Report: European Banks Remain Active in Tax Havens
European banks have not reduced their presence in tax havens. Not even after several dubious practices came to light that multinationals use to evade taxes, a study published Monday found. The Dutch banks Rabobank, ABN AMRO and ING were also included in the study. Rabobank increased its profit share
Lufthansa Does Not Count on Easing US Travel Ban Before Christmas
German airline Lufthansa does not expect the entry ban for European travellers to the United States to be relaxed before Christmas. An easing of travel restrictions is really not expected until late in the fourth quarter, board member Harry Hohmeister said at an online conference hosted by fvw TravelTalk
Chip and Tech Companies Help Nikkei Make Small Profits
The Tokyo stock exchange closed with a small profit on Thursday. Investors processed the disappointing jobs report from American payslip processor ADP and mainly invested in stocks that have performed well during the corona pandemic, such as the Japanese chip and technology companies. The transport companies and airlines, on
Spotify Launches Blend Feature to Mix Friends Playlists
How ‘in sync’ are you with your best friend? Spotify’s new Blend feature now makes it possible to test your music compatibility. Blend has been in a test version for a while but will be officially rolled out to all users worldwide this week. It’s a personalized shared playlist
South Korean Law Would Abolish App Store Commission
South Korea will become the first country to end the dominant position of Apple and Google in payments on their mobile platforms. A company like Epic Games would be allowed to charge customers directly in a game like Fortnite after introducing a new law, bypassing Apple and Google. The
More Than 4.5 Million Corona Deaths Worldwide
Since the start of the corona pandemic, more than 4.5 million deaths from COVID-19 have been recorded worldwide. Based on official figures, a total of 4,500,620 people have died from the coronavirus since the coronavirus outbreak in December 2019. However, the numbers from Johns Hopkins University are slightly higher:
Nikkei Lower in Anticipation of Fed Chief Powell Speech
The Tokyo stock exchange closed with a loss on Friday. Investors processed the lower closing positions on Wall Street, where the mood was depressed by the deadly attack in the Afghan capital Kabul. In addition, they were waiting for the speech that Federal Reserve (Fed) Chairman Jerome Powell will
Mazda Shuts Down Factories Due to Shortage of Parts from China
Mazda is forced to shut down production at two of its factories in Japan at least until Friday. The Japanese car manufacturer is struggling with shortages of parts. In addition, they cannot be flown from China to Japan due to problems at the Chinese airport of Shanghai Pudong after
The US Allows Chips to Huawei Despite Sanctions
The United States has given Chinese tech group Huawei permission to buy hundreds of millions of dollars of chips in the country, insiders say to Reuters news agency. Huawei is on a US corporate blacklist and generally cannot obtain chips from Americans. Fearing espionage and Huawei’s close ties to
UK Does Not Expect an Extension of Deadline for Afghanistan Evacuations
The United Kingdom does not expect to have more time for the evacuations from Afghanistan. The British have called on US President Joe Biden to keep his troops in that country longer so that Kabul airport can be used longer. However, Defense Secretary Ben Wallace tells Sky News that an
