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Central Bank of Iceland enters long-term services agreement with SkySparc 5 hours ago
Source: SkySparc SkySparc, an independent solutions provider, has entered into a multi-year partnership agreement with the Central Bank of Iceland covering use of outsourced support services and OmniFi, SkySparc’s proprietary data integration and workflow automation solution. Although the Central Bank of Iceland has used SkySparc’s services since 2018, the new agreement represents a formalization of the relationship. Under the agreement, SkySparc will provide structured ongoing support services to optimize use of the bank’s treasury management system at least up to 2025.
External | what does this mean?
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Blockchain-based savings community app crowned in Finastra’s Hack to the Future 4 hours ago Finastra has announced the winner of its recent hackathon - Hack to the Future 3. Launched to help build an unbiased fintech future, the event saw over 600 participants from more than 50 countries, including Antarctica. With many women-led and diverse teams of students, fintech enthusiasts, financial institution developers and fintech founders all joining the movement, the hackathon is a step towards positive change and redefining the future of finance.
By Reuters Staff
3 Min Read
BEIJING (Reuters) - China’s crude oil imports from top supplier Saudi Arabia rose 8.8% in March from a year earlier, driven by strong demand and as shipments delayed due to a port congestion finally arrived.
FILE PHOTO: Oil tankers are seen at a terminal of Sinopec Yaogang oil depot in Nantong, Jiangsu province, China June 11, 2019. Picture taken June 11, 2019. REUTERS/Stringer /File Photo
Imports from the United Arab Emirates also rose again, up 86%, as some Iranian barrels were believed to have slipped in.
Shipments from Saudi Arabia were 7.84 million tonnes, equivalent to 1.85 million barrels per day (bpd), data issued by China’s General Administration of Customs showed on Tuesday.
Tax evasion under exaggerated numbers of illicit trade
Islamabad
April 20, 2021
Islamabad : The multinational tobacco companies have been trying to evade millions of rupees in taxes under a pretext of exaggerated illicit trade of the product in the country, reveals a study.
The Center for Global and Strategic Studies [CGSS] has conducted a research study, Illicit Trade in Tobacco: A Dossier on Contributing Factors and its Global Implications, to expose the connection between the alleged illicit trade and tax evasion by the multinational tobacco companies.
The study said that the companies were using the illegal trade as a smokescreen to avoid taxation and implement international commitments. It is happening because the powerful and vested interest groups are using the excuse of illicit trade to avoid taxes.