News highlights – 19 December

Written by on December 20, 2016 in News with 0 Comments

News highlights for 19 December

REUTERS/Lucy Nicholson

Apple appeals Irish tax deal, and the outcome is far from clear

BRUSSELS (Reuters) – Apple Inc. appealed on Monday against a $14-billion tax demand as the European Union issued details of its ruling that the iPhone maker won sweetheart tax deals from the Irish government which amounted to illegal subsidies. Read more…

Apple in talks with Indian Government to manufacture locally

MUMBAI (Reuters) – Apple Inc is in talks with India’s government to explore making products locally, the Wall Street Journal reported on Tuesday, as the U.S. firm aims to make deeper inroads in the world’s second-largest mobile phone market by users. Read more…

WhatsApp needs to tell EU what data it shares

EU privacy regulators have asked WhatsApp to explain its privacy policy better and whether it’s sharing any user data with parent company Facebook. Read more…

Uber loses more than $800 million in third quarter

(Reuters) – Privately held ride-hailing company Uber Technologies Inc lost more than $800 million in the third quarter, Bloomberg reported on Monday. Read more…

Advertising in the spotlight – WPP subpoenaed over video production practices

LONDON, Dec 19 (Reuters) – WPP, the world’s largest advertising agency, said on Monday that three of its subsidiaries had received subpoenas from the U.S. Department of Justice as part of an investigation into video production practices in the advertising industry. Read more…

First tranche of $50 billion Softbank investment goes to OneWeb

(Reuters) – SoftBank Group Corp has agreed to invest $1 billion in U.S. satellite venture OneWeb Ltd, marking the first tranche of a $50 billion U.S. investment the Japanese telecoms and technology company’s founder Masayoshi Son pledged to President-elect Donald Trump. Read more…

Blackberry eyes autonomous vehicle testing for new revenues

OTTAWA (Reuters) – Canada’s BlackBerry Ltd plans to invest C$100 million ($75 million) in a new autonomous vehicle testing hub over several years, the company’s chief executive said on Monday, as the fallen smartphone pioneer looks elsewhere for growth. Read more…

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