EU puts digital tax plan on hold
The European Commission will delay its plan to put forward a new levy on digital services later in July, a spokesman said on Monday, following intense pressure from the US ...
Egypt’s Suez Canal annual revenue hits record $5.84 bln
Egypt’s Suez Canal revenue rose to a record $5.84 billion in its 2020-21 financial year (July-June), up from $5.72 bln in the previous year, the Suez Canal Authority said on Sunday.
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Taiwan finally getting BioNTech COVID vaccines in $350 mln deal
Taiwan’s Foxconn (2317.TW) and TSMC (2330.TW) said on Monday they had reached deals to buy 10 million doses of Germany’s BioNTech SE’s (22UAy.DE) COVID-19 vaccine, putting the ...
Covid Delta variant threatens Europe’s economic rebound — Economists
The spread of the Covid-19 Delta variant threatens Europe’s nascent economic rebound, economists told the Financial Times on Sunday.
The European Centre for Disease Prevention and Control said on ...
Cigarette maker Philip Morris to buy respiratory treatments maker
Tobacco group Philip Morris International agreed on Friday to buy Vectura (VEC.L) for 1.05 billions pounds ($1.44 billion), giving the US firm access to the British drugmaker’s respiratory ailment treatments ...
EU expected to delay special tax on tech
The European Commission is likely to delay putting forward its plans for a digital levy until the autumn to try to improve the chances of a global corporate tax reform ...
Malta bans visitors not fully vaccinated against Covid-19
Malta will ban all visitors from entering the country as from Wednesday unless they are fully vaccinated against Covid-19, Health Minister Chris Fearne said on Friday.
“We will be the ...
EU can vaccinate 70% of adults — von der Leyen
The European Union has delivered enough coronavirus vaccine doses to member states to reach a target to fully vaccinate at least 70 per cent of adults in the bloc, European Commission ...
G20 finance ministers agree to go ahead with global tax reform
Finance ministers of the world’s 20 largest economies (G20) on Saturday agreed to go ahead with the plan to design a global tax system that would impose a minimum levy ...
Netflix expands deal with Bridgerton producer Shonda Rhimes
Netflix on Thursday expanded its deal with “Bridgerton” television producer Shonda Rhimes, adding feature films, gaming and live events to its pact with her company.
Netflix said the deal with ...
Entertainment venues in England to make customers use vaccination passports
Entertainment venues in England will force customers to use so-called vaccination passports from autumn to prove they have had either both doses of a COVID-19 vaccine or a negative test ...
Foreigners in Cyprus more educated than European Union average
Foreign workers in Cyprus tend to be more highly educated than the average number across the European Union, a report has indicated.
According to data from the European Union’s ...
More Chinese companies added to US economic blacklist
The Biden administration is set as early as Friday to add more than 10 Chinese companies to its economic blacklist over alleged human rights abuses and high-tech surveillance in Xinjiang, two ...
‘Influencer’ army wages information warfare on Facebook
In Vietnam, where the state is fighting a fierce online battle against political dissent, social media “influencers” are more likely to be soldiers than celebrities.
Force 47, as the Vietnamese army’...
A Wise move? London listing may open fintech floodgates
Wise’s record breaking direct listing has come as a relief to other tech firms aiming to go public in the coming months, the bankers managing those deals and to ...
Square plans to make hardware wallet for bitcoin
Square Inc (SQ.N) will make a hardware wallet for bitcoin, the payments company confirmed in a tweet on Thursday shortly before US Senator Elizabeth Warren flagged growing risks posed ...
World food prices, already inflated, skyrocket as freight costs climb
Rising costs to ship crops globally are adding to concerns about food inflation that are already at decade-highs and hitting cost-sensitive consumers in import-dependent markets.
With world food prices having ...
Israeli ‘meatless meat’ company plans to disrupt food industry
Israeli cultured meat foodtech company SuperMeat has been piloting a farm-to-fork restaurant that serves a chicken menu based on meat cultivated on-site in a futuristic kitchen.
Ido Savir, CEO and ...
Cyprus consumers are going digital – BOC study
The digital readiness of Cyprus consumers is quite well-developed, a new study shows.
Consumers in the pandemic spent more using cards in supermarkets, pharmacies and on insurance, while they bought ...
UK government will not impose flexible work model on finance, says minister
Financial firms should use their experience in the COVID-19 crisis to consider how flexible working could help create a more diverse workforce but the government will not impose a model, ...
UK house prices rise by most since 1988
British house prices saw their most widespread rises since 1988 last month, but fewer homes were put up for sale and buyer demand grew less fast ahead of the end of ...
Turkey’s state banks need help to cover NPLs
Turkey is considering a fresh capital injection for state banks but they also need a plan to deal with lingering bad debt after the lenders depleted their resources helping Ankara’...
EU to crack down on cryptocurrencies
The European Union will propose a new agency to crack down on money laundering and new transparency rules for transfers of crypto-assets, EU documents showed on Wednesday as the bloc ...
Cash-rich Singapore Airlines aims for regional dominance as rivals pull back
Singapore Airlines Ltd (SIA), flush with $16 billion raised since the start of the pandemic thanks to help from a state investor, is in a position of dominance among its Southeast ...