Micro News

Micro News

CEO of Goldman Sachs, Lloyd Blankfein, claims that Bitcoin is a vehicle to commit fraud as the value plummets 20% in a day. The most recent high-profile critic of the cryptocurrency has stated that “Something that moves 20% [overnight] does not feel like a currency. It is a vehicle to perpetrate fraud.” Bitcoin…


According to a survey published by the EY accounting firm, Russian businesses are attracted to Cyprus due to its competitive tax regime which includes EU membership for their subsidiary company; double taxation treaties and Russian-friendliness. The survey entitled Russia Doing Business in Cyprus 2017…


Robots now working in Singapore banks

Since Amy started work at the United Overseas Bank’s (UOB) trade finance operations team, she has been very busy processing requests for letters of credit from the banks corporate clients. Amy is a hard worker who does not even stop for a coffee break while dealing with the wide-ranging data that needs…


China: Skype disappearing from app stores

The latest action of China’s authorities in respect of efforts to increase scrutiny of internet applications and eventually protect personal privacy and prevent online terrorist activity, resulted in Skype disappearing from app stores such as the one of Apple Inc. and others. In this manner, the usual…


US: Dissatisfaction with Globalisation

15 years ago, Joseph Stiglitz, published his book entitled “Globalisation and Its Discontents”, which wished to explain why there was a considerable amount of dissatisfaction with globalisation within the developing countries. Notably, global trade agreements were separated for being particularly unfair.…


Bitcoin: Is it a good investment?

Bitcoin does not seem to have many consumers in London’s tech district despite being the fastest-growing asset in the world this year. According to an east London bar, it has been more than 4 weeks since the cryptocurrency was used to buy a craft beer of a flat white at the Old Shoreditch Station. Less…


EU: First published tax haven blacklist

The recent publication of the EU’s first tax haven blacklist has not pleased those who were expecting a crackdown. It seems as if Brussels have left off the worst of the offshore offenders. At first, this is a good result for the offshore lobby, who have been struggling to keep the worst offenders,…


During a 2015 conference hosted by the Minister of Finance, Shanmugaratnam Tarman claimed that the level of Singapores income at that time will cover the expenses planned for the next 10 years. 2 years later during the performance, the Singapore Prime Minister Lee Hsien Loong has also supported Tarman,…


Singapore: Uber trip up yet again

Several users of Uber in Singapore have reported being accused of taking "phantom trips" which they never made, with many of these trips allegedly taking place in different cities around the world. In reality when they did not occur at all however, for citizen Jenna Lim all these phantom trips have caused…



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