India Is Moving Forward With 28% Tax Levy on Online Gaming, Casinos
An Indian tax panel on Wednesday decided to move ahead with the goods and services tax on online gaming and casinos, approving the rules for its implementation.
Bloomberg Business
US Ramps Up Debt Issuance, Adding Fuel to Selloff in Treasuries
The US Treasury boosted the size of its quarterly bond sales for the first time in 2 1/2 years to help finance a surge in budget deficits so alarming it prompted Fitch Ratings to cut the government’s AAA credit rating a day earlier.
BofA-Led Debt Swap for Gabon Moves Ahead With $500 Million Bond
Gabon’s debt-for-nature swap is edging closer to reality as the African nation tests international markets with a $500 million bond deal.
France Looks to Block US Purchase of Velan’s Nuclear Business
France is looking at ways to prevent Velan SAS, a domestic supplier of parts for nuclear reactors, from falling into US hands as it aims to protect a strategic industry.
ECB Board’s Successor to Panetta Will Be Discussed This Month
(Bloomberg) — Candidates for the soon-to-be-vacant spot on the European Central Bank’s Executive Board must be proposed by Aug. 30 for discussion a day later by some of the region’s top civil servants, according to people familiar with the matter.
UBS to Close Credit Suisse’s Crossfinder Trading Platform in Latest Cuts
UBS Group AG is winding down the electronic-trading platform it inherited from Credit Suisse as the Swiss bank looks to shed more assets from the defunct rival it took over this year.
Coursera’s CEO Wants its Chatbot to Become Your Personal Tutor
Five minutes with the head of the online education platform on remote learning trends, the top skills and why a four-day week won’t work for his company.
Treasury Downplays Fitch Rating, Sees ‘Limited’ Yield Impact at Most
A senior Treasury official said there’s limited implications for the price of government debt from the move by Fitch Ratings to cut the US’s AAA sovereign rating.
Salesforce Cuts More Jobs After 10% Reduction Earlier This Year
Salesforce Inc. has eliminated more workers beyond a previously announced 10% reduction in a renewed focus on profitability.
Europeans Lack Insurance Protection as Wildfires and Drought Batter the Region
Almost 90% of natural disaster-driven losses in Europe weren’t covered by insurance in the first half of 2023, according to Munich Re.
