Micro News

China to Step Up Cryptocurrency Crackdown

In light of a new crackdown on cyptocurrency, the state media of China report a stamp out of the remaining trading in over-the-counter trading platforms, peer-to-peer networks and where large exchanges occur and firms trade overseas. Indeed, following last year’s crackdown the new plans will very much…


Emirates: New Airbus A380 Superjumbos Order

On Thursday 18th January, Emirates Airlines released a statement that it had done a USD $16 billion deal to buy 36 Airbus A380 superjumbos days after the European manufacturer said that it would have to suspend without new orders. Emirates are said to have ordered 20 of the double-decker aircraft with…


On Thursday the 18th of January, top palm oil producers Indonesia and Malaysia, criticised the EU for supporting a ban on the use of palm oil in biofuels. According to a Malaysian minister, it is a form of “crop apartheid” and a protectionist trade barrier. On Wednesday,  European lawmakers approved…


Apple’s recent announcement that it will pay USD $38 billion in U.S. tax on its overseas cash will not reduce the USD $16 billion tax bill which the company owes Ireland following a European Union ruling, according to the EU’s executive. In 2016, there was a ruling that Apple received illegal state…


According to sources, Credit Suisse is expecting a 2 percentage point GST hike to be revealed on Monday the 19th of February in this year’s Budget statement. This is expected to be put into action from 2H2018 onwards. The bank’s long-term fiscal scheme shows annual government expenditure rising by…


Singapore: Clamp down on white-collar crime

The clampdown follows high-profile cases such as financiers in Singapore and their association to the 1MDB (1 Malaysia Development Berhad). Singapore states that it is becoming more stringent and serious about combatting white-collar crime according to Bloomberg. The Commercial Affairs Department –…


Virtual currencies and the developed software used to track them have now become attractive targets for various cybercriminals at the same time as creating a profitable new market for computer-security firms. Lex Sokolin, the global director of fintech strategy at Autonomous Research LLP, states that…


The President of Cyprus, Nicos Anastasiades, states that the interests regarding Cyprus neglecting its duties in combatting money-laundering as a member of the European Union were “unjustified”. He is said to have expressed this belief in a letter to the members of the European Parliament (MEPs) on…



Cyprus:
+357 25 02 50 34
Singapore:
+65 62 47 71 92
Russia:
+7 812 458 46 22
Skype:
eltoma.0015