240bn, or 4-10% of global corporation-tax revenues a […]
Social Media Interactions About Trump Fall 90 Percent Since January
By: The Hill May 5, 2021 Social media interactions about Former President Donald Trump have gone down to 91 percent since January, according to data compiled by NewsWhip. The company found that from Jan 6 to May 3, social media interactions about the former president dropped dramatically after the end of his second impeachment trial. […]
‘Out-of-Control’ Chinese Rocket Falling to Earth Could Partially Survive Re-entry
By: Guardian May 4, 2021 Long March 5B is doing 27,600km/h in failing orbit, with eventual crash site unknown, after launching space station hub The Long March5B Chinese rocket launched a module of the country’s space station on 29 April. The rocket’s core is falling out of Earth’s orbit and is expected to […]
Amazon Had Sales Income Of €44bn In Europe In 2020 But Paid No Corporation Tax
By: The Guardian May 4, 2021 Fresh questions have been raised over Amazon’s tax planning after its latest corporate filings in Luxembourg revealed that the company collected record sales income of €44bn (£38bn) in Europe last year but did not have to pay any corporation tax to the Grand Duchy. Accounts for Amazon EU Sarl, […]
Will Going Digital Transform the Yuan’s Status at Home and Abroad?
By: The Economist May 3, 2021 WITH A FEW taps on her phone, Lu Qingqing, a 24-year-old office worker, leapt into the monetary future. She was one of 50,000 people in the city of Shenzhen selected late last year for a trial of China’s digital currency, officially called eCNY. She downloaded an app, received a […]
Why Are Apple And Epic Going To Court Over Fortnite Currency?
By: The Guardian May 2, 2021 Apple and Epic Games will go head to head in court in front of a US federal judge on Monday, the latest stage in the Fortnite maker’s campaign to break open the iPhone’s walled garden. The feud has been growing since last August, when Epic set in motion a […]
Apple Accused of Breaking EU Law Over App Store Sales Fees
By: The Guardian April 30, 2021 Apple has been accused of breaking EU law by charging high fees and setting unfair rules on those selling their products in its App Store, resulting typically in a 30% price hike for paying customers. Margrethe Vestager, the European commissioner for competition, said the preliminary view was […]