LONDON — Accounting firms should do all they can to obtain information needed to complete audits of multinational client companies that risk being delayed due to the coronavirus epidemic in China, Britain’s accounting watchdog said on Sunday. Companies face statutory deadlines for publishing audited financial statement, and delays creates nervousness among investors. Global auditors like Deloitte, […]
Archives for February 2020
China’s mobile and digital dominance runs deep into Indian economy
Sometime in 2019, India overtook the US to become the second largest smartphone market in the world, after China. Of the 158 million units shipped (meaning made available in the Indian market), around 114 million, or 72%, were Chinese brands, said Counterpoint Research. Xiaomi led the pack, with Vivo, Realme and Oppo figuring among the […]
San Francisco’s Clever Girls Facebook group is a place for people who love live music — and raptor memes
“Clever girls” is a popular, music-focused Bay Area Facebook group that was started by a Facebook user known as “Concert Raptor” who wanted to bring people together and give away tickets to shows. Courtesy of Ari the Raptor Just before the 2015 edition of San Francisco’s Outside Lands music festival, a mysterious Facebook user who […]
Dividend Income Taxable – Should you switch to Mutual Fund Growth Option?
As per Budget 2020, dividend income from shares and mutual funds is taxable in the hand of recipient as per applicable tax slab. This means the dividend income which was earlier tax exempted has become taxable. Additionally, any dividend income above Rs.5000 in a financial year will attract tax deduction at source. Many Dividend Mutual […]
Amazon, Flipkart seek rollback of new tax on online sellers
Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to documents seen by Reuters. The online retail industry is braced for a possible 1% tax on each sale made by sellers […]
‘Teenage girls will be the next wave online —this is a huge untapped opportunity for growth’
Jessica Posner Odede Jessica Posner Odede is CEO of Girl Effect, an international NGO working with adolescent girls, using digital technology. Speaking to Times Evoke, Odede discussed the challenges rural girls face globally, using social media to distribute life-altering information — and why corporates should back the efforts of girls going digital: How did Girl […]
U.S. relaxes restrictions on U.S. civilian flights over Gulf
WASHINGTON (Reuters) – The U.S. Federal Aviation Administration is allowing U.S. airlines to resume operations over large areas of the Gulf, saying that a lower military posture by Iran has reduced the threat of miscalculation or misidentification of civilian flights. A notice issued on Friday by the FAA rescinded restrictions imposed on U.S. air carriers […]
Change is Scary, But Often It’s Necessary Our Success with Xero is a Story about Facing Fears
Why do people resist change? That’s easy: It’s only natural to resist something we believe may negatively impact our jobs or careers. We also fear failing at change. However, company leaders need the courage to do what’s best even if it’s scary. In past blogs, I’ve talked about our journey to cloud-based software and have […]
China’s foreign minister denies major risks to Chinese economy as cases surge past 66,000
Wang Yi, Foreign Minister of China, speaks on the second day of the 56th Munich Security Conference. Tobias Hase | Picture Alliance via Getty Images MUNICH — China’s Foreign Minister said Saturday that the Chinese economy — the second-largest in the world — will emerge stronger from the deadly coronavirus outbreak, even as confirmed cases […]
West Karoun oilfields production up five-fold in past six years – Iran oil minister
DUBAI (Reuters) – Oil production at the West Karoun oilfields in southwest Iran has increased five-fold in the past six years, Iran’s Oil Minister Bijan Zanganeh said on Saturday, according to the news site of the oil ministry SHANA. SHANA did not give a figure for the current daily production of oil at West Karoun. […]