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G7 countries move closer to tax plan for US tech giants

Julie Jammot, Agence France-Presse
Updated as of Jun 11 01:52 PM

G7 countries that make up lucrative markets for US tech giants have moved closer to a plan to squeeze more tax money from the coffers of Amazon, Apple, Facebook and Google. Read more »

G7 global tax plan may hit corporate titans unevenly

Tom Bergin, Reuters
Posted at Jun 11 08:29 AM

An agreement by wealthy nations aimed at squeezing more tax out of large multinational companies could hit some firms hard while leaving others - including some of the most frequent targets of lawmakers’ ire - relatively unscathed, according to a Reuters analysis. Read more »

Facebook working on smartwatch that could link with its AR glasses

Agence France-Presse
Updated as of Jun 10 08:09 AM

Facebook confirmed it is working on a smartwatch that might one day connect with augmented reality glasses being developed by the leading social network. Read more »

Amazon may prove exception to global tax rules

Agence France-Presse
Updated as of Jun 09 11:03 AM

The Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it. Read more »

US Senate passes sweeping bill to address China tech rivalry

David Shepardson, Reuters
Posted at Jun 09 09:46 AM

The US Senate voted 68-32 on Tuesday to approve a sweeping package of legislation intended to boost the country's ability to compete with Chinese technology. Read more »

Asian markets lower on rate fears, G7 tech tax plan

Agence France-Presse
Posted at Jun 07 02:53 PM

Asian markets were mostly lower Monday as comments by US Treasury Secretary Janet Yellen stoked concerns over a hike in interest rates while investors also mulled the impact of the G7 global tax plan on tech giants. Read more »

'Zombie eye' inimbento para sa mga naglalakad nang nakatutok sa cellphone

ABS-CBN News
Posted at Jun 07 07:02 AM

Inimbento ng isang South Korean industrial engineer ang 'zombie eye' para sa mga taong hindi matigil na tumigngin sa kanilang smartphones kahit naglalakad. Read more »

EXPLAINER: What is a global minimum tax and what will it mean?

Leigh Thomas and David Lawder, Reuters
Posted at Jun 06 07:52 AM

Such a deal aims to end what US Treasury Secretary Janet Yellen has called a "30-year race to the bottom on corporate tax rates" as countries compete to lure multinationals.   Read more »

Biden order bans investment in dozens of Chinese defense, tech firms

Michael Martina and Karen Freifeld, Reuters
Updated as of Jun 04 07:52 AM

The move is part of Biden's broader series of steps to counter China, including reinforcing US alliances and pursuing large domestic investments to bolster American economic competitiveness. Read more »

UnionBank holds groundbreaking for Innovation Campus in Laguna

Warren De Guzman, ABS-CBN News
Posted at May 26 02:46 PM

UnionBank on Wednesday held the groundbreaking ceremony for its Innovation Campus in San Pedro, Laguna. Read more »

How the Mobile World Congress hopes to reboot conferences post COVID

Reuters
Posted at May 24 08:11 PM

Next month's Mobile World Congress (MWC) in Barcelona is shaping up as an early test of how quickly the global business events industry will bounce back from the pandemic, with a range of hi-tech solutions being rolled out to try to keep visitors saf Read more »

Goodbye Internet Explorer: Microsoft announces browser retirement

Agence France-Presse
Updated as of May 21 11:16 AM

Microsoft said it is retiring Internet Explorer, the browser it created more than 25 years ago and which is now largely abandoned as people instead use competitors like Google's Chrome or Apple's Safari. Read more »

Squarespace plunges on debut as US IPO market hits choppy waters

Niket Nishant and Anirban Sen, Reuters
Posted at May 20 08:50 AM

Squarespace Inc's valuation plunged by more than a third in its debut on the New York Stock Exchange on Wednesday, after shares of the website-hosting service fell 13 percent below their reference price amid a broader market sell-off. Read more »

Google teams with Samsung for wearables platform

Agence France-Presse
Updated as of May 19 08:22 AM

Google and Samsung said they were teaming up on a joint software platform for smartwatches and other wearables in a move ramping up competition with Apple.   Read more »

Toshiba's European business hit by cyberattack: source

Reuters
Posted at May 14 02:30 PM

Toshiba Corp's European business has been hit by a cyberattack, a source familiar with the situation said on Friday, with public broadcaster NHK identifying the perpetrators as DarkSide, the group the US FBI blamed for the Colonial Pipeline attack. Read more »

Stranger than ‘Inception’? Advances in brain tech spur push for ‘neuro-rights’

Alberto Peña, Agence France-Presse
Posted at May 06 05:58 AM

Technology envisioned by Christopher Nolan in his movie "Inception" — a story of a criminal gang invading people's dreams to steal valuable data — is likely not far off. Read more »

‘Better days ahead’: Apple profit doubles in quarter to $23.6 billion

Agence France-Presse
Posted at Apr 29 05:46 AM

The California giant said revenue was the best ever for its fiscal second quarter, up 54 percent to $89.6 billion.   Read more »

Google funding vaccines for 250,000 people in several countries, including PH

ABS-CBN News
Posted at Apr 28 04:52 PM

Google will fund the vaccination of 250,000 people in several countries, including the Philippines, the tech giant said on Wednesday.    Read more »

Taiwan says China waging economic warfare against tech sector

Reuters
Posted at Apr 28 02:29 PM

Taiwan's government on Wednesday accused China of waging economic warfare against the Chinese-claimed island's tech sector by stealing technology and enticing away engineers, as parliament considers strengthening legislation to prevent this. Read more »

Google sales top estimates on ad surge; Alphabet plans $50B buyback

Paresh Dave and Subrat Patnaik, Reuters
Posted at Apr 28 07:00 AM

The results are the first sign that Google services may hold on to gains in usage brought on by lockdowns and other pandemic restrictions. Read more »