Business

Indonesia planning 10% tax on foreign digital services

Indonesia will slap a 10 percent value-added tax on the digital offerings of foreign companies from July 1, the finance ministry said, a levy that could apply to internet giants such as Spotify and Netflix.

Business

Coronavirus: Nike closes stores in US and some other countries

Multinational sporting goods seller Nike will close its stores in the US, Canada, Western Europe, Australia and New Zealand for 11 days starting Monday in response to the coronavirus pandemic, it said in a statement received ...

Business

France, US agree to extend talks over digital tax

Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital giants to the end of the year, postponing Washington's threat of sanctions against Paris, French officials ...

Business

Early data point to bubbly US holiday sales

Early data on the 2019 holiday shopping season released Thursday suggest Santa Claus was a bit more generous this year as he shifted more into omnichannel mode.

Business

Still on top: Cyber Monday sales on track to hit record

Cyber Monday is still holding up as the biggest online shopping day of the year, even though many of the same deals have been available online for weeks and the name harks back to the days of dial-up modems.

Business

US online Black Friday sales hit record $7.4 bn

Online sales on Black Friday in the United States hit a record $7.4 billion this year, with a jump in the number of transactions made from smartphones, according to data released Saturday by Adobe Analytics.

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