The first installment of the tax amount that was ordered by the European Commission (EC) to pay back to the Irish government on Apple was paid up by the U.S. company. The Commission had made the order based on allegations of violation of the State Aid rules of the European Union (EU). The company deposited…
Any attempt by U.S. President Donald Trump at blocking a proposed gas pipeline project between Russia and Germany would be resisted strongly, said the Russian President Vladimir Putin to German Chancellor Angela Merkel during their meeting on Friday. While Germany has severely protested the Russian annexation of Crimea four years ago and the two countries…
The biggest ever acquisition by PayPal was just completed by the company. PayPal announced on Thursday that a deal worth $2.2 billion has been struck by the payments company to take over a European startup – iZettle. This startup firm has business interests in the selling of mobile credit card readers and other forms of…
Alterations in policies of airlines about the manner in which lithium batteries can be taken on board planes has resulted in the closure in May of two smart luggage firms, and both the firms have laid this charge on airlines. Doing business had become almost impossible because of the alterations in the policies by several…
The online streaming service Netflix is set to launch 86 Netflix original films in 2018 according to media reports. That number is more than the combined number of films to be released by top four traditional studios and the previous record of Netflix of 61 films released last year. This aggressive measure is being taken…
Facebook pledged more transparency as it announced that it in the first three months of 2018, it has deleted over half a billion fake accounts and violent or obscene content that ran into millions, the company said on Tuesday. The herculean task that Facebook faces being the largest social media network in the world was…
Recent incidents of crash with Tesla electric cars and the departure of senior executives from the company together with the production problems has forced company CEO and founder Elon Musk to announce that the company was undergoing a “thorough reorganization” to tackle the problems. Musk reportedly told this to his employees. In an email to…
While multiple online platforms are trying to delete Islamic State online propaganda, the militant organization’s supports are using the Internet Archive to bypass those efforts according to a study. The extremist group used two hidden forums and the report examined hundreds of thousands of links that were posted there. In the last two years, both…
Foxconn Technology Group, a key iPhone assembler, reported less than expected January-March earnings primarily because of a small – 3%, enhancement in shipments of Apple’s smartphones in the aforesaid quarter. The Taiwanese company noted a 14.5% decrease in its net profits y-o-y at $809.8 million in the quarter. This was the lowest first quarter income…
The multibillion-dollar for the proposed takeover of Xerox by Japan’s Fujifilm is being stopped by the former, the company said. The proposed deal was bitterly opposed by activist investors Carl Icahn and Darwin Deason with whom the iconic US printer and copier company has made struck agreement, accounted the company in a statement on Sunday.…
