Indonesia to impose VAT, income tax on crypto assets from May
Indonesia plans to charge value-added tax (VAT) on crypto asset transactions and an income tax on capital gains from such investments at 0.1% each, starting from May 1, a tax official said on Friday, amid a boom in digital asset trading.
EXCLUSIVE U.S. warned firms about Russia’s Kaspersky software day after invasion -sources
The U.S. government began privately warning some American companies the day after Russia invaded Ukraine that Moscow could manipulate software designed by Russian cybersecurity company Kaspersky to cause harm, according to a senior U.S. official and two people familiar with the matter.
Moscow says all foreign leased aircraft will remain in Russia
All foreign leased aircraft still in Russia after the termination of Western leasing contracts will remain in Russia, Deputy Prime Minister Yuri Borisov said on Thursday.
Explainer: Russia wants gas payments in roubles. Will buyers make the switch?
President Vladimir Putin signed a decree on Thursday requiring foreign buyers to pay roubles for Russian gas from April 1 or see their contracts halted, a move described as “blackmail” by European states.
Italy expects to sell Monte dei Paschi after restructuring
Rome expects to return Monte dei Paschi di Siena (BMPS.MI) into private hands only after the bailed-out lender completes restructuring steps it is currently discussing with European Union authorities, Italy’s economy minister said on Monday.
Dubai’s new crypto regulator brings UAE firm BitOasis under its wing
BitOasis, a Middle East-focused crypto exchange based in the United Arab Emirates, has received provisional approval from Dubai’s new crypto regulator, as the UAE pushes to become a centre for the virtual asset sector.
In Zimbabwe, coal power project seeks other backing after China’s U-turn
A Zimbabwean company that had been banking on Chinese financing to build a major coal-fired power plant says it is now looking for alternative backers as China pulls back on funding such projects overseas.
Analysis: U.S. stock rally defies economic unease
As a stunning rebound in U.S. stocks charges on, investors are questioning how long the surge can continue in the face of a hawkish Federal Reserve, warnings of recession from the bond market and geopolitical uncertainty.
China’s largest banks signal tough times ahead
Five of China’s largest banks have said the country’s lenders face multiple headwinds this year that include the pandemic, global politics and domestic turmoil in the real estate industry.
Bank of Japan ramps up battle to defend yield cap even as weakening yen raises economic risk
The Bank of Japan kept up its relentless quest to defend a key yield cap by offering to buy unlimited amounts of 10-year government bonds on Tuesday, underscoring its resolve to keep policy ultra-loose and putting downward pressure on the yen.
