On June 25, Wirecard collapsed leaving a debt of $4 billion from creditors after revealing a widening gap in their financial statements which their auditor EY said to be the aftermath of complex global fraud. The payments firm filed for insolvency at the Munich court explaining that their $1.5 billion …

Last week, stocks closed sharply lower, as the weight of the ever-increasing coronavirus cases in half of the United States became too much for the optimistic investors to overlook. Florida and Texas— which had an early lockdown— are now the epicenters of America’s outbreak. Both states took additional measures to …

One of the heaviest words that you may possibly hear in your life is HYPERINFLATION. This word refers to a very simple breath that bears with an overwhelming amount of historical and trauma and significance. The fall of the first-ever American currency distributed by the Continental Congress as well the …

Companies, more specifically, the largest ones are becoming bigger and bigger. But startups are disappearing, brick-and-mortar shops are having a hard time financing only to make it to the following month, whereas the mid-size players are running in fumes. All of these add up to the sobering challenges for the …

Shares in the advertising giant fell by over 16% this week bringing the fall from an all-time high down to an almost staggering 60% The company released preliminary results for 2019 in a report released showing profit before tax has tumbled by 21.9% as an overall net profit figure is …

The United States Internal Revenue Service has implemented an effective taxation mechanism on all crypto assets. In essence, every time a person makes a purchase or an exchange using a digital currency, they are exposed to major taxations compared to people who use normal fiat currencies.   Many analysts have argued that this brutal tax regime has been one of the …