SoftBank “not a good owner” for ARM laments Lord Myners as shareholders wave the deal through August 30, 2016 All systems go! Shareholders of tech giant ARM Holdings have approved the £24bn SoftBank takeover – clearing its last hurdle ahead of the deal being completed on Monday. The deal was waved through by 95 per cent of investors this afternoon, the Cambridge-based company said in a regulatory filing. Not all are happy about the deal however. [...]
Here’s what Apple has to say about that €13bn tax ruling August 30, 2016 Apple has responded to the conclusion of a European probe into its tax arrangements that has resulted in a tax bill for the tech company of up to €13bn… and it isn't mincing its words. "The European Commission has launched an effort to rewrite Apple’s history in Europe, ignore Ireland’s tax laws and upend the international tax system [...]
Ireland “profoundly disagrees” with the EU’s Apple ruling August 30, 2016 Ireland's finance minister has said he "disagrees profoundly" with the verdict handed down from the EU in its Apple tax probe. Brussels has told Ireland to recover up to €13bn (£1.1bn) in back taxes from the tech giant for breaching rules on state aid. Michael Noonan said the country maintains that all tax due has [...]
Apple handed €13bn tax bill over “sweetheart” Irish deal by EU August 30, 2016 Brussels is forcing Apple to pay back billions of euros in taxes after the competition watchdog ruled the tech giant broke antitrust laws by agreeing a so-called sweetheart tax deal in Ireland. Apple has been handed a tax bill of up to €13bn (£11.1bn) by the European Competition Commission following a two year investigation into its arrangements in Ireland led by [...]
Four ways working will change over the next 20 years August 30, 2016 Robots, the generation gap and increased employee demands are just some of the factors expected to change the workforce over the next 20 years, according to new research. The