Quarterly profit at SoftBank Group Corp was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100 billion Vision Fund. Wednesday’s dismal results could further dampen investor enthusiasm for founder Masayoshi Son‘s big bets on untested start-ups. While Son told a news conference SoftBank had […]
Archives for 2020
What’s going to stop the 5G rollout?
Although 5G has many potential benefits, there are some barriers that will inhibit these services, particularly outside the private settings on a public network. High set-up costs To provide 5G services, of course, you need a network, says Pod Group’s Alistair Elliott. Unless an operator has deep pockets and they’re happy to wait for customers […]
FBI: $3.5B Lost in 2019 to Known Cyberscams, Ransomware
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CCI doesn’t have prima facie proof, Amazon tells HC
Illustration: Rahul Awasthi Amazon on Wednesday argued in front of a Karnataka High Court Judge that the Competition Commission of India (CCI), which is currently probing the company and its chief rival Flipkart over alleged business malpractices, did not have prima facie evidence to order the investigation into it. The company said that the CCI […]
Federal Reserve’s Patrick Harker says interest rates should ‘hold steady for a while’
Patrick Harker, President of Philadelphia Federal Reserve Bank, during the Fed’s annual Jackson Hole symposium in Wyoming. Gerard Miller | CNBC Interest rates should stay where they are as the economy grows and the consumer continues to be in good shape, Philadelphia Federal Reserve President Patrick Harker said Wednesday. A voter this year on the […]
India makes exemption for Nepal, allows some refined palmolein imports – sources
MUMBAI/KOLKATA (Reuters) – India, which restricted imports of refined palm oil and palmolein in January, has exempted Nepal and has started issuing licences to import some refined palmolein from the Himalayan nation, two government officials told Reuters. The move could put pressure on Indian refiners as imports from Nepal were allowed at zero duty under […]
Fall in percentage of successful SIPP complaints
Latest Financial Ombudsman Scheme data released today shows a steady decline in the number of SIPP complaints upheld over the past year. The percentage of complaints upheld in the last quarter was 49%, a drop on the 56% seen the previous quarter and well down on the 62% upheld in Q1 2019. The number of […]
The (Partial) Death Of The Stretch IRA: How The SECURE Act Impacts Inherited Retirement Accounts
Executive Summary Passed into law in December 2019, the “Setting Every Community Up For Retirement Enhancement (SECURE) Act”, introduced a plethora of substantial updates to longstanding retirement account rules. One of the most notable changes was the elimination (with some exceptions) of the ‘stretch’ provision for non-spouse beneficiaries of inherited retirement accounts. As prior to […]
Accounting Department Named for William Dillard – University of Arkansas Newswire
Feb. 12, 2020 Photo Submitted FAYETTEVILLE, Ark. – In recognition of his pioneering work in the retail field and founding of the department store chain that bears his family name, the accounting department at the Sam M. Walton College of Business at the University of Arkansas will be named the William Dillard Department of Accounting. […]
Tax Notices You can get and What to do about it?
Once the ITR is submitted and verified by the tax payer, the department goes through every return in automated/manual fashion to check if everything was correct and matches with the data available with them. In case they find a wrong/doubtful entry or have further questions about any declared or undeclared income or deduction or exemption, […]