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Are you a cross-border seller or merchant selling to customers in the EU, UK and abroad?.. You must have likely heard about the recent VAT crack-down on sellers. Sellers reaching a certain threshold in sales to these markets may owe value added tax (VAT) to the local European governments...read more
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RT — The electric car maker Tesla may be in need of an additional $10 billion in the next two years for auto-making and expansion plans to China, Goldman Sachs said in a note. The options to get the funding are new bonds, convertible notes or equity, but each of them has possible drawb...read more
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Xinhua — Chinese Premier Li Keqiang on Wednesday called on China, Japan and South Korea to jointly safeguard free trade, expand investment and industrial capacity cooperation, as well as enhance enhance innovation cooperation and people- to-people exchanges. Cooperation among China, Japan...read more
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CNet — Industry experts from some of the biggest names in tech are set to gather at the White House on Thursday to discuss advances in AI, according to the Washington Post. Representatives from Amazon, Facebook, Google, Intel and 34 other companies are expected to attend the White House ...read more
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BloomBerg — Oil’s advance to the highest since 2014 is squeezing the carry-trade returns on the Indian rupee to a point where they are the worst in Asia. While the nation’s nominal yields are the second-highest in Asia, rupee weakness is making the trade unprofitable. Borrowing in do...read more
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Reuters — Oil prices edged higher on Thursday despite swelling U.S. crude inventories and record weekly U.S. production, as focus shifted back to OPEC supply cuts and the potential of new U.S. sanctions against Iran. Brent crude oil futures LCOc1 were at $73.56 per barrel at 0947 GMT,...read more
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Fast Company — Cambridge Analytica and affiliated companies are shutting down, though some of the key players are now linked to a new firm called Emerdata.. The company and affiliate partners in the US and UK have announced they're shutting down amid controversy over their role in Donald...read more
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CNBC — A former senior executive at Bank of America, who was fired amid allegations of sexual misconduct, filed a defamation claim against the firm and is seeking damages of more than $100 million. Omeed Malik — who was a managing director in Bank of America 's prime brokerage business ...read more
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Hollywood Reporter — Disney and Marvel's Avengers: Infinity War earned $39 million in Thursday previews at the North- American box office, the best showing of any superhero film in history and the fourth-best preview gross of all time, not adjusting for inflation. Infinity War is opening in ...read more
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BloomBerg — Facebook Inc. said it will make sure political ads on its platform will be vetted and transparent in time for England and Northern Ireland’s 2019 local elections, the company has said. Only verified accounts will be allowed to pay for political ads, and users will be able to...read more
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Daily Mirror — A bank has opened a branch run entirely by robots, who greet customers and manage accounts, in a world first. The Shanghai branch of the China Construction Bank (CCB) is run purely by technology - with virtual reality, artificial intelligence and facial recognition all pl...read more
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Reuters — Two Chevron Corp. employees detained in Venezuela last week could be charged with treason for refusing to sign a parts contract for a joint venture with state- owned oil company PDVSA, according to two sources familiar with draft charges against the U.S. firm’s executives. T...read more
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Business Daily — The International Monetary Fund will systematically address corruption and its impact on economic growth with all its member countries under new guidelines launched on Sunday. The stricter new policy also aims to tackle how rich countries contribute to corruption in th...read more
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Bloomberg — Fresenius SE walked away from a pending $4.3 billion acquisition of Akorn Inc., a U.S. maker of generic cancer drugs, after a probe found problems with the target company’s product- development practices. The German company said its outside experts found “material breaches” ...read more
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Reuters — General Motors Co's (GM) South Korean unit dropped a plan for a vote on a bankruptcy filing after reaching a tentative wage deal with its labour union on Monday that helped the U.S. automaker win concessions on pay, bonuses and benefits. GM shocked South Korea in February when...read more
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