Micro News

Micro News

The UBS Chairman and former Bundesbank President, Axel Weber, has stated that Bitcoin does not perform some of the most necessary functions of currency. Weber shares the same belief of JPMorgan Chase & Co Chief Executive Jamie Dimon, who said that Bitcoin "is a fraud" and “will blow up”. Bitcoin is…


King Salman and Vladimir Putin have signed energy deals and a slew of arms on Thursday the 5th of October on King Salman’s landmark visit to Russia. The US strives to strengthen their cooperation with Moscow. The two leaders have now signed a number of multi-billion investment agreements including a…


The Ministry of Manpower (MOM) has stated that a new tripartite standard to boost flexible work arrangements was launched by the Second Minister for Manpower Josephine Teo on the 6th of October. The new standard strives to ensure workers are more capable of benefitting from such arrangements Mrs Teo…


EU: Fairer corporate taxation reform

The European Commission will initiate changes to the way taxes on sales are levied in the EU. This is with the objective of combatting fraud and restricting firms’ excessive tax-planning. The new plan is part of a wider EU campaign for fairer corporate taxation. This is due to the fact that many businesses…


The European Commission has released a statement saying that it had undertaken inspections into some EU members over banks having alleged anti-competitive practices. Such practices were limiting competitor financial firms from obtaining online access to information about their customer’s accounts. The…


In early 2015, the Duke-NUS Medical School and a group of five cancer researchers from the National Cancer Centre Singapore (NCCS) began the endeavour to decipher the fruit’s DNA in their free time. Moreover, the team received funding of SGD $500,000 from a group of anonymous durian lovers. It has been…


According to officials, Indonesia is investigating the claim that 81 Indonesian customers at Standard Chartered PLC owe tax after transferring a total of USD $1.4 billion from Guernsey to Singapore, back in 2015. This was before Guernsey adopted new tax transparency regulations. In late 2015, before…


The Royal Bank of Canada is currently testing blockchain technology to facilitate payments and the transferal of funds between it’s US and Canadian banks. RBC's executive vice president stated the use of distributed ledger technology (DLT) would be an extremely beneficial move for the bank. Doing so…


Start-up App Airbnb has gone from strength to strength in the hospitality industry which allows travelers to stay in others homes via a mobile app for a fraction of the cost of a hotel; and is now setting its sights on the restaurant reservation business, hoping to provide travellers with a meal before…



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