Google Australia has confirmed that the Australian Taxation Office (ATO) is chasing it for a debt relating to unpaid tax, noting it will “lodge an objection” against the amended income tax assessments it was issued at year-end. “Such contingencies relate to reviews for open tax years as well as certain transactions and computations for which the ultimate tax determination is uncertain during the ordinary course of business,” […]
Authored by EconomicPrism’s MN Gordon, annotated by Acting-Man’s Pater Tenebrarum, Seeing the Light It has been said that “the definition of insanity is doing the same thing over and over again and expecting different results.” No one quite knows who first uttered this remark; it has been attributed to Albert Einstein, Mark Twain, Benjamin Franklin, and has even been said to be an Ancient Chinese Proverb. What […]
30 April 2017 COLOMBES, France–(BUSINESS WIRE/ME NewsWire)– UAE Exchange, the leading global remittance, foreign exchange and payment solutions brand, and OT (Oberthur Technologies) have partnered to launch “gocash” prepaid card of UAE Exchange through the first-ever contactless payment via wearable devices (powered by “Flybuy MiniFOB” technology of OT), at the Seamless Middle East Conference in Dubai on 01 May 2017. UAE Exchange will be offering the wearable […]
WASHINGTON At least 352 civilians have been killed in U.S.-led strikes against Islamic State targets in Iraq and Syria since the operation began in 2014, the U.S. military said in a statement on Sunday. The Combined Joint Task Force, in its monthly assessment of civilian casualties from the U.S. coalition’s operations against the militant group, said it was still assessing 42 reports of civilian deaths. It added […]
Many discussions of digital transformation focus on marketing metrics such as page views, clicks, and even mentions in the press. Although marketing is important, this limited and unsophisticated view ignores underlying issues such as improving business speed, agility, and responsiveness to customers. Only by rethinking business models can we meaningfully gain benefit from digital transformation in departments across the company including operations, supply chain, manufacturing, and customer […]
Authored by Paul Craig Roberts, Not everyone likes to hear about the threat of nuclear war. Some find refuge in denial and say that nuclear war is impossible because it makes no sense. Unfortunately, humankind has a long record of doing things that make no sense. In previous posts in recent years I have pointed out both written documents and changes in US war doctrine that indicate […]
BEIRUT U.S.-backed militias said on Sunday they had made a big advance in Tabqa, a strategically vital town controlling Syria’s largest dam, in their campaign to drive Islamic State from its stronghold of Raqqa, 40km (25 miles) downstream. The Syrian Democratic Forces (SDF), a group of Kurdish and Arab militias, will wait to assault Raqqa until it seizes Tabqa, its military officials have previously said, but it […]
By Liana B. Baker and John Tilak Shaw Communications (SJRb.TO) is looking for a buyer for ViaWest, the U.S. data center company it bought three years ago, according to people familiar with the matter, as the Canadian cable company continues to shed assets it considers non-core. The sale of ViaWest would be Shaw’s latest step to streamline its operations. Last year it sold its media assets to […]
Etihad Airways plans to stand by Air Berlin even after its German partner reported soaring operating losses as a strategic overhaul struggled to gain traction. Germany’s second-largest carrier is shedding tourism and point-to-point operations, shrinking its fleet by half to transform itself into a network airline. The process contributed to pushing the operating loss to 667 million euros ($739 million) last year, more than twice the 2015 […]
ABU DHABI // Driving behaviour needs to change if laws are to be effective in improving safety and compliance, according to the experts. Robert Hodges, a driver education and road safety expert, said new laws are beneficial but they will be workable only if motorists are willing to adapt their driving to them. “The underlying problem, which continues to exist, is that the authorities need to change […]
SYDNEY Alphabet Inc’s (GOOGL.O) Google said it will challenge amended tax assessments issued by the Australian Taxation Office (ATO), which is trying to claw back billions of dollars from multinational corporations citing unpaid taxes. The ATO has increased scrutiny over how much tax multinationals operating in Australia pay. In December, it said it was pursuing seven global businesses over A$2 billion ($1.50 billion) in unpaid tax. While […]
28 April 2017 Beirut, April 27, 2017 US$ 43.9 billion of assets US$ 36.0 billion of customers’ deposits US$ 17.0 billion of loans to customers Advertisement US$ 3.8 billion of shareholders’ equity US$ 110 million of net profits in the first quarter of 2017, of which 23% from Odea Bank and 10% from Bank Audi Egypt, raising the contribution of entities abroad to consolidated net profits to […]
