France and the United States hammer out a draft agreement on French digital tax

U.S. tech giants such as Google, Amazon and Facebook routinely generate huge profits from digital services in countries but route the profits through low-tax countries, such as Ireland and Luxembourg, in order to lower their tax profile in the country from which they had generated their revenues. France’s proposal to rectify this anomaly had unnerved…

French carmaker enters into a joint venture with China’s Jiangling Motors Corporation Group

Renault move is aimed at tapping China’s growing electric vehicles market. In a deal which sees French carmaker Renault taking a 50% stake, the carmaker has formed a joint venture partnership with China’s Jiangling Motors Corporation Group (JMCG) to target the Chinese electric vehicles (EV) market. In a statement Renault said, it would increase its…

Next-gen fighter jet and drone will have to competitively priced: French defense minister Florence Parly

France and Germany are spearheading the development of the 5th generation fighter jets, as well as a range of associated weapons, which will include weaponized drones. French defense minister Florence Parly highlighted the need to make the next-generation drone being developed by several European nations price competitive. France and Germany are spearheading the development of…

Google faces privacy woes stemming from data handling for its online ad business

Google online ad business faces strong risks of non-compliance to EU’s GDPR. In a development that marks a heightening of Google’s privacy woes, privacy campaigners have filed complaints to data protection regulators in France, Germany and seven other EU countries over the way Google handles data in its online advertising business. Last month, complaints filed…