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British Prime Minister Johnson will tell Bezos that Amazon.Com Inc must pay fair and reasonable taxes in the UK.
British Prime Minister Johnson said he would tell him at a meeting with Amazon.Com Inc chairman Jeff Bezos on Monday that Amazon.Com Inc must pay fair and reasonable taxes in the UK. Johnson said in an interview with reporters on his way to the United States that he would also tell Bezos that Amazon.Com Inc needed to solve the problem of working standards for his employees in the UK. He said he would also congratulate Bezos on his feats in afforestation. Johnson also talked about how Britain is seeking to ease tensions with France and the energy crisis caused by rising natural gas prices.
The largest cryptocurrency exchange in the United States has received a SEC warning: the cryptocurrency is not allowed to bear interest.
Coinbase, the largest cryptocurrency exchange in the US, said it had received a "Wells notice" from the Securities and Exchange Commission (SEC) warning that SEC would take enforcement action if it launched Lend products. The product, which has not yet been launched, will allow consumers to earn interest on cryptocurrencies they hold. Coinbase said it plans to delay the launch of Lend products until at least October. The company said it has been working with SEC for about six months and has been soliciting feedback on Lend products in recent months.
Fed Brad pushes to reduce the size of bond purchases: it will start to reduce its size this year.
James Bullard, president of the Federal Reserve Bank of St. Louis, said in an interview that despite weak U.S. job growth last month, the Fed should continue to scale back its massive stimulus response to the epidemic, according to the Financial Times. He disagreed with doubts about a faltering labour market recovery and reiterated his call for the Fed to start scaling back its bond-buying program. Brad says there is a high demand for workers and there are more job openings than unemployed workers. If the supply and demand of workers and employers can be balanced and the epidemic is brought under control, it will be possible to enter the labor market in 2022.
PayPal Holdings Inc announces a $2.7 billion acquisition of Japanese buy-and-pay startup Paidy
Us payments giant PayPal Holdings Inc announced on Wednesday that it would buy Japanese "buy and pay" start-up Paidy for 300 billion yen ($2.7 billion). PayPal Holdings Inc said the acquisition, which will be paid mainly in cash, is expected to be completed in the fourth quarter, with a very limited impact on its adjusted earnings per share in 2022. Japan is the third largest online shopping market in the world, but it is also one of the few developed markets that still use paper money as the main currency. PayPal Holdings Inc said nearly 3/4 of Japan's transactions are still paid in cash. As a result, "buy first and pay later" suppliers around the world