Proposed changes to EU law would force companies that transfer Bitcoin or other crypto-assets to collect details on the recipient and sender. The proposals would make crypto-assets more traceable, the…
Category: Business News
Egypt: Deal to release Ever Given (ship that blocked Suez Canal) agreed
Egypt will release the container ship that blocked the Suez Canal in March, after it agreed a compensation deal with the vessel’s owners and insurers. The two sides said the…
Botswana: Diamond found could be world’s third largest
A diamond believed to be the third largest ever found has been put on display in Botswana. The stone – weighing 1,098 carats – was shown to President Mokgweetsi Masisi,…
China: Alibaba’s Jack Ma is ‘lying low’, says co-founder
China’s best-known entrepreneur Jack Ma is “lying low” and avoiding the spotlight, according to an Alibaba executive. Joe Tsai, who co-founded the Chinese e-commerce giant with Mr Ma, told CNBC…
USA: Lawmakers introduce bills targeting Big Tech
US lawmakers have introduced five bills aimed at liming the power held by Big Tech companies. The bills were drafted after a 16-month investigation into the powers of Amazon, Apple,…
USA: Virgin Atlantic explores ‘flying taxi’ partnership
Virgin Atlantic is exploring whether it could launch a flying taxi service as part of a partnership with Bristol-based Vertical Aerospace. The airline suggests electric vertical take-off and landing vehicles…
USA: Pride Cookies nearly tank baker’s business
When a small Southern bakery made rainbow-themed cookies to celebrate Pride Month, there was a swift backlash. On June 2, Confections, a tiny store in Lufkin, Tex., shared a photo…
USA: Tax details of US super-rich allegedly leaked
Details claiming to reveal how little income tax US billionaires pay have been leaked to a news website. ProPublica says it has seen the tax returns of some of the…
USA: The millionaire tech inventor who was ‘thrown away’ as a baby
Freddie Figgers was given his first computer at the age of nine. It was old and didn’t work but it was the start of a love affair with technology that…
UK: G7 tax deal for multinational companies
A landmark deal struck by rich nations to make multinational companies pay more tax has been criticised by campaigners for not going far enough. G7 finance ministers meeting in London…