After a dismal fourth quarter, it seems that Europe’s investment banks have got some of their swagger back. Switzerland’s UBS grew investment bank profits by more than 50 per cent in the first quarter, even though it is hard to imagine a recovery less well-suited to the Swiss bank which is short on the US exposure and the markets businesses that have driven the strong results of peers. Credit Suisse […]
WASHINGTON The U.S. Congress passed and sent to President Donald Trump legislation to pay for federal government operations through May 5 and avoid agency shutdowns that otherwise would have begun on Saturday. The Senate approved the one-week extension of funding that the House of Representatives approved earlier on Friday. The legislation gives Congress another week to craft a deal on how approximately $1 trillion will be spent […]
Barclays has reported a doubling of underlying quarterly profits, excluding a big hit for selling its African unit, as its chief executive sought to shift attention away from a row over his treatment of a whistleblower. Jes Staley, who is being investigated by British and American regulators for trying to discover the identity of a whistleblower, said: “We are now just two months away from completing the […]
An early player in drone-tech, 3D Robotics Inc., announced that it has raised $53 million in a Series D round of funding on Thursday, including new equity funding and conversion of debt equity. Atlantic Bridge led the round joined by Autodesk Forge Fund, True Ventures, Foundry Group, Mayfield and other undisclosed investors, according to the company statement. The company didn’t break out how much new capital it saw […]
Inquirer.net Trillanes wants Senate probe on alleged slay plot vs gambling operatorInquirer.netSenator Antonio Trillanes IV is set to call a Senate inquiry into Charlie “Atong” Ang’s accusation that two Cabinet officials were involved in an alleged plot to kill him over his gambling operations. Trillanes said Friday he would file a resolution … and more » (via Google News)
By Jennifer Ablan and Stephen Nellis | NEW YORK/SAN FRANCISCO NEW YORK/SAN FRANCISCO Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. U.S. President Donald Trump said on Thursday in an interview […]
Just in case someone attempts to fly a drone over Iraq and Syria, DJI has made sure it will not happen. DJI added parts of Iraq and Syria to its No-Fly Zone or NFZ list. It means DJI-made drones will be prevented from flying in and around the war-torn region, which is currently embroiled in a war. Several news reports stated that terrorist organizations like the Islamic State had […]
By Idrees Ali | WASHINGTON WASHINGTON As President Donald Trump’s administration drafts an Afghanistan policy, U.S. officials are seeking a way to reverse gains by militant groups without wading deeper into a 15-year-long war that has no end in sight. In the past month, three U.S. service members have been killed in operations against Islamic State militants near Afghanistan’s porous border with Pakistan, where armed groups still […]
By Phil Stewart and Yara Bayoumy | WASHINGTON WASHINGTON When U.S. Defense Secretary Jim Mattis greeted Saudi Arabia’s foreign minister at the Pentagon last month, the first thing he did was joke about the time “the Iranians tried to murder you.” Mattis’ reference to a foiled 2011 plot, denied by Iran, was a telling sign of how much more aligned President Donald Trump’s administration is with Gulf […]
Dubai, 26 April, 2017: Mawarid Exchange, a leading exchange company has signed Remittance Agreement with the Land Bank of the Philippines, one of the top government financial institutions in Philippines. The agreement has been signed by Mr. Mohamed Al Nuaimi, CEO, Mawarid Exchange and Mr. Alex V. Buenaventura, President, Land Bank of the Philippines. According to this agreement, Mawarid Exchange clients shall be able to use the […]
The malware code contains references to Felis and Mus — Latin for ‘cat’ and ‘mouse’. Image: Getty Images/iStockphoto A sophisticated form of Trojan malware allows its highly-skilled creators to secretly take over an infected system — and it comes with self-updating capabilities that enable it to strengthen itself, fix bugs, or change what it looks like in order evade detection. Once it has infected a system, the […]
Yoav Galant, the Israeli construction minister, also declined to confirm the strikes but told Channel 10, “Our enemies must know: We will know to use our power to protect our interests by ourselves.” Continue reading the main story Large explosions were heard miles from the airport that serves Damascus, the Syrian capital, and the glow of flames could be seen in the distance, according to residents in […]
