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Rising Trade Tensions Threaten Asia's Economic Growth And Global Supply Chains 11/19/2024

ECB Sounds Alarm On AI Stock Bubble: A Looming Threat To Financial Stability 11/21/2024

U.S. Telecom Hack Exposes Major Security Vulnerabilities In Global Telecom Infrastructure 11/22/2024

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Business & Finance

France demands that Apple pay € 400 million in taxes

The French tax administration demanded that French division of Apple return € 400 million to the state budget, writes L'Express magazine, citing informed sources. The watchdog found that the company has unlawfully used tax laws in France. This, according to the authorities, allowed Apple France to...

Wall Street Lenders could be Hit by New Plans for Bank Reform in Europe

The balance sheets of banks, that are already facing a challenging environment of low interest rates, could potentially come under pressure as the European Commission has unveiled a new set of proposals aimed at banks operating in the European Union (EU). The implementation of a caveat...

Sources say Tax Settlement with Indonesian Government to be done by Google: Reuters

Within the next few weeks, Alphabet Inc's Google is expected to reach a tax settlement with the Indonesian government, reports Reuters citing people familiar with the matter. One of the people, who declined to be named as the information was not public, reportedly told the international...

Airbnb Introduces Trips, While The Fight Against Present Rental Law Continues

Leaving behind most hotel companies, Airbnb now attempts to turn into a travel company. Airbnb’s attempt to convert the “booking service” facility into a “travel company” has resulted in the launch of a “new programme”, named Trips, whereby marking the biggest growth venture made by the company...

Probe Over Undeclared Accounts Faced by Credit Suisse

U.S. investigators want to know why the Swiss bank Credit Suisse AG neglected to tell them about $200 million in undeclared assets owned by an American client even after the bank had promised to help the U.S. root out suspicious accounts when it had pleaded guilty in 2014 to helping...

Tech Sector Defies Brexit Worries as IBM Invests in UK Data Centers

Since the time that the United Kingdom voted to get out of the European Union, this is the third occasion that a global IT company has announced its decision to increase ots presence in the country. Following the likes of Facebook and Google which have already announced further...

Volkswagen places a premium on e-mobility

German carmaker Volkswagen (VW) unveiled a new brand development strategy for a period until the end of 2025. The plan is designed to triple profitability of operations, and restore the market position, deteriorated as a result of "Dieselgate". The new strategy includes active development of...

Volkswagen’s New Aim Is To Increase The Brand’s Profitability Margin To Six Percent After 2025

Increasing the brand profitability at VW, would cost the company to a commitment, while the union would also allow a job cut of thirty thousand. The aim of Volkswagen is to increase its core brand’s profitability, as the same lags behind its “major rivals”, whereby the goal is to go above six...

List of Globally Systemic Banks Topped By Citi and JP Morgan

Replacing HSBC and denoting that the U.S. bank will have to hold extra capital from 2019 to help preserve financial stability, Citi has joined JPMorgan at the top of global regulators' list of systemically important banks. The top banks should hold extra capital, according to the level of...

Lockheed Martin to upgrade South Korea’s F-16 fighter aircrafts

A contract worth $1.2 billion has been awarded to Lockheed Martin Corp for upgrading South Korea’s F-16 fighter aircrafts. The Pentagon has reported that it has awarded a contract to Lockheed Martin Corp, a subsidiary Lockheed Martin Aeronautics Co., worth $1.2 billion to upgrade F-16 fighter...