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US-Japan tug of war keeps yen traders on their toes

Bloomberg A tug-of-war between Japanese and American traders has been keeping yen watchers busy in October, according to a pattern which has emerged in daily price moves for the currency several times this month. On those days, the yen has shown a tendency to strengthen during US trading hours, as stock market volatility sparks a flurry of haven bets, before ...

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UK targets tech giants with a digital services tax in 2020

Bloomberg Commonly seen as a tech-friendly hub, the UK is now targeting the likes of Alphabet Inc. and Facebook Inc. by introducing a digital services tax, joining the growing chorus against cash-rich tech giants. UK Chancellor of the Exchequer Philip Hammond unveiled the measure in his Autumn Budget in London. Aiming to raise 400 million pounds a year ($512 million) ...

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Britain’s gig economy faces biggest test as Uber heads to court

Bloomberg Just months after Uber Technologies Inc. persuaded a London judge to allow it to keep operating in the city, the ride-hailing company is back in court. At stake this time is an issue that could strike at the core of the UK’s burgeoning gig economy: whether Uber’s drivers are really self-employed. Two days of hearings kicks off at the ...

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