France, U.S. agree to extend talks over tech tax

Business Jan 22, 2020

France, U.S. agree to extend talks over tech tax

by Jérôme Rivet

Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on tech titans to the end of the year, postponing Washington's threat of sanctions, French officials said Tuesday. French Finance Minister Bruno Le Maire, speaking before a ...

Tesla once again most shorted American stock

Business Jan 16, 2020

Tesla once again most shorted American stock

by Elena Popina

Tesla Inc. bears won't let anyone steal the title for the most-shorted stock. Not even Apple Inc. A parabolic spike in shares of the electric carmaker hasn't stopped short sellers from betting the stock will go down. They drove the total dollar amount of shares ...

Encryption battle reignited as U.S. at loggerheads with Apple

Business / Tech Jan 15, 2020

Encryption battle reignited as U.S. at loggerheads with Apple

Apple Inc. and the U.S. government are at loggerheads for the second time in four years over the unlocking of iPhones connected to a mass shooting, reviving debate over law enforcement access to encrypted devices. Attorney General Bill Barr claimed Monday that Apple failed to ...

Amazon to ramp up counterfeit reporting to law enforcement

Business Jan 14, 2020

Amazon to ramp up counterfeit reporting to law enforcement

Amazon.com Inc is planning to give more data on counterfeit goods to law enforcement in a further crackdown on fakes listed on its e-commerce sites, a person familiar with the program told Reuters. The move comes as Amazon faces public scrutiny over how it polices ...

Aramco's 'greenshoe option' pushes IPO to record $29.4 billion

Business Jan 13, 2020

Aramco's 'greenshoe option' pushes IPO to record $29.4 billion

Saudi Arabian oil giant Aramco announced Sunday that its initial public offering raised a record $29.4 billion, a figure higher than previously announced, after the company used a "greenshoe option" to sell millions more shares to meet investor demand. The company said that the sale ...

Japan Display considers selling key plant to Apple and Sharp

Business Dec 27, 2019

Japan Display considers selling key plant to Apple and Sharp

Japan Display Inc. is considering selling a major plant in central Japan to Apple Inc. and Sharp Corp. in an apparent bid to improve its balance sheet, sources close to the matter said Friday. The struggling display-maker, also known as JDI, closed the plant in ...

Popular UAE chat app ToTok a government spy tool, report says

Business / Tech Dec 24, 2019

Popular UAE chat app ToTok a government spy tool, report says

A chat app that quickly became popular in the United Arab Emirates for communicating with friends and family is actually a spying tool used by the government to track its users, according to a newspaper report. The government uses ToTok to track conversations, locations, images ...