As the European Commission finally decides on tax arrangements between the company and the Dublin government this week, Apple and Ireland is expected to face the ire of the body. Apple could be made liable for billions of euros in… Read More ›
Regulations & Legal
Google and Facebook could have to Pay Publishers Under New EU Proposals
Under the proposed European rules that are designed to shore up the collapsing revenues of traditional media companies, news publishers would have stronger rights to demand payment from digital giants such as Google and Facebook in exchange for using their content…. Read More ›
U.K. Lawmakers say Facebook, Twitter, YouTube are ‘Recruiting Platforms’ for Terrorists
In a report released on Thursday, U.K. lawmakers alleged of “consciously failing” to stop their sites from being used to promote terrorism and recruit extremists on the part of social media firms including Facebook, Twitter and YouTube. Urging the technology giants… Read More ›
Elon Musk purchases more than half of SolarCity’s bond offerings
Musk’s two cousin who are on SolarCity’s board have also acquired $17.5 million each of SolarCity’s $124 million bond offering. According to a filing made by Tesla Motors, Elon Musk, its CEO, is said to be purchased bonds worth $65… Read More ›
Most of VW’s German operations come to a grinding halt due to a shortage of parts
With VW cancelling a contract, its two suppliers CarTrim and ES Automobilguss had to suffer heavy losses running into tens of millions. They are wanting to be compensated for the same. If VW were to allow these losses to be… Read More ›
Germany’s exports to Iran touches new high in first 6 months of 2016
A surge in domestic demands and Iran’s appetite for German goods are likely to fuel further growth in Germany’s economy. After the removal of international sanctions against the Iran, Germany’s exports of equipment and machineries to the Islamic Republic has… Read More ›
Pfizer’s homes in on Medivation with a deal of $14 billion
Pfizer’s zeroes in on Medivation with its offer of a little more than $80 per share. According to sources familiar with the matter at hand, Pfizer Inc. is said to be in advanced talks with Medivation Inc. so as to… Read More ›
ChemChina close to clearing CFIUS hurdle: sources
Given China’s profile, especially in the security context, it wouldn’t be surprising if it does not pass the CFIUS review. The fog of war could be lifted sometime next week, when the outcome of the review process is announced by… Read More ›
FDIC settles WaMu disputes with JP Morgan
JP Morgan Chase & Co is set to receive $645 million out of this settlement. JPMorgan Chase & Co has disclosed that it is set to receive $645 million arising out of a settlement from a litigation with Deutsche Bank… Read More ›
Alphabet, Apple, AT&T, Verizon and others are collaborating with the govt to crack down on robocalls
Robocalls are typically used by scam artists and telemarketers. Described as a scourge by many, a taskforce has now been created to deal with this menace. In a move designed to crack down on “robocalls”, more than 30 large communication… Read More ›
