Bloomberg Spain will seek to tax all companies that operate telecommunications services, such as calls and instant messaging, according to Telecommunications Secretary Roberto Sanchez. Under a new law proposed by the government, “all operators who provide telecommunication services without having to provide phone numbers, such as WhatsApp” and Telegram would have to register as telecommunications operators and would be taxed ...

Bloomberg Canadian household indebtedness improved in the first half of 2020 as government support kept incomes afloat amid the pandemic. Household credit market debt dropped to 158.2% of disposable income in the second quarter, from 175.4% previously, Statistics Canada said in Ottawa. That’s due to an 11% increase in household disposable income, while stock of credit market debt remained relatively ...

Bloomberg Insurers battered by coronavirus are about to find out how much worse the damage could get. A London court is set to rule on Tuesday in a case involving about 370,000 policyholders, companies including Zurich Insurance Group AG and Hiscox Ltd. and potentially billions of pounds of claims. The UK markets watchdog brought the case after small businesses struggled ...