Foreign companies need to have a substantial presence in the UK, including adequate human and technical resources, for their branch to qualify as a “fixed establishment”, a necessary condition for being treated as a member of a value added tax (VAT) group in the UK, a recent ruling has confirmed.
STEM initiatives key to tackle gender pay gap in manufacturing
Inspiring and encouraging women to think of a career in STEM has become an important part of the strategy for many large manufacturing companies in the UK to address the gender pay gap issue, as the gender pay gap between men and women in the sector narrowed slightly last year.
Dutch DPA fines US-based facial recognition company for GDPR breach
The Dutch data protection authority has imposed a fine of €30.5 million on facial recognition software provider Clearview AI, plus additional periodic penalty payments with a maximum of more than €5 million, for creating a database with faces of Dutch people.
Chinese stocks advance on PBOC’s hint of easing, Hong Kong closed due to typhoon
Chinese stocks rose after the nation’s central bank hinted at easing monetary policy in an effort to bolster growth. Also, expectations built for more consolidation in the brokerage industry
Indonesia offered fugitive Philippine ex-mayor Alice Guo as prisoner swap for Gregor Haas
Indonesian officials confirmed discussions of a swap for the Australian drug suspect in exchange for Guo’s extradition from the country.
Dutch Media Authority issues first fine to influencer over recognisability of ads
The Dutch Media Authority’s recent enforcement action under the amended Dutch Media Act is a reminder that social media influencers need to comply with the new regime and the regulator is enforcing the laws strictly, an expert has said.
Hong Kong stocks snap three-day decline on hopes for Fed rate cut; Wharf, SHK rally
Hong Kong stocks rose, halting a three-day losing streak, as investors increased their bets that the Federal Reserve will cut rates later this month following a weak US jobs report.
Singapore’s tourists can ‘live like kings’ in Bali or Bangkok thanks to soaring dollar
Singapore’s currency is at its strongest against the US dollar in over a decade, benefiting travellers, but hurting some local businesses
New Qatari enforcement law adds certainty for executing judgment debts
Qatar’s new Judicial Enforcement Law, which comes into effect on 6 October, will overhaul the enforcement system structure and provide helpful clarity to commercial parties in Qatar when executing a judgment debt.
Harris, Trump oppose Nippon Steel’s bid for US Steel but could Americans benefit?
The Japanese steelmaker’s US$15 billion bid for its American rival has become a hot-button issue in the US election race.