News highlights – 15 June

Written by on June 16, 2017 in News with 0 Comments

News highlights for 15 June

REUTERS/Lucas Jackson/File Photo – RTS1686M

Snap shares sink back to IPO levels

SAN FRANCISCO (Reuters) – Shares of Snap Inc dropped 4.9 percent on Thursday to their initial public offering price, highlighting investors’ loss of confidence in the social media company that faces fierce competition from Facebook. Read more…

Retail reaction to Amazon arrival in Australia overblown

SYDNEY/SAN FRANCISCO (Reuters) – Since Amazon.com Inc said in late April it would bring its Marketplace for third-party sellers to Australia, shares of leading bricks-and-mortar retailers have tumbled on fears their growth prospects would be hit. Read more…

Bank of Thailand rejects plan to embrace Bitcoin

Bank of Thailand governor Veerathai Santiprabhob poured cold water on the request, saying that it was too soon to change laws to support Bitcoin, which he described as an investment unit that is very high-risk and very volatile. Read more…

Macron wants France to think and move like a start up

PARIS (Reuters) – French President Emmanuel Macron laid out his vision for a digital future on Thursday, saying he wants France to undergo a revolution so that it becomes a country that “thinks and moves like a startup”. Read more…

India’s new GST will cause companies chaos as they seek compliance

NEW DELHI (Reuters) – India’s new Goods and Services Tax (GST), its biggest tax reform since independence, will unify a $2 trillion economy into a single market – and demand massive changes for small businesses that will have to go online to file their taxes. Read more…

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