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Business News

Location American Business News for 8 September 2022
How to claim tax benefit on double tax treaty with Sweden? In case of any double taxation on the gains from the sale of shares, mitigation of double taxation can be explored as per provisions of section 90 of Article 13 (Capital Gains) and Article 24 of the DTAA
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David Bowie Estate to Drop 'Bowie on the Blockchain' NFTs, Sale Receives Backlash From Fans The David Bowie estate recently announced it is launching a series of non-fungible token (NFT) collectibles called “Bowie on the Blockchain.” Following the official announcement, however, a number of Bowie’s fans c...
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People may not know what the metaverse holds for them beyond games, but the vast majority of U.S. adults are ready to plunge into it.
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Duly, formerly DuPage Medical Group, announces departure of CEO, names new leader Health system Duly Health and Care announced Wednesday that it has hired a new CEO, and that its most recent leader is departing.
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The online sale of RBG's collar and other items began Wednesday. It ends Sept. 16, just before the two-year anniversary of the icon's death at 87.      
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Putin Threatens to Let Europe 'Freeze' -- Russian President Warns 'We Will Not Supply Gas, Oil, Coal, Heating Oil' Following the discussions concerning the inter-governmental political forum Group of Seven (G7) pledging to impose price caps on crude oil and the European Commission talking about fixing electricity prices, Russian pres...
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A New Game Plan For GameStop? Retailer Is Focusing On Profitability GameStop reported second quarter earnings and says achieving profitability is a top priority.
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Germany is buying robots that look like Russian tanks to practice fighting the real thing "They are designed to be consumable robots," robotic-vehicle firm Gaardtech's founding director told Insider. "They can be engaged by anything."
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Agriculture ministry along with FICCI launches PMU on PPP projects Narendra Singh Tomar said that the PPP model can be an ideal model for growth in the agriculture sector and the projects must focus on benefiting the farmers by enhancing their income
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Energy bills after Truss freeze will eat up as much as 32% of budget for poorest Recalculations made for the Guardian are based on Ofgem and ONS data, and follow announcement of bailout The move to freeze energy bills at an average of £2,500 a year means the poorest households will spend as much as ...
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Bitcoin analyst who called 2018 bottom warns 'bad winter' may see $10K BTC The winter of 2022-2023 is more than a headache for politicians and EU citizens -- crypto hodlers worldwide may see a tangible impact, says Decentrader's Filbfilb.
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Scopely has acquired the Stumble Guys battle royale game from Kitka Games as the game industry continues to consolidate.
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Here are the takeaways from the E.C.B.'s big move.

The New York Times - 8 Sep 2022 17:57
Here are the takeaways from the E.C.B.'s big move. The European Central Bank said it expected to continue raising rates and raised its forecast for inflation.
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Betting against Warren Buffett's Berkshire Hathaway could pay off this year, analyst says Berkshire could disappoint investors with fewer buybacks and stock purchases, and face weaker consumer demand, KBW's Meyer Shields warned.
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Starbucks Forced To Rehire 7 Fired Memphis Workers Who Led Union Effort The seven will get their jobs back after the Seattle-based coffee giant lost an appeal of a lower court's order to reinstate them.
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Electric Vehicle Battery Production May Lead To Coal Country's Return West Virginia is the beneficiary of a new plant to build batteries for fork lifts, farm equipment, and electric vehicles -- the byproduct of the Inflation Reduction Act and the infrastructure law.
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The European Central Bank pulled the trigger on a record interest rate hike as Europe battles a Russian energy crisis and spiraling food prices The second consecutive increase by the central bank is the biggest since it was founded in 1998, with more rises expected in the coming months.
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Dropp acquires metaverse platform Phly for $25M

Venture Beat - 8 Sep 2022 16:05
Dropp Group has acquired metaverse platform Phly for $25 million to build "digital twins" of the major cities in the world.
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With Porsche IPO Around The Corner, Is VW Stock Worth A Look? Volkswagen stock (OTCMKTS: VWAGY) has declined by close to 35% year-to-date, roughly in line with other automotive majors, as the company continues to be impacted by the component supply shortage and concerns about a bro...
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California Averted A Power Crisis By Using Fossil Fuels And Cell Phones The old and the new came into play when California's power demand hit record levels.
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How Jay-Z and Jack Dorsey's Bitcoin Academy provides financial inclusion and breaks down barriers of inequity Insider profiled Jay-Z and Jack Dorsey's Bitcoin Academy at the conclusion of its program for Marcy Houses in Brooklyn.
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UK watchdog to examine whether telecoms companies mislead customers Cap says mobile and broadband users must get clear information about inflation-busting bill increases The UK advertising watchdog has launched an investigation into whether telecoms companies are misleading consumers abo...
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