China’s VAT reform restructures economy, encourages entrepreneurship

BEIJING – China’s value-added tax reform, a key part of supply-side economic reform, has given impetus to economic growth and boosted entrepreneurship. The VAT reform, which replaced all business taxes with a value-added tax, was first piloted in Shanghai in 2012. It was expanded nationwide from May 1, 2016, with the construction, real estate, financial and… Please follow and like us:

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WikiLeaks founder Julian Assange now in war of words with the country protecting him

WASHINGTON — A vigorous campaign by WikiLeaks founder Julian Assange to break Catalonia off from Spain, further splintering Europe, is landing him in hot water with the government of Ecuador that has provided him with diplomatic refuge in its embassy in London. Assange and Ecuadorean President Lenin Moreno have traded barbs this week over whether his… Please follow and like us:

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Chicago’s Bankruptcy Boom

This week we published a deep look at why bankruptcy frequently fails to provide relief to black Americans struggling with debt. The story focused on Memphis, Tennessee — the bankruptcy capital of the nation — where black debtors have for generations been funneled into Chapter 13, which usually requires five years of payments most have no… Please follow and like us:

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Dollar extends gains after Trump tax plan but equities struggle

The dollar edged up further in Asia on Thursday as focus turned back to the United States after Donald Trump unveiled his market-friendly tax cut plans. However, regional equities were unable to track their Wall Street counterparts higher despite a broad move back to riskier assets — as North Korea went on the backburner — with… Please follow and like us:

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With US Stock Market Breaking Into New Highs, Top Hedge Fund Performers Focused Abroad

With the US stock market breaking into new highs in September, the HSBC Hedge Weekly performance list continues to have a distinctly Chinese flavor to it. Of the top five hedge fund performers, four are focused on Asian markets, while in the top 20, none of the top performers are focused on the US exclusively. But… Please follow and like us:

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PwC report: China’s listed banks stable in first half

China’s listed banks entered a period of stability with steady growth and lower non-performing loan ratios and overdue loan ratios in the first half of the year, but pressure for competition may mount and lenders need to increase their pricing and cost control abilities, according to a report. The report by PwC, which surveys financial results… Please follow and like us:

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Ford, Lyft team up to put driverless cars on the road

SAN FRANCISCO — Ford will begin testing self-driving cars on ride-hailing company Lyft’s network with human drivers at the wheel for backup, the companies said late Tuesday. Ford also plans to test self-driving cars on the Lyft network with no human in the driver’s seat. It said that part will be just a research project for… Please follow and like us:

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AI Versus Hackers: How Machines, Automation Can Help Protect Your Business

Depending on who you listen to AI is either the future we should embrace or it’s one to fear. But for those on the front lines of security, artificial intelligence could be a way to help humans fight back against security threats, hackers and eventually maybe even other machines. In a world where algorithms could soon… Please follow and like us:

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Donald Trump guts tax code: Slashes rates, kills death tax

INDIANAPOLIS – President Trump unveiled a sweeping tax reform plan Wednesday that dramatically lowers rates, expands the amount of tax-free income everyone can pocket and simplifies the code to a one-page return for most Americans. In a speech in Indianapolis, Indiana, Mr. Trump called the proposal “revolutionary change” for businesses and for individual taxpayers. “We will… Please follow and like us:

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Site-selection execs meet in Seattle, but Amazon keeps its distance

SEATTLE — Amazon kicked off a continentwide bidding war early this month when it announced it was seeking a second headquarters outside Seattle. This week, by coincidence, the brokers for such deals came to the city. The Site Selectors Guild, a trade group whose members pitch themselves as consultants for companies seeking a new site to… Please follow and like us:

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Trump: NFL must change or business is ‘going to hell’

President Donald Trump continues to double down about NFL players protesting during the national anthem, saying the league’s business is “going to hell” if it doesn’t change. Trump was asked by a reporter while he was departing the White House via Marine One on Wednesday about the inconsistency between the First Amendment rights of the neo-Nazis… Please follow and like us:

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Analyst: Latest US Sanctions on North Korea Will Result in Full Trade Embargo

The latest executive order signed by President Donald Trump would, in effect, amount to a full trade and financial embargo, squeezing all the revenue channels North Korea maintains to finance its weapons programs, a former senior counterterrorism official said. On Sept. 21, less than two weeks after the U.N. Security Council approved new sanctions, Trump turned… Please follow and like us:

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Thousands evacuated after Ukraine arms depot blast

More than 30,000 people have been evacuated in Ukraine’s central Vinnytsia region after a huge arms depot storing missiles caught fire and exploded, in what authorities said was a possible act of “sabotage”. The fire, near the town of Kalynivka, about 200km south-west of Kiev, injured two people, Ukraine’s State Emergency Service said in a statement… Please follow and like us:

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Most Asia markets up, dollar holds gains despite N. Korea fears

Most Asian markets edged up Wednesday and the dollar held gains against its peers on expectations for further interest rate hikes while traders await the release of Donald Trump’s tax reform plan. Shares were in positive territory but US-North Korea tensions are still jangling nerves and keeping investors were from buying with any gusto in early… Please follow and like us:

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Dollar index hits one-month high ahead of Yellen’s speech; euro sinks to one-month low

Dollar index hits one-month high ahead of Yellen’s speech; euro sinks to one-month low The dollar index The European forex markets on Tuesday continued digesting political uncertainties arising from the German elections, kicking the euro to a one-month low. The dollar, on the other hand, stood tall at a one-month high ahead of Fed Chair Janet… Please follow and like us:

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