News Articles

World Bank launches world-first blockchain bond

The World Bank has priced the world’s first public bond created and managed using only blockchain in a A$100 million ($73.16 million) deal designed to test how the technology might improve decades-old bond sales practices.

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Thailand mulls tougher tax rules

Thailand is studying plans to toughen tax collection rules for Internet and technology firms like Alphabet Inc’s Google, the head of the Revenue Department told Reuters, as the tax affairs of these firms comes under growing scrutiny in South-East Asia.

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M&S to close stores at home and abroad as profits fall

Britain’s Marks & Spencer (M&S) said it would shut about 30 stores at home and 53 abroad, with its new boss seeking to revive the retailer by focusing more on food and less on its struggling clothes and homewares ranges.

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US The Best Place To Be A Rich CEO

If your life’s goal is to be a highly-paid chief executive officer, the US is the place. But if your dream is just to be richer than society, South Africa and India are great bets too.

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