Snapchat decides to set its operations base in UK despite Brexit
The Dollar Business Bureau Snap Inc, previously known as Snapchat, is going to set up its international headquarter in the UK, a decision which is seen as a vote of confidence for the Britain following the Brexit. The UK will become the main hub outside the US for the California-based technology company. Snap Inc said that it selected the UK because of the country’s strong creative companies. This is a surprise move from that of the US tech firms that have been favouring low-tax destinations like Luxembourg for Amazon or Apple and Facebook favouring Ireland. Claire Valoti, Snap’s General Manager in UK, said, “Our advertising clients are in the UK, where we have over 10 million daily Snapchatters, and where we have already started the hiring.” Although UK is still in the process to leave EU, ...
Industry experts caution India over Greece crisis
Sai Nikesh | The Dollar Business The ongoing economic crisis in Greece will have a negative impact on India and widening of the same would badly affect Indian economy on a larger scale, according to industry experts. “Being part of the global economy and as a nation heavily depending on foreign support, India will need to face consequences of economic actions, crises and bad financial sentiments across the world,” said B C Bhartia, president, Confederation of Indian Traders (CAIT), speaking to The Dollar Business. He went on to say that ongoing crisis may lead to outflow of capital from India and foreign investors taking back their investments or hesitating for future investment in the country. This will have a negative impact ...
