US imposes tariffs on French goods in response to Macron’s Digital Services Tax. The DST is, however, very justified and should set the context for European reform.
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Alphabet reports worse-than-expected quarterly profits
The world’s dominant provider of internet search, advertising, and video services, Alphabet, (Google’s parent company) seems to have lost its way. Its stock fell as much as 4% in after-hours trading this Monday after it reported it missed analyst expectations and posted a 23% decline in profit as it faces rising expenses.
A cautionary approach to Facebook’s Libra
Facebook has announced that Libra their new digital currency is currently planned to launch in 2020 and is backed by 21 members, including Uber and Spotify.
WeWork’s failed IPO
WeWork is an American commercial real estate company that provides shared workspaces for established enterprises and growing start-ups. The company has just undergone a failed IPO.