Foxconn Q1 profit hits record low in two decades

Source: Dukascopy Bank SA
Foxconn reported its Q1 profit dropped to its lowest level in two decades, after the coronavirus outbreak forced the Taiwanese company to halt its manufacturing operations based in China, knocking customer demand including Apple.
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Fri, 15 May 2020 19:49:20 GMT

Indonesia to introduce VAT on internet companies

Indonesia will require large internet firms to pay VAT on digital services and products sales starting from July, in a move that can be adopted by other countries as they seek boosting revenues after the coronavirus pandemic.

Fri, 15 May 2020 18:22:50 GMT

Facebook acquires Giphy to integrate into Instagram

Facebook is buying Giphy, the popular GIF website, for further integration into Instagram, the social media tech announced on Friday, not disclosing the financial details of the deal.

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