Organisation for Economic Cooperation and Development readies launch of global digital tax readies

France has accused the United States of trying to undermine international negotiations on updating the cross-border taxation regime; Paris has urged the EU to prepare for an EU tax as a fallback option if negotiations fails. Nearly 140 countries are negotiating the first major rewrite of the international tax framework to account for the rise…

China Reform Holdings attempting to seize control of British chip designer Imagination

In an exclusive news bulletin, Sky News has revealed that Imagination, which makes graphics processing units (GPUs) for customers including Samsung and Apple and is one of the UK’s most important technology companies, is scheduled to have an emergency board meeting next week in order to discuss the appointment of four representatives of China Reform…

Apple limits online purchases of iphones to 2 per person midst Wuhan coronavirus outbreak

A check on Apple’s website on Friday revealed, Cupertino is limiting customer purchases of iPhones over its online stores to two handsets per person. The measure is applicable to many countries including the United States and China. The development comes in the wake of the Apple closing all of its brick-and-mortar stores outside China, even…

Broadcom signs multi-year agreements with Apple Inc

Chipmaker Broadcom Inc stated, it has entered into two multi-year agreements with Apple Inc for supplying wireless components used in its products. The agreements, “2020 SOWs”, are in addition to existing ones for supplying radio frequency components and modules to Apple. Together the agreements are likely to generate around $15 billion in revenues for Broadcom.…

Amazon’s cloud business facing antitrust scrutiny from FTC

As per a Bloomberg report citing sources familiar with the matter at hand the U.S. Federal Trade Commission (FTC) has broadened its scrutiny of Amazon.com Inc beyond its retail operations and now includes its cloud-computing business as well. As per the report, U.S. antitrust enforcers have been asking software companies questions pertaining to Amazon Web…

Huawei increases domestic marketshare at the cost of its domestic rivals

Oppo, Vivo, Xiaomi and Apple, together, controlled 50% of the Chinese market. On Wednesday, according to market data released today, China’s Huawei Technologies has increased its footprint in its domestic smartphone market, with shipments rising by 66% in the third quarter. Although the Chinese smartphone market contracted by 3% in the third quarter in comparison…

Fitbit’s Versa 2 smartwatch is a serious competitor against Apple’s smartwatch

Fitbit’s latest feature packed Versa 2 beats the majority of its competitor on the battery life feature alone since it can last upto 5 days against Apple’s smartwatch 2 days. With Fitbit Inc launching the Versa 2, which features Amazon.com’s voice assistant Alexa, ability to make online payments and store music, its shares surged by…