CEO

Google supports OECD engagement on digital taxes, CEO Pichai says

NEW DELHI (Reuters) – Alphabet Inc’s (GOOGL.O) Google supports a multilateral solution for taxing digital services that is under discussion by the Organisation for Economic Cooperation and Development (OECD), its chief executive Sundar Pichai told Reuters in an interview.

FILE PHOTO: Sundar Pichai, Chief Executive Officer of Alphabet, looks on during a session of the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 22, 2020. REUTERS/Denis Balibouse

The OECD talks involve over 100 countries on a major rewrite of global tax rules to bring them up to date for the digital era, but they have so far not produced results as the negotiations have been complicated by the coronavirus pandemic.

The United States has already initiated investigations of digital services taxes adopted or being considered by countries such as France, India and Turkey, saying it discriminates against U.S. tech firms.

Pichai said it was important

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Panasonic CEO says Tesla’s Elon Musk a ‘genius’ who can be ‘overly optimistic’

FILE PHOTO: SpaceX owner and Tesla CEO Elon Musk arrives on the red carpet for the automobile awards “Das Goldene Lenkrad” (The golden steering wheel) given by a German newspaper in Berlin, Germany, November 12, 2019. REUTERS/Hannibal Hanschke/File Photo

TOKYO (Reuters) – Tesla’s Chief Executive Officer Elon Musk is “a genius who defies common sense and can be overly optimistic,” Panasonic’s (6752.T) CEO said on Tuesday, as the Japanese firm cautiously moves to expand a battery partnership with the U.S. carmaker.

“I believe only geniuses can hold onto big visions, and a genius I know is Elon Musk,” Kazuhiro Tsuga said at an event for young entrepreneurs.

The remarks on Musk come as Panasonic and Tesla Inc (TSLA.O) are in talks to expand their joint battery plant in Nevada after production troubles and delays at Tesla strained their partnership over the past few years.

With excessive

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Deutsche Bank CEO evaluating help for Wirecard Bank

FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions, is pictured at its headquarters in Aschheim, near Munich, Germany, July 1, 2020. REUTERS/Andreas Gebert/File Photo

FRANKFURT (Reuters) – Deutsche Bank’s chief executive said on Tuesday it was too early to say how it might help Wirecard Bank, the banking wing of collapsed payments firm Wirecard.

Germany’s largest bank said last week that it was working with financial watchdog BaFin and Wirecard’s administrator on possible support for Wirecard Bank.

While it was “too early to judge” how Deutsche Bank may be involved, CEO Christian Sewing said it was “almost an obligation” to look at Wirecard Bank for opportunities or to stabilise it given his company’s focus on transaction banking,

“We all now need transparency and that’s the first task,” Sewing told a webcast event organised by Bloomberg News.

Deutsche Bank

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Deutsche Bank still evaluating Wirecard Bank support: CEO

FILE PHOTO: The logo of Wirecard AG, an independent provider of outsourcing and white label solutions for electronic payment transactions, is pictured at its headquarters in Aschheim, near Munich, Germany, July 1, 2020. REUTERS/Andreas Gebert/File Photo

FRANKFURT (Reuters) – Deutsche Bank’s chief executive said on Tuesday it was premature to say how the lender might aid the banking unit of collapsed payments service provider Wirecard.

Germany’s largest bank said last week that it was working with financial watchdog BaFin and Wirecard’s insolvency administrator on possible support for Wirecard Bank.

On Tuesday, Deutsche Bank CEO Christian Sewing said it was “too early to judge” how the bank may step in.

“We all now need transparency and that’s the first task to be done,” Sewing said at a webcast event organised by Bloomberg News.

Sewing said that for Deutsche, with its focus on transaction banking, it was “almost an obligation” to look

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