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Investro Tea: Week #21

Last week has been a turbulent one not only in the investment world, but mostly in the world of cryptocurrencies. Be that as it may, you have probably read about the plunge of the cryptocurrency market already, so let’s now take a look at other important events that you may have missed.

G7 and regulations

The intergovernmental organization of states with the greatest economic power, G7, is negotiating about proposing uniform, worldwide taxation of multinational internet corporations such as Alphabet or Facebook.

According to current discussions, the minimum level of taxation should be 15%, with the result of the negotiations being available as early as June. However, it must be said that G7 resolutions are not legally binding. You can read more about the meeting on Reuters .

If you are interested in the G7 itself and its global impact, you can read about it on the European Union’s website. Link here .

flags of all G7 states Flags of all G7 states. Source: Flickr.com, Creative Commons

The question remains, how these large internet companies will react and whether will they start looking into outer space, following the example of other corporations.

Musk, Branson, Bezos and Space Tourism

Musk’s SpaceX is not the only private company with a space program. Billionaire Richard Branson has similar plans, and his company, Virgin Galactic, has successfully launched its own space shuttle called VSS Unity. The shuttle reached 89 km above the Earth’s surface and then successfully landed thus marking another step towards private space tourism programs.

"It was a beautifully elegant experience...Now, we have made a huge step in the right direction,” Sir Richard Branson

We must not forget that neither the owner of Amazon, Jeff Bezos, is being idle and wants to send his New Sheppard rocket into space on July 20.

IoT and the future

As we can see, the world is changing faster than it may seem. The Internet of Things is no longer just a crazy sci-fi idea, but a reality that we, the investors, should take into account. Take a look at the basic advantages and disadvantages of the Internet of Things concept in our article .

And if modern technology is not your cup of tea, and you consider yourself to be more of an investor-traditionalist, then be sure to read our detailed analysis of silver .

Jan is interested in business, technology and investment.

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