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The European Commission plans to slam Amazon today with overdue tax bills “worth several hundred mn EUR,” according to the Financial Times (paywall). The move follows a nearly three-year long investigation alleging “that the US online retailer benefited from a sweetheart tax deal that granted it almost a decade of illegal state support from Luxembourg, […]
Author Archives: enterpriseam admin
Posted inSpeed Round
Janet Yellen explains AIG deregulation
Fed Chair Janet Yellen defended her position in voting to release AIG from its status as a company “too big to fail,” saying that the insurer is a changed business from the one that needed a USD 185 bn taxpayer bailout,according to the FT (paywall). Yellen said that while AIG needed the regulation after the […]
Posted inUncategorized
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Posted inImage of the Day
Finally, a themed restaurant we can get behind
Finally, a themed restaurant we can get behind: Zeit Zeitoun in East Cairo brings the joy of Syrian home-cooking in a way very few Syrian cuisine joints could. The restaurant employs eleven Syrian widows and divorcees who have fled the ongoing civil war there, Al Monitor reports. “Meals are prepared in the early morning to […]
Posted inEGYPT IN THE NEWS
Pickups of the Egypt’s denial of purchasing weapons from N. Korea tops coverage
Pickups of Egypt’s denial that it purchased weapons from North Korea topped coverage of the country in the foreign press this morning. Al Jazeera’s Farah Najjar writes that the allegations and concerns over human rights would not really cause the US to halt aid to Egypt.
Posted inEGYPT IN THE NEWS
“Crackdown” on LGBTQ community still making headlines internationally
The aftermath of the rainbow flag raising at a concert in Cairo is still making news internationally. Egypt is launching the “largest crackdown” on the LGBTQ community in more than a decade, Bethan McKernan writes for The Independent. “The clampdown is the most severe state attack on LGBTQ rights since 2001, when police arrested 52 […]
Posted inEGYPT IN THE NEWS
A victory for potential presidential candidates would just be to get on the ballot
Controversial university professor Mona Prince says she is running for President and that her bid aims to “[break] the image of the president as an all-knowing, god-like type,” Ruth Michaelson writes for The Guardian. Michaelson notes that candidates, potentially including Anwar El Sadat, are not aiming for victory, and that simply being on the ballot […]
Posted inEGYPT IN THE NEWS
Other international coverage
Also worth a skim this morning: Egypt is still lobbying the African Union to back Moushira Khattab in her bid to become the Director General of UNESCO, Vanguard reports. Franciscan friars in Egypt have begun celebrations for the 800th anniversary of St. Francis's visit to Egypt in 1219, ANSAmed reports. Two dozen Nubians face court […]
Posted inOn Deadline
MPs must be held accountable for their performance, particularly with key legislation coming up on their agenda
The House of Representatives must be monitored more closely and held accountable for its actions, particularly as it readies itself to discuss several critical pieces of legislation during its third session, Ziad Bahaa El Din writes for Al Shorouk. Bahaa El Din notes that people’s expectations from the House are rather low as a result […]
Posted inWorth reading
Should fake news be controlled?
Should governments take steps to control the flow of fake news? If history has taught us anything, it’s that we probably shouldn’t, Flemming Rose and Jacob Mchangama argue for the Washington Post. With calls around the world for punitive measures against outlets that proliferate fake news, prior attempts to control the flow of news and […]