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Reuters

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Australia cracks down on alleged tax avoidance by OTTs

Australia cracks down on alleged tax avoidance by OTTs

Written by on May 12, 2015 in News with 0 Comments

SYDNEY (Reuters) – The Australian government on Monday announced a world-leading crackdown on alleged tax avoidance by 30 multinational companies in a move that could force the likes of Apple Inc and Microsoft Corp to restructure their businesses to escape huge penalties. “These companies are diverting profits earned in Australia away from Australia to no-tax […]

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EU, USA close to deal protecting personal data

EU, USA close to deal protecting personal data

Written by on May 11, 2015 in News with 0 Comments

BRUSSELS (Reuters) – The European Union and the United States are close to completing negotiations on a deal protecting personal data shared for law enforcement purposes such as terrorism investigations, three people familiar with the matter said. The two sides have been negotiating since 2011 over the so-called “umbrella agreement” that would protect personal data […]

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NSA sought German intelligence help to spy on Siemens

NSA sought German intelligence help to spy on Siemens

Written by on May 11, 2015 in News with 0 Comments

BERLIN (Reuters) – The U.S. National Security Agency (NSA) tried to spy on industrial group Siemens with the help of German intelligence, Bild am Sonntag reported, in another potentially embarrassing development for Chancellor Angela Merkel. Allegations that the domestic BND intelligence agency helped the NSA spy on European officials and firms have strained Germany’s ruling […]

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Tesco set to sell off mobile business unit

Written by on May 11, 2015 in Snippets with 0 Comments

(Reuters) – Tesco Plc is in talks with bankers to put its mobile business up for sale in an effort to divest non-core assets, the Financial Times reported, citing people familiar with the matter. Tesco Mobile could fetch “hundreds of millions of pounds”, although the value of the company will in part be the brand […]

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Research team to study use of bitcoin technology

Research team to study use of bitcoin technology

Written by on May 11, 2015 in News with 0 Comments

NEW YORK (Reuters) – USAA, a San Antonio, Texas-based financial institution serving current and former members of the military, is studying the underlying technology behind the digital currency bitcoin to help make its operations more efficient, a company executive said. Alex Marquez, managing director of corporate development at USAA, said in an interview this week […]

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Hutchison to sell one-third stake in UK mobile unit

Hutchison to sell one-third stake in UK mobile unit

Written by on May 8, 2015 in News with 0 Comments

HONG KONG (Reuters) – Hutchison Whampoa Ltd said it plans to sell a one-third stake in its British mobile phone business for $4.3 billion (3 billion pounds) to five investors – a move that will help the Hong Kong ports-to-telecoms group fund its boldest bet in Europe yet. Hutchison, owned by billionaire Li Ka-shing, agreed […]

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Microsoft now has no plans to pursue Salesforce say sources

Microsoft now has no plans to pursue Salesforce say sources

Written by on May 8, 2015 in News with 0 Comments

(Reuters) – Microsoft Corp currently is not weighing an offer for Salesforce.com Inc, two people familiar with the matter said on Thursday, dampening speculation that Microsoft could be drawn into bidding for the cloud software company. Bloomberg News, citing people with knowledge of the matter, reported earlier this week that Microsoft was evaluating a bid […]

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EU unveils digital shake-up aiming to break grip of US firms

EU unveils digital shake-up aiming to break grip of US firms

Written by on May 7, 2015 in News with 0 Comments

BRUSSELS (Reuters) – The EU unveiled plans to shake up rules for online services in the hope that breaking down borders can revive the bloc’s economy, but risks accusations of trying to throw up new barriers to the U.S. firms that dominate its market. With some fanfare, the European Commission presented a range of broad […]

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Neurotechnology patents to get inside people’s heads soar

Neurotechnology patents to get inside people’s heads soar

Written by on May 7, 2015 in News with 0 Comments

NEW YORK (Reuters) – From ways to eavesdrop on brains and learn what advertisements excite consumers, to devices that alleviate depression, the number of U.S. patents awarded for “neurotechnology” has soared since 2010, according to an analysis released on Wednesday. Most surprising, concluded market-research firm SharpBrains, is that patents have been awarded to inventors well […]

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TripAdvisor revenue heads north due to click-based advertising

TripAdvisor revenue heads north due to click-based advertising

Written by on May 7, 2015 in News with 0 Comments

(Reuters) – Travel review website operator TripAdvisor Inc reported a 29.2 percent rise in quarterly revenue as it earned more from click-based advertising and display ads. Shares of the company, which owns websites such as tripadvisor.com and oyster.com, rose about 5.8 percent to $81.30 in extended trading on Wednesday. Revenue from click-based advertising rose 20 […]

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