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Cash May Not Be King, but It’s Still Royalty

Cash May Not Be King, but It’s Still Royalty

“Yet digital’s gain isn’t necessarily coming at the expense of cash. The overall pie still appears to be growing. Only two countries, Russia and Sweden, had a net substitution of cards for cash from 2007 to 2016, with cash in circulation shrinking as card payments grew, according to the Bank for International Settlements. In other [...]

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Global tax rules set for overhaul as states seek to avoid new trade war

Global tax rules set for overhaul as states seek to avoid new trade war

PARIS (Reuters) – Outdated cross-border tax rules are set to be rewritten after 137 states sought this week to avoid a new trade war over the global multiplication of taxes on digital services. Amazon (AMZN.O), Facebook (FB.O) and Google (GOOGL.O) have strained existing rules to breaking point because such tech giants are able to book [...]

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Amazon roars back into $1 trillion club, powered by one-day delivery boost

Amazon roars back into $1 trillion club, powered by one-day delivery boost

(Reuters) – There is no stopping Amazon.com’s revenue growth, Wall Street analysts said on Friday. The e-commerce giant re-entered the $1 trillion club after its results crushed expectations, benefiting from investments in faster shipping and a surge in Prime membership. Nearly half of the 51 brokerages covering Amazon raised their 12-month price targets on the [...]

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