Apple today reached an agreement with the European Union to begin depositing the €13 billion ($15.4 billion) in back taxes it was ordered to pay Ireland last year, following the landmark decision to crackdown on tax shelter policies and profit offshoring, according to The Wall Street Journal. Despite the ruling having been issued more than […]
Read moreThe Greek government believes a deal with international creditors on its current debt pile is just around the corner, potentially paving the way for the embattled euro zone economy to finally stand on its own. “I think we will achieve a very, very good result very soon,” Dimitris Tzanakopoulo, the Greek minister of state who […]
Read morePortuguese Finance Minister Mario Centeno has won the race to be the next voice of the 19-country eurozone, a victory that marks a move away from the austerity mantra that has marked the recent crisis-ridden years in the single currency bloc. Centeno, the overwhelming favorite, came out on top after two rounds of voting among […]
Read moreUber’s request to appeal a workers’ rights decision to the UK Supreme Court was rejected, according to drivers’ union Independent Workers Union of Great Britain (IWGB). The decision would mean that the Court of Appeal will have to hear the case first. Two weeks ago, the ride-hailing app submitted a request to appeal directly to […]
Read moreSilicon Valley, facing a crisis of the soul, has found a retreat center. It has been a hard year for the tech industry. Prominent figures like Sean Parker and Justin Rosenstein, horrified by what technology has become, have begun to publicly denounce companies like Facebook that made them rich. And so Silicon Valley has come […]
Read moreEver since the start of Brexit negotiations, diplomats and political leaders across the European continent have repeatedly insisted that the 27 surviving members must remain united behind EU Brexit negotiator Michel Barnier and his colleagues whenever they sit down across the table from the U.K’s team led by David Davis. That unity has been never […]
Read moreCurrency, United States Finance
European shares point to a weak open as Brexit news, data take spotlight
European markets are expected to open on a relatively flat note on Tuesday, as investors get to grips with the latest news surrounding Brexit talks, while gearing up for fresh economic data. On the bourses front, the U.K.’s f is expected to open 2 points down at 7,335, while the German DAX is set to […]
Read moreAmazon.com’s Australian arm took its first orders on Tuesday, ending the suspense over its opening date and sending retail stocks higher amid complaints of limited product range and uncompetitive prices on the U.S. e-commerce platform. The cool reception suggests the $550 billion newcomer will need to trim its margins and ramp up stock selection in […]
Read moreGeneral Motors believes it has a new and easier way to order coffee, make reservations or shop while you are driving. The automaker has launched GM Marketplace, which allows roughly 2 million owners of GM vehicles to press a button or two in order to order food or coffee they can pick up minutes later […]
Read moreAlphabet’s YouTube said Monday it plans to add more people next year to review and remove violent or extremist content on the video platform. YouTube is taking stern actions to protect its users against inappropriate content with stricter policies and larger enforcement teams, YouTube CEO Susan Wojcicki said in a blog post. “We are also […]
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