U.S. government debt prices were lower on Friday morning, as investors closely monitored flash readings of purchasing managers’ index data for further clues about the pace of the economic recovery. At around 2:15 a.m. ET, the yield on the benchmark 10-year Treasury note was higher at 0.6525%, while the yield on the 30-year Treasury bond was […]
Archives for August 2020
News publishers push back against Apple over app store terms
Major news publishers are seeking more favorable terms from Apple on commissions the iPhone maker collects from them on payments made through its app store, according to a letter posted by a trade body on Thursday. Digital Content Next (DCN), which represents The New York Times, the Washington Post, the Wall Street Journal and other […]
RPI reform could cost pension savers £122bn, ABI warns
The Association of British Insurers has warned that Government proposals to reform the calculation of the Retail Prices Index (RPI) could cost pension savers £122bn if plans go ahead to implement the changes from 2025. Estimates by ABI members have found that implementing the proposed changes in 2025 could leave those affected worse off by […]
Facebook confirms Zuckerberg interviewed in FTC investigation
Facebook confirmed on Thursday that chief executive Mark Zuckerberg was interviewed earlier this week at a Federal Trade Commission (FTC) investigative hearing as part of the government’s antitrust probe into the social media company. “We are committed to cooperating with the U.S. Federal Trade Commission’s inquiry and answering the questions the agency may have,” the […]
Amazon, RIL’s e-pharma plans alarm chemists
Worried with the recent entry of biggies Amazon India and Reliance (RIL) into the e-pharmacy sector, All India Organisation of Chemists and Druggists (AIOCD) — representing 8.5 lakh chemists — is holding an all-India meeting of its executive committee on August 21 to finalise an action plan. “We are planning to legally contest the entry […]
Tax-News.com: UK Issues Final Loan Charge Guidance
The UK tax authority has published final guidance on the Loan Charge regime, following the enactment of amendments in the UK Finance Bill 2019-21.
AICPA urges firms to schedule peer reviews as off-site deadline is extended
CPA firm peer reviews can continue to be held remotely without prior approval of the administering entity for system reviews commencing before June 30, 2021, as a result of a vote Thursday by the AICPA Peer Review Board (PRB) that extended the off-site waiver. In response to the coronavirus pandemic, the PRB previously had waived […]
FPA fall conference goes all virtual. Will 2021 conferences be next?
The FPA’s fall conference scheduled for next month will be virtual, a sign of how the coronavirus pandemic is still disrupting wealth management months since the outbreak started. The association, which has more than 20,000 members, hasn’t made a decision regarding in-person events in 2021. “At this time, we do not know our plans for […]
Promoting resilience helps firms and people in turbulent times
Recent times have exacerbated an essential truth: The only constant is change. For most of us, our normal environments and modes of operation have been completely upended — personally and professionally. A highly infectious virus quickly spread across the world, and we still have difficulty drawing managerial conclusions; it has been difficult to see through […]
India fifth largest requestor for removal of content: Twitter
India was the fifth largest ‘requestor’ among countries for removing content on Twitter and Periscope based on local laws, according to microblogging platform Twitter’s latest transparency report. The report captures data between July -December 2019 on matters such as Twitter’s rules enforcement statistics, legal demands on content removal made by countries to the platform, copyright […]