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Recode says Info About Massive Data Breach to be Provided by Yahoo

Technology news site Recode reported on Thursday, citing unnamed sources familiar with Yahoo’s plans that the tech company this week will disclose a data breach that compromised the details of several hundred million users.   Yahoo plans to sell its email service and other core internet...

New Chip Fit for Driverless Cars Launched by U.K.’s Chip Designer ARM

With aim of securing its place at the heart of the burgeoning driverless vehicles industry, a new processor chip that is aimed to be used for driverless cars, was launched on Tuesday by  ARM, the British chip designer that is powering the global mobile phone industry with its chips.  ...

Indonesian Government Officials Claim Google may Face Over $400 Million in Tax Bill for 2015

If Alphabet Inc's Google is found to have avoided payments, the search giant could face a bill of more than $400 million for 2015 alone in Indonesia as the government there plans to pursue the company for five years of back taxes, reports Reuters citing a senior tax official.   Its...

$14 Billion Demand from U.S. Authorities to be Fought by Deutsche Bank

The $14 billion bill demand, a shock bill that raises questions about the future of Germany's largest lender would be fought by Deutsche Bank, the bank said. The demand for the fine was made  from the U.S. Department of Justice to settle claims the bank missold mortgage-backed securities....

Asia gives iPhone 7 Subdued Welcome Even as Fans Cheer

Brandishing their purchases, flanked by applauding sales staff, the first customers worldwide to snap the new iPhone 7 off the shelves, cheered as they left stores as Apple Inc fans from Sydney to Shanghai joined in the fanfare.   However the crowds of enthusiasts and overnight campers were...

Possible Unpaid Taxes Puts Google on the Tax Investigation Radar in Indonesia

Quoting a senior finance ministry official of Indonesia on Thursday, media reports indicated that for suspected unpaid taxes from billions of dollars worth of advertising revenue, Indonesia's tax office will investigate Alphabet Inc's Google.   Suspicions were raised about Google after the...

Initial Quantities of iPhone 7 Plus Sold Out, Says Apple

As Apple Inc prepares to roll out its new gadget in stores, initial quantities of the iPhone 7 Plus have sold out globally, the company said Wednesday.   While the smaller iPhone 7 has also sold out in the new jet black color, the company said that supplies of the larger size of Apple's new...

Reuters say Main Battery Supplier for Samsung's Galaxy Note 7 would be China’s ATL

The main supplier of batteries for Samsung Electronics Co Ltd's Galaxy Note 7 phones would be China's Amperex Technology Limited (ATL), reported Reuters quoting a person with knowledge of the plans.   After Samsung told customers to switch off and return their new Galaxy Note 7 smartphones...

Christmas Shoppers and Postage Likely to be hit by Hanjin Shipping's Collapse

Among the likely victims of the collapse of South Korean container shipper Hanjin Shipping were Christmas shoppers and Korean correspondents.   Industry data provider Alphaliner placed Hanjin at the seventh largest globally, with 98 ships and a 2.9 percent market share and hence the...

Apple Could Cut Bill, EU's Vestager says as she Warns Others

Competition Commissioner Margrethe Vestager warned that other multinationals shift profits via the country to tax havens even though do not employ as extreme Irish tax schemes as Apple Inc could also be breaching EU rules.   On Tuesday, a record 13-billion-euro bill for Irish registered...

Dramatic Retaliation in EU Apple Case can be Allowed by US Tax Code

If the Obama administration chooses to dramatically escalate a dispute with the European Union over Apple's tax bill, it would be able to do so due to U.S. tax law that it power to double tax rates for European companies.   Experts said that courts might strike down that action because of...

Battery Fire Problems in Galaxy Note7 Deals a Blow to Samsung’s Mobile Recovery

Samsung Electronics Co Ltd was forced to delay shipments of Galaxy Note 7 smartphones after reports of exploding batteries which resulted in knocking off of $7 billion of its market value and jeopardizing the planned recovery of its mobile business.   The company told the media on Wednesday...
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