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The press service of the Council of the European Union reported that the new regulation, approved to improve control over cash, will make it possible to more effectively combat the financing of terrorism, money laundering and tax fraud. Back in June, the EU Council reached an agreement with the European Parliament on this issue. According to the new regulations, besides banknotes, cash, traveler's checks, prepaid bank cards and gold now belong to the concept of cash. The regulations also apply to postal orders and transportation of cash. At the request of the authorities, for control purposes, travelers will show the money that they carry in their luggage or car.
On Monday, the Australian Competition and Consumer Commission (ACCC) filed a case against Google (GOOGL) in federal court after allegations that the multinational technology company misled its consumers about the expanded use of their personal ...
The second quarter likely saw South Korea’s economy hitting its sharpest downturn in over two decades, a Reuters survey showed on Tuesday. This was mainly from the pandemic dragging the labor market, consumer spending, and global export ...
The euro hit a four-month peak against the dollar on Wednesday on hopes that the European Union would implement economic stimulus and deeper fiscal integration to support the economy amid the pandemic. The euro rose to $1.1423, its highest ...
Swiss pharmaceutical giant Novartis AG (NVS) has agreed to pay more than $729 Million to settle a lawsuit that accused the company of paying illegal kickbacks to doctors and patients to increase drug sales, the U.S. Department of Justice said ...
Great Britain’s economy was seen dropping at its most rapid pace in centuries. This was mainly from the disruptions brought by the virus crisis on demand. However, it has a high chance of recovering from inactivity next quarter as more ...
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