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 measures proposed by the European Commission includes, blocking laws that ban EU firms to comply with U.S. sanctions law, not recognizing court ruling that enforce American penalties, start the legal process of working with Iran’s central bank and allowing EU banks to fund the projects of EU companies in Iran. On Friday, the European…
The move is aimed at maintaining the chinks in the well-oiled, tried and tested global automobile supply chain. U.S. demands for changes in NAFTA could significantly impact automakers and autospare makers. On Friday, an association of Japanese automakers stated, it hoped Japan’s export partners would stick to existing free trade relationships and keep tariffs on…
By 2025, China aims to displace U.S. dominance in the artificial intelligence industry. On Thursday, China’s news agency Xinhua stated, Tianjin plans on setting up funds worth $16 billion (100 billion yuan) to support the artificial intelligence industry. By 2025, China wants to become the world leader in artificial intelligence and displace the United States…
