Amazon’s tax-free €44 billion Europe sales income raises questions

Tech leader Amazon’s recent corporate filings in Luxembourg have given rise to speculations about the firm’s tax planning. The company reportedly garnered record sales income of €44 billion (~USD52 billion) in Europe last year, while not needing to pa

Profits jump for Sony Music as streaming boosts revenues up to $2.5 Bn

Leading music company, Sony Music has reportedly announced that it has recorded an explosive Q4 (fourth quarter) growth, with the company’s operating income surpassing ¥40.62 billion (approximately $383.6 million) upon revenue of over ¥263.37 billion (ap

Japan to open large-scale vaccination centers in Tokyo and Osaka

Government authorities in Japan are reportedly planning to open large vaccination sites in Tokyo and Osaka in the upcoming weeks, aiming to expedite the country’s inoculation drive.

It has been reported that the government wi

SMRT to distribute smart electric motorbikes in Singapore and APAC

Prominent Singapore based electric motorcycle manufacturer EuroSports Technologies has reportedly partnered with SMRT’s fully owned subsidiary- Strides Transportation. This partnership is geared towards manufacturing, marketing and supplying smart electric motor

U.S. to approve $650B of IMF global reserves for low-income nations

The United States Congress is reportedly set to approve more than $650 billion worth of Special Drawing Rights or global reserves held by the IMF (International Monetary Fund) to help low-income nations that have been severely impacted by the Covid-19 crisis.

Tencent’s video game arm TiMi Studios records $10B of earnings in 2020

TiMi Studios, a Tencent Games subsidiary and the videogame developer behind massive mobile hits MOBA Honor of Kings and Call of Duty: Mobile, has reportedly recorded revenues of over $10 billion for 2020, cite reliable sources.

Acc

Top Glove shares take hit as US CBP alleges forced labor, seizes goods

Shares of Top Glove Corporation Berhad, a leading Malaysian rubber glove maker, have reportedly seen a sharp fall in the stock market after the U.S. Customs and Border Protection issued notices across all U.S. ports to seize shipments of Top Glove disposable gloves. T

World Bank to sell new wildlife bond to track rhino numbers in Africa

World Bank, the international financial institution which provides grants and loans to low- and middle-income nations, has reportedly announced that it is selling the world’s first bond that is designed to raise funds to help track and grow population of the end

Congo Republic inks revoked iron ore licenses deal with Sangha Mining

Following a disagreement on an iron ore exploitation deal in 2020, Congo Republic has now resigned two mining agreements with Sangha Mining. Reportedly, this deal was previously withdrawn from Australian miners Sundance and Equatorial Resources, and Avima.