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Amazon Go, an automated grocery store chain, was inaugurated in Seattle
Jan 23,2023
Amazon Go, a grocery store chain created by Amazon, had its first store inaugurated in Seattle. The store distinguishes itself by having no lines, no cashiers and no employees, functioning entirely on automated processes. Shoppers enter by scanning t...
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Vietnam continues its efforts to collect tax from retailers using social networks
Jan 23,2023
The Tax Department of Ho Chi Minh City, in Vietnam will continue its efforts to collect tax from retailers using social networks to sell their products. In 2017, the agency contacted more than 14,500 online retailers, including those using Facebook a...
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Countries in Southeast Asia introduce taxes on e-commerce
Jan 22,2023
Following the exponential growth of e-commerce in Southeast Asian, several ASEAN governments are introducing taxes on e-commerce sales or considering to do so, such as Singapore, Thailand and Malaysia. Malaysia is amending a few of the tax laws, espe...
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Kenya: Mobile money interoperability to launch in March 2018
Jan 22,2023
The pilot phase of Interoperability among mobile money platforms in Kenya was launched on 22 January 2018. Following an agreement by three of Kenya's major mobile money platforms (Safaricom's M-Pesa, Telkom Money, and Airtel Money) to integrate ...
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Negotiations on the Digital Economy Partnership Agreement reach a conclusion
Jan 21,2023
Singapore, New Zealand and Chile announced in a joint statement that negotiations on the Digital Economy Partnership Agreement (DEPA) have reached a substantial conclusion, and most of the points have been settled among the three countries. The agree...
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African fintechs secure commitments at UK Africa Summit Economic
Jan 20,2023
The African fintech space registered gains from the UK-Africa Investment Summit held in London on 20 January 2020. Initiatives that are already working in financial inclusion, such as Financial Sector Deepening (FSD) Africa were recognised for their ...
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Carnegie Europe releases publication on possibilities for a transatlantic partnership in IG
Jan 19,2023
Carnegie Europe has released a new publication,Governing Cyberspace: A Road Map for Transatlantic Leadership, written by Sinan Ulgen. The publication examines areas of convergence between Washington and Brussels in order to 'identify and jointly shap...
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EU to look into the use of big data by large Internet companies
Jan 18,2023
The EU is examining whether the use of big data by large Internet companies, such as Google and Facebook, breaches antitrust rules. In an interview with Wall Street Journal, European Competition Commissioner Margrethe Vestager said: 'if a c...
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Web-based tool to remove non-tariff barriers in Africa became operational
Jan 17,2023
The United Nations Conference on Trade and Development (UNCTAD) and the African Union (AU) developed an online tool to remove non-tariff barriers (NTB) to trade in Africa: tradebarriers.africa. The tool, which was run on 13 January 2020, is meant to ...
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Singapore chairs ASEAN and gives priority to e-commerce
Jan 17,2023
Singapore initiated its chairmanship of the Association of Southeast Asian Nations (ASEAN) for 2018. Singapore singled out e-commerce as a priority, given that ASEAN's digital economy is projected to reach US$200 billion by 2025. This prioritisation ...
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Canada considers enforcing a 'Netflix tax'
Jan 17,2023
The Canadian government is considering to impose a so-called 'Netflix tax' on digital services bought from foreign companies over the Internet. Currently, Internet companies as Netflix do not apply Canadian sales taxes to the bills they send to Canad...
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Trade has become a tool in the global struggle for technological supremacy according to EU trade chief
Jan 16,2023
EU Trade Commissioner Phil Hogan visited the United States and expressed the wish to 'refresh, recalibrate and generally reclaim the shared trade agenda of the EU and US in the coming months'. At the center of the bilateral talks were US complaints a...
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