US retail giant Walmart on Tuesday reported that ecommerce contributed 12% to its international sales during the quarter ended January 31, led by Flipkart and online grocery delivery in several markets. In its fourth quarter earnings report, the company said that international sales had grown by 2.3% to $33 billion, despite a disruption in Chile […]
Archives for 2020
Social media companies to join hands for cleanup
Illustration: Rahul Awasthi The world’s biggest social media companies, including Facebook, Google, Twitter and ByteDance, are exploring an industry-wide alliance to curb fake news on their platforms in India, even as the government finalises regulations aimed at censoring content. The proposed alliance — to be named the Information Trust Alliance (ITA) — will be a […]
ShareChat to stay focused on users, unique content
Illustration: Rahul Awasthi ShareChat will continue to focus on growing and retaining users over monetising the platform, a top executive of the homegrown social media platform told ET, even as the app faces intense competition from Chinese ByteDance-owned short video platforms TikTok and Helo in India. In the last six months, ShareChat has consciously boosted […]
Older workers are staying in the job market. Here’s why
Welcome to Retirement Scan, our daily roundup of retirement news your clients may be talking about Older workers are sticking around the job market. This is whyThe number of workers aged 65 and above increased by 697,000 as the economy created more than 2 million new jobs over the past 12 months, according to data […]
Partner Pages 2020: All in on advisory
By Ben Chandler, Principal, Strategy1, Tasmania Accountant Ben Chandler left sunny Queensland for the brisk, cool climate of Tasmania nearly ten years ago. But it wasn’t just a change of scenery that he discovered upon his arrival. Following a visit to his local Xero roadshow, Ben was introduced to the wonders of cloud-based accounting and […]
No need to report some transactions in video game currency, IRS says
Gamers who transact in virtual currencies as part of a video game do not have to report the transactions on a tax return if the currencies do not leave the game environment, the IRS made clear in a statement released on its website Feb. 14. The clarification relates to whether, or when, a currency used […]
Rooting for a Correction
[embedded content] Unless you’re 90 years old and intend to spend the last dollar in your portfolio next month, I don’t know why you’d be rooting for endless all-time high streaks. I’m definitely not. Be sure to subscribe to our channel so you never miss an update On an all new What Are Your Thoughts, […]
Argentina pockets $35B windfall after accounting change – Accounting Today
Argentina may be in deep financial trouble, but its central bank is comfortably back in the black — thanks to a small accounting maneuver. A little-noticed decision by policy makers late last year to change the way they value government bond holdings transformed the central bank’s balance sheet overnight, turning what had been a net […]
Three Ways to Get More Client Referrals
Most advisory firms will strive to be more successful, whether it is this year or by the year 2030. To do this, most will have to significantly grow the number of total assets managed. For others the total number of clients will need to increase, which is especially true for the minority of financial planners […]
India to have more than 907M internet users by 2023: Report
India will have more than 907 million internet users by 2023, accounting for nearly 64% of the population, according to Cisco Annual Internet Report. The report has highlighted that devices and connections are growing faster (7% CAGR) than the population (1% CAGR) in the country. This trend has been boosting the growth in the average […]