Finance
EU Court Rules Against Apple, Orders 13 Billion Euro Tax Payment to Ireland
September 10, 2024 – The European Union’s highest court has recently ruled against Apple in a tax dispute case involving 13 billion euros, brought by the Irish government. In response to the verdict, Apple expressed disappointment, stating that EU regulators are attempting to retroactively change the rules. This dispute originated in August 2016, when the…
Cainiao Introduces ‘Two Euros Two-Day Delivery’ in Spain and Portugal, Supporting Local Chinese Merchants
September 09, 2024 – According to official news from Cainiao, the company has launched a two-day delivery economy logistics product for e-commerce packages covering the entire territory of Spain and Portugal. Cainiao explained that this offering encompasses end-to-end services from door-to-door pickup to final delivery in five major Spanish cities: Madrid, Barcelona, Valencia, Alicante, and…
Sony Lacks Adequate Original IPs, Says President Totoki
September 06, 2024 – Hiroki Totoki, the current President, Chief Operating Officer, Chief Financial Officer, and Chairman of SIE at Sony Group Corporation, has expressed concerns over the company’s lack of original IPs developed from scratch, which he believes puts them at a disadvantage compared to their competitors. In an interview with the Financial Times,…
Lenovo and Motorola Join Forces with F1: A New Era of Global Partnership
September 06, 2024 – Lenovo Group announced today that it has extended and upgraded its partnership with Formula 1 (F1) to the highest level. From early 2025, Lenovo will serve as both the Global Partner and Global Technology Partner of F1, while its subsidiary, Motorola, will become the Global Smartphone Partner of the racing giant….
Microsoft Hits Out at Apple’s ‘Unreasonable’ 30% App Store Fee, Claiming It Hinders iOS Profitability for Cloud Gaming
September 04, 2024 – The Competition and Markets Authority (CMA) in the UK has recently released responses received from various technology companies following its market investigation into the supply of mobile browsers and cloud gaming in the country. Among these responses, Microsoft has strongly criticized Apple for charging a 30% fee on in-app purchases made…
𝕏 TV Beta Now Available: Musk Takes a Step Forward in Realizing the ‘Super App’ Dream
September 03, 2024 – Elon Musk has recently announced the launch of the beta version of TV on his platform 𝕏. However, the service is currently limited to LG TVs (presumably running on webOS), Amazon Fire TV, and Google TV. According to Musk, the TV version of 𝕏 aims to deliver a more integrated experience,…
ByteDance Welcomes French Tycoon Xavier Niel to Its Board
September 02, 2024 – According to the official English website of TikTok’s parent company, ByteDance, Philippe Laffont, the founder of Coatue Management, has stepped down from the company’s board. Meanwhile, Xavier Niel, the French billionaire and founder of Iliad Telecom Group, has joined the ByteDance board. Xavier Niel, a French businessman with a strong presence…
Apple Stake Halved: Buffett’s Berkshire Hathaway Hits $1 Trillion Market Cap Milestone!
August 30, 2024 – Berkshire Hathaway, helmed by the legendary “Sage of Omaha,” Warren Buffett, has achieved a historic milestone by surpassing the colossal market valuation of $1 trillion for the first time, emerging as the pioneering non-tech US corporation to reach this pinnacle. This feat underscores the enduring strength and resilience of the conglomerate…
Yelp Sues Google for Antitrust Violations, Alleging Abuse of Local Search Dominance
August 29, 2024 – Yelp, the popular American consumer review platform, has filed an antitrust lawsuit against Google on Wednesday, accusing the tech giant of leveraging its dominant position to dominate the local search and advertising landscape. This legal action marks a significant escalation in Yelp’s long-standing grievances against Google’s search hegemony. In the complaint,…
GM Bolsters Software Team with Former Apple Exec Tim Twerdahl
August 28, 2024 – According to sources quoted by Bloomberg, General Motors’ software services division has hired a former Apple executive, Tim Twerdahl, who will take on the role of Vice President of Product Management. As General Motors continues to bolster the leadership team of its emerging software division, it seems to have a preference…