Search Results for: coronavirus pandemic
Dollar buoyed by U.S. recovery hopes, bitcoin near record $52,640
February 18th, 2021
The dollar held its ground on Thursday after its first back-to-back gains in two weeks as upbeat data bolstered expectations that the U.S. economy would recover from the coronavirus pandemic faster than most of its peers. Bitcoin traded just ...
COVID-19:VAT relief for vaccines and testing kits
December 10th, 2020
The Commission has welcomed the adoption of important new measures which will enable Member States to relieve EU hospitals, medical practitioners and individuals of Value-Added Tax (VAT) when acquiring coronavirus vaccines and testing kits. The new rules, adopted unanimously ...
European stocks are expected to open lower on Thursday
December 10th, 2020
European stocks are expected to open lower on Thursday as markets track the parlous state of Brexit trade deal talks between the U.K. and EU this week. London’s FTSE is seen opening 10 points lower at 6,563, Germany’s DAX ...
Waiving VAT and customs duties on vital medical equipment
November 18th, 2020
The European Commission waives customs duties and VAT on the import of medical equipment from non-EU countries. The European Commission had already in April 2020 published a decision helping Member States affected by the coronavirus pandemic to temporarily suspend ...
Brexit: What’s happening and what comes next?
November 18th, 2020
It’s been a hectic year in news, with the coronavirus pandemic and the US presidential election dominating the headlines. Brexit deadlines have come and gone, but now it’s fair to say crunch time is fast approaching for the UK’s ...
European stocks closed lower; Travel stocks shedding 1.1%
November 18th, 2020
European stocks closed lower on Tuesday despite a backdrop of more positive coronavirus vaccine news from Moderna. The pan-European Stoxx 600 closed down by around 0.2% provisionally, with travel stocks shedding 1.1% to lead the losses as the majority ...
Dollar loses ground, pound gains as traders eye Brexit talks
November 16th, 2020
The dollar lost ground against other major currencies on Monday, while the pound and the euro drew strength from signs that Britain and the European Union could make progress negotiationg a post-Brexit trade deal. Sentiment across markets were mixed, ...
European stocks close higher on vaccine hopes
November 10th, 2020
European stocks closed higher Tuesday, extending gains from the previous session on hopes an effective coronavirus vaccine has been found. The pan-European Stoxx 600 nudged higher to close up around 0.1% provisionally. Tech stocks dropped 1.9% while banks surged ...
ASIC further regulates the selling of CFDs to Retail Investors
October 29th, 2020
The Australian Securities and investment commission has announced the restrictions on selling. They would like to protect investors, as they are saying. New rules will also mandate negative account protection. It will ensure customers do not lose more than ...
EU expecting COVID-19 dent in 2020 VAT collections
September 30th, 2020
The European Commission has published its latest VAT gap report, which show that EU countries lost an estimated EUR140bn (USD165.7bn) in VAT revenues in 2018, down EUR1bn in nominal terms on the year prior. The “VAT gap” measures the ...
