The finance commission has moved to amend the 2019 budget bill to include the sales of crypto assets which will be taxed at 30% rather than the earlier 36.2%. France’s finance commission in its lower house of parliament has backed plans to lower tax on the sales of bitcoins, thus bringing it on par with…
This new service deepens Instacart’s relationship with existing partnerships including Germany’s Aldi. Groceries delivery startup Instacart stated it is in the process of launching a new service, Instacart Pickup, across the United States; the service will enable customers to order groceries and choose either delivery or store pickup options. The nation-wide rollout of the new…
If the deal comes through, it is likely to be announced sometime in December 2018. As reported by CNBC citing sources familiar with the matter at hand, American technology company Xilinx Inc has hired Barclays to advise on its bid to acquire Mellanox Technologies Ltd. Although a deal is not expected to fruition in the…
The development comes midst efforts by China to merge two of the nation’s top wireless carriers to speed up the development of 5G mobile services. 5G will play a strategic and significant role in the coming years. On Wednesday, Finland’s mobile telecom network maker Nokia stated, it has signed a $2.3 billion (2 billion euros)…
Political intelligence gathered from the databases of social media giants are the new tools for campaign strategists. In a first public view of how U.S. technology companies, including Google and Facebook, are yanking advertisements that break their online political ads rules. The duo also provided unprecedented insight into opponents’ online marketing, enabling them to capitalize…
The development is likely to make a significant dent in China’s ambition to become a global player in the semiconductor industry. The decision by the United States to cut off U.S. supplies to a Chinese chip-maker underscores growing tensions between the two countries over China’s ambition to become a global player in the computer chip…
Bank of America Merrill Lynch is said to be leading the deal according to sources. According to sources familiar with the matter at hand, Space Exploration Technologies Corp, also known as SpaceX, is looking to add $750 million in leveraged loans. Bank of America Merrill Lynch is leading the deal. A lenders presentation will be…
This second investment by Hyundai Motor Co in Grab underscores the strategic growing relations between the two firms and has long term implications. In a development that marks Hyundai Motor Co’s growing confidence on Uber, the carmaker has, once again, invested Singapore’s ride hailing firm Grab. Hyundai Motor Co’s investment of $250 million in Grab…
One of the largest gaming companies in the world owned by Tencent Holdings wants to react to the increasing government pressure and criticism on the issue of negative influence of prolonged exposure of children to video games and plans to make use of police data to identify minors and prevent them from spending long hours…
The lawsuit concerned the usage of 18 patents on Broadcom semiconductors which Volkswagen uses for navigation and entertainment system in some of its cars. According to a report from German magazine Der Spiegel, U.S. semiconductor maker Broadcom has filed a $1 billion patent claim against Volkswagen; it is also threatening to seek a judicial ban…
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