Tuesday, 27 October 2020

Planning to buy an Apple iPhone 12 in India? Think again

A Dubai trip plus Apple iPhone 12 is cheaper than buying the phone in India. Various models of the iPhone 12 Pro and Max are cheaper in Dubai by up to Rs 35,000 owing to higher GST, Customs duty in India. If you are looking to buy the new Apple…

Hunter Biden, the Wall Street Journal and the decline of media gatekeepers

FBI to interview forrmer Hunter Biden business associate New York Post opinion editor and columnist Sohrab Ahmari weighs in on Hunter Biden’s business partner coming forward to the FBI. The thing about “fake news” is that it suddenly seems authentic when it’s on your side. For all of President Trump’s…

German Ifo Business Morale Weakens For First Time In 6 Months

German business sentiment weakened in October as leaders were more worried about coming months amid the rising coronavirus infection numbers, survey data from the Munich-based ifo Institute showed on Monday. The business climate index fell to 92.7 in October from revised 93.2 in September. This was the first fall in…

How the Virus Worsened South Africa’s Debt Woes

South Africa is faces surging debt as the havoc wrought by the coronavirus pandemic compounds a deterioration in public finances caused by overspending, mismanagement and alleged graft during former President Jacob Zuma’s nine-year rule. After cutting borrowing during years of strong economic growth from the late 1990s, the government posted…

U.S. appeals court rejects immediate WeChat ban

A U.S. appeals court on Monday rejected a Justice Department request that it allow the government to immediately ban Apple Inc and Alphabet Inc's Google from offering Tencent's WeChat for download in U.S. app stores. On Friday, a U.S. judge in San Francisco rejected a Justice Department request to reverse…

Charles Schwab to lay off 1,000 workers following merger with TD Ameritrade

Charles Schwab said Monday it is laying off 1,000 employees from the combined Schwab-TD Ameritrade company. "These reductions are part of our efforts to reduce overlapping or redundant roles across the two firms," Schwab said in a release. The $26 billion Schwab-TD Ameritrade merger closed earlier this month. It is…

Wall Street Veteran Says Forget About a Wealth Tax

Wall Street veteran Peter Kraus said individuals in the U.S. are unlikely to face higher taxes on their wealth, despite a push by Democratic leaders to raise more revenue that way. “I don’t think a wealth tax is going to happen in the U.S., at least at the federal level,…