In a significant development, the European Union government and parliament negotiators have reached a landmark deal which defines rules to force large multinational companies to disclose the quantum of revenue they generate in the country and pay tax accordingly in the 27-nation bloc. The new law, which was proposed by the European Commission in 2016,…
In a statement, Dassault Aviation’s CEO said, the company expects to deliver the first Falcon 6X business jet towards the end of 2022. It will also make an announcement on Future Falcon in the coming “months or even weeks”. The Future Falcon line is Dassault Aviation’s initiative to refresh its civil line-up. Eric Trappier, Dassault…
In a statement on Thursday, Britain’s IG said, it plans to acquire tastytrade, a U.S. trading platform, for $1 billion. The development will see IG venturing into North America following a stellar year for the new breed of retail investment brokerages. The Coronavirus induced COVID-19 pandemic which brought lockdown in most countries increased market volatility…
On Wednesday, Bloomberg reported that Nissan Motor Co plans on undertaking an annual $2.8 billion fixed costs restructuring as it braces for a drop in sales, which could complicate its recovery from years of poor profitability. Following 3 years of poor profits, Nissan is set to announce its restructuring plan on May 28. It is…
Although Intel’s server chips will be launched next year, industry experts opine that machine learning features along with better memory management techniques could provide Intel the edge. Having said that, competition in the server chip space is always good since it lowers cost and improves efficiency. On Thursday, Advanced Micro Devices Inc stated, following the…
Lyft’s IPO is on track to be the biggest U.S. technology IPO since Snap Inc’s in 2017. In a significant development, Lyft Inc has kicked off its investor road show ahead of its initial public offering and is chasing a valuation of up to $23 billion as it woos money managers ahead of rival Uber…
Apple has once again slashed production plans for its brand new iPhone XS, XS Max and the XR models. The holiday shopping season in the U.S. is crucial to boosting third quarter sales. As per a report from the Wall Street Journal, Apple Inc has cut production for all three iPhone models that were launched…
The development piles up more investor pressure on Xiaomi’s stock, which is already down by 30% since its July 2018 IPO. On Tuesday, Chinese authorities disclosed, smartphone maker Xioami Corp had committed accounting errors. With the news reaching the market, Xioami’s Hong Kong-listed shares turned south midst a wider sell-off of China tech stocks. In…
Britain intends to updates its tax laws in line with unitary taxation so as to make tech giants pay their dues and plug tax loopholes. In a significant development, Britain’s finance mister Philip Hammond stated, Britain will unilaterally implement a digital service tax if there is no wider international agreement soon on how to tax…
Areas of convergence that have been identified by the trio include engineering, manufacturing, purchasing and supply chains. On Thursday, the Renault-Nissan-Mitsubishi alliance stated it would boost the speed of convergence of technologies between the trio as they collaborate on key areas as part of a bigger, broader strategy to boost profits and lower costs. The…
business-gurus.com 