Micro News

Each bank has their own procedures for tracking and capturing suspicious payments. Since most banks have already implemented automated transaction systems, all of them apply certain filters to track payments. Hong Kong HSBC can be taken as an example: it definitely has filters adjusted to Latvia, not…


Criteria for the EU offshore blacklist

The EU has been working on establishing criteria and compiling an offshore blacklist. One of the conclusions suggest that a zero income tax rate shall not constitute grounds for being blacklisted. This is good news for Singapore and Hong Kong, where the territorial taxation system implies that the income…


The rock-solid Swiss banking sector

Despite the rough patch that the Swiss banking sector has been going through lately, it didn’t lose its foothold on the world market of private wealth management services. However, the country has lost its world leadership in this sphere, which is frustrating for Swiss bankers. Back in 2005, Switzerland…


Scanning through The Guardian, I came across an article with a 30-year-old man telling a story about his overwhelming need of his parents’ help. He is sometimes frustrated not being given a hand by Mum and Dad. It’s interesting to note that very often sons have deep devotion to their mothers, whilst…


How to react to being fired?

It is indeed offensive to be fired. We perceive it quite differently at 20, 30, 40 and 50. Those who stand at the very beginning of their career path are taught a good lesson that suggests the necessary changes in life and relation to work, in particular, have to be made.  Following Confucius’ advice,…


Samsung is still trying to investigate the cases of the new highly anticipated Note 7 catching fire and exploding in users’ pockets. As experts say, the reason lies with the unit’s being ‘packed’ with all possible hardware in attempt to make it compact but still powerful. As an ultimate safety precaution,…



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