Frances’s 5G spectrum is slated to be sold with a base price of $2.4 billion (2.17 billion euros) – an amount that is significantly more than the figure that was previously recommended by the country’s telecoms regulator Arcep. Earlier last week, wary of heavy investments that will be required for deploying 5G technology, Arcep’s president…
On Wednesday, Japan’s fashion group Fast Retailing Co Ltd stated, it has partnered with two robotics startups to help improve efficiency in its warehousing and distribution strategy. Fast Retailing, the owner of clothing chain Uniqlo and also Asia’s biggest fashion retailer by sales said, it plans on investing $916.59 million (100 billion yen) to increase…
Italy plans on levying a 3% tax on all internet transactions from 2020. In a significant development of widespread ramifications, the Italian government has approved a new tax on digital companies, including U.S. tech giants, as part of its 2020 draft budget. The move could potentially draw threats of retaliation from the United States. The…
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…
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…
FCA plans on launching the 500 BEV first in European markets. Production will commence in the second quarter of 2020. With Fiat Chrysler moving on following its failed bid to merge with France’s Renault, the carmaker announced it plans on investing $788 million (700 million euros) to create an electric makeover of its iconic Fiat…
In a world first, France is set to emerge as a clear frontrunner in the quest to regulate online hate speech and fake news. In a significant development that marks changes in Facebook’s behavior, the social media giant has agreed to hand over the identification data of French users suspected of hate speech on its…
France will allow Huawei to bid for building its 5G network. In a significant development, French Finance Minister Bruno Le Maire disclosed, France will not rule out specific operators for establishing its 5G telecoms network and that participation of the players will be based on security and performance of networks. The comments come in the…
The development coincides with Chinese President Xi Jinping visit to Europe. On Tuesday, following the news that European planemaker Airbus SE won a deal worth tens of billions of dollars, shares of the planemaker rose by 1.9% in early trading session. Airbus has secured a deal to sell 300 aircraft to China. According to French…
The EU is likely to have a EU-wide tax on global digital companies by the end of March 2019. In a statement, Apple Inc’s French division stated, it had reached a deal with France to pay an undeclared amount of back-dated taxes, which according to French media estimate is at around $571 million (500 million…
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