Information that has been gathered from various sources has confirmed that Seoul city’s (South Korea) government has been turning in to a public blockchain for favoring few administrative applications. Out of all the blockchain projects that South Korea has, ICON is its largest project, and the Government of Seoul has chosen this project to process […]Continue Reading
Former Goldman Sachs Chairman Jim O’Neill has told in a recent interview that the single most important thing in today’s world economy is reviving the Chinese consumer. As per Chinese official statistics, the country’s growth has been slowed down to 6.6 percent in 2018, which is slowest in the last many years. The country’s on-going […]Continue Reading
Significant progress has been made during the latest round of China-United States trade talks. Business leaders, analysts, and officials said that it could pave the way for a complete solution during the next-step of negotiations. They also conveyed that China has been opening up its economy to the rest of the world and is offering […]Continue Reading
Chinese tech giant Huawei’s chief executive has been charged with criminal charges for stealing trade secrets, misleading banks about its business and violating U.S. sanctions. Huawei entirely denied committing any violation mentioned in the indictment. These charges were announced just before a critical two-day round of trade talks between China and the United Continue Reading
The United States Internal Revenue Service (IRS) will be starting tax filing season on the next Monday. There is a high chance of the season to become chaotic as the IRS is hard-pressed on workforce by the on-going shutdown. This could be the worst chapter of the current shutdown which has been dragging for 34 […]Continue Reading
Germany is considering various ways to block Huawei’s 5G mobile network as per reports. If the government does block it, it will follow other countries like Australia and the United States which has already restricted Huawei from accessing its next-gen mobile networks. Both countries have cited national security as the reason behind banning it. The […]Continue Reading
Cryptocurrency investors will have to pay taxes on earnings from April this year. According to the Internal Revenue Services authority of the country or Servicio de Impuestos Internos (SII), crypto assets will also have to be filed with annual tax returns. This is a strong step taken by the South American country to regulate the […]Continue Reading
China has become the biggest victim of the global slowdown. Proving this point stronger, the Chinese central bank, People’s Bank of China has infused 560 billion Yuan ($83 billion) into the banking sector. It is the highest amount to be injected in a day in Chinese history. The yield on the 10-year Chinese government bond […]Continue Reading
After the global slow down and disappointing growth results from many countries, now Germany also reported the slowest economic growth since the last five years. The slowdown in Germany has added the problems of global downturn and trade conflicts between the countries. Germany’s Government sources said that the economic growth eased in 2018 to 1.5 […]Continue Reading
Venezuelan President Nicolas Maduro started his second term in office by delivering a state-of-the-nation speech on Monday and delivered a few fresh ideas to help the increasingly isolated country escape hyperinflationary collapse or a further downward spiral in 2019. His election to the second term was full of criticisms that he had used unfair practices […]Continue Reading