U.S

Coronavirus Decimates US Stock Market $1.7T In 48 Hours

Coronavirus Decimates US Stock Market $1.7T In 48 Hours
Coronavirus Decimates US Stock Market $1.7T In 48 Hours
February 26, 2020  |  Investments

The U.S. stock market is spiraling downward, with the S&P 500 losing $1.737 trillion during a massive sell-off prompted by mounting fears over the coronavirus, according...

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Fed: ‘Great Uncertainty’ Around Impact To US Economy
Fed: ‘Great Uncertainty’ Around Impact To US Economy
February 25, 2020  |  Cross-border Payments

Officials with the Federal Reserve don’t know yet precisely how severe the impact from the coronavirus will be, and on Monday (Feb. 24) said they...

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G20 Determined To Change How Big Tech Is Taxed
G20 Determined To Change How Big Tech Is Taxed
February 23, 2020  |  Taxes

G20 officials want to optimize taxes from tech giants like Google in a bid to help raise revenues in countries around the world, they said...

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Barr Questions Whether Facebook, Others Should Be Immune To Lawsuits
Barr Questions Whether Facebook, Others Should Be Immune To Lawsuits
February 20, 2020  |  Facebook / Meta

U.S. Attorney General William Barr said on Wednesday he was unsure whether social media giants like Facebook and Google needed the immunity that protected them...

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UK Google Users Will Be Under US, Not EU Privacy Protections
UK Google Users Will Be Under US, Not EU Privacy Protections
February 20, 2020  |  Cross-border Payments

Google users in the U.K. will no longer have access to European Union data security, instead being moved by the tech giant to American jurisdiction,...

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Goldman Sachs Warns Of Market Drop Due To Outbreak
Goldman Sachs Warns Of Market Drop Due To Outbreak
February 20, 2020  |  Cross-border Payments

Despite high levels of U.S. and European stocks, Goldman Sachs warns that the coronavirus’ impact could bring it all toppling down, according to the Financial...

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EU Neutral On Potential US Stakes In Ericsson, Nokia
EU Neutral On Potential US Stakes In Ericsson, Nokia
February 18, 2020  |  Mobile

The U.S. Attorney General William Barr recently said the country should consider purchasing majority stakes in Nokia and/or Ericsson to push back against the dominance...

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HSBC Reorganization Slashes 35K Positions, $100B Assets
HSBC Reorganization Slashes 35K Positions, $100B Assets
February 18, 2020  |  Cross-border Payments

Europe’s biggest bank by assets, HSBC, is slashing 35,000 jobs and $100 billion in assets as it moves to streamline business functions in the U.S.,...

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