Facebook to invest more than $1 billion in its 1st data center in Singapore, Asia

The expansion comes midst increased demand for cloud and mobile computing and e-commerce from countries across Asia. On Thursday, Facebook disclosed it would sink in more than $1 billion in its first data center in Asia which will be located in Singapore. It is slated to open in 2022. Facebook’s data center will be located…

U.S. payment firm, Stripe, places its first engineering center in Dublin

Dublin’s tech-enabled talent pool, tax incentives, and international outlook are a major draw for global firms. On Monday, Stripe, a U.S. payments firm, disclosed it would place its first engineering center in Dublin. The placement marks its first center outside its home market and underscores its strategy of wanting to tap Ireland’s growing tech-enabled workforce.…

European Court of Justice to rule on privacy safeguards for EU citizen

Many large U.S. tech companies routinely transfer private EU citizen’s data without sufficient protection from U.S. mass surveillance. On Tuesday, in a case which has significant implication for many big companies, Ireland’s High Court stated it would ask EU’s top court to rule on the way in which internet companies, including Facebook, Apple and Google,…

The EU surges ahead in its bid to find a common tax base across its member states

With the world’s richest nations dragging their feet on ways to find a common solutions on how to tax digital companies, including Facebook and Google, the European Commission has surged ahead in a bid to block some of the world’s wealthiest companies to exploit existing tax regulations to their favor. On Tuesday, U.S. companies operating…

Ireland becomes the world’s first country to stop investment public funds in fossil fuels

The industry for alternative energy sources is only set to grow. In a big step towards green energy, Ireland has decided to slice out coal and oil from its energy footprint. The country’s parliament has passed a bill that stops the country’s investment in fossil fuels. The move has yet to become law since it…