Newstracker

Dutch minister: I did not have contact with Uber on tax plan

By Toby Sterling AMSTERDAM (Reuters) - The top Dutch tax politician has denied meeting representatives of Uber Technologies, in answer to questions from parliament about why the company has been allowed to claim a provisional $6.1 billion tax write-off in the Netherlands. The remarks by State Secretary of Finance Menno Snel come as the Dutch government has embarked on a campaign to reform its reputation as an enabler of tax avoidance by multinationals. "We do not systematically track contacts between (tax) officials and ..

Sep 03, 2019

Newstracker

HSBC processes first blockchain letter of credit using Chinese yuan

By Alun John HONG KONG (Reuters) - HSBC completed the first yuan-denominated blockchain-based letter of credit transaction, the bank said on Tuesday. HSBC, like many of its competitors, has been looking to use digital ledger technology, or blockchain, to streamline the traditionally paper-based and bureaucratic business of financing trade. As the first such transaction to use the Chinese currency, this deal marks a step forward in the use of the Voltron trade finance platform, developed by eight banks including BNP Paribas, and Standard Chartered as well as HSBC

Sep 03, 2019

Nokia

Nokia is the fastest in smartphone updates, followed by Samsung: Report

96 percent of Nokia's smartphones are running on Android Pie or have had an Android Pie update issued to them

Sep 02, 2019