AUD News 

Amazon Geoblocks Australia From U.S. Site as Tax Change Kicks In

“SYDNEY (Reuters) – Amazon.com Inc said on Thursday it will force Australians to use its Australian website instead of its much larger U.S. site to avoid a new sales tax, setting the stage for a showdown with rival eBay Inc in the No. 12 economy” writes Byron Kaye for reuters.com. An eBay spokesman said the U.S. company was working on a way to collect the Australian tax from sellers around the world without cutting access for Australians. “eBay’s GST solution … allows imports to Australia to continue without any structural…

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News 

NO SUPPORT: Parents Devastated By The Death Of Their Baby Are Being Let Down By Employers

“Parents struggling to cope after the death of their baby are not receiving the support they need from their employers” writes unknown author for huffingtonpost.com. I then had to explain what had happened, causing me great upset.” Sands is now urging employers to get in touch for advice on how to support bereaved parents who want to return to work. Source: huffingtonpost.com Share This:

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Markets News Stocks 

Asia stocks sag as U.S. tariffs reignite trade war fears

“Fears of a global trade conflict, which had partially receded over the past few weeks, were rekindled as Washington’s allies took steps to retaliate against the U.S. measures” writes Midwest Communications Inc for 95kqds.com. Wall Street shares posted deep losses overnight after the United States said it would impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union.Prices swerved between $$74.49, a three-week low, to $78.75 this week on speculation towards output by major oil-producing nations.TOKYO (Reuters) – Asian equities sagged on Friday as worries about…

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News Oil 

U.S. crude oil little changed after losses, record output weighs

“U.S. crude production has been rising to record high levels since late last year” writes Midwest Communications Inc for 95kqds.com. SINGAPORE (Reuters) – U.S. crude oil steadied on Friday after deep losses in the previous session on pressure from all-time high U.S. production and expectations of higher OPEC output.Brent crude , which was little changed in the previous session, added 17 cents, or 0.2 percent, to $77.73 per barrel.U.S. West Texas Intermediate crude rose 2 cents to $67.06 a barrel by 0805 GMT after dropping almost 2 percent on Thursday. Source:…

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AUD News 

Amazon will require Australians to use its Australian site instead of its US site due to new 10% sales tax on imported goods effective July 1

“SYDNEY (Reuters) – Amazon.com Inc said on Thursday it will force Australians to use its Australian website instead of its much larger U.S. site to avoid a new sales tax, setting the stage for a showdown with rival eBay Inc in the No. 12 economy” writes Byron Kaye for reuters.com. An eBay spokesman said the U.S. company was working on a way to collect the Australian tax from sellers around the world without cutting access for Australians. “eBay’s GST solution … allows imports to Australia to continue without any structural…

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News 

It’s Too Early to Name GDPR Winners, But Google’s Looking Pretty Good

“But on the brighter side, for Google at least, are the early online ad returns, as described by The Wall Street Journal” reports pymnts.com. It kicked in last Friday, May 25, and promises to guide, influence and rule digital data practices, not only in the EU’s 28 member nations, but also the rest of world.According to The Wall Street Journal, Google is an early beneficiary of changes in online behavior so far.Another survey underscores how many businesses that do not enjoy Google’s cash reserves and expertise are facing risk in…

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Uber and Lyft may have to disclose Seattle data they claim secret, Supreme Court rules

“Researchers want to use the Uber and Lyft data to see if the companies are serving communities of color fairly” writes David Gutman for seattletimes.com. The Washington Supreme Court ruled that the government should disclose trade secrets unless doing so would cause substantial and irreparable harm.But after the companies submitted their data and the city compiled a report for the City Council, Uber and Lyft said the data was secret and threatened a lawsuit to block its release. Source: seattletimes.com Share This:

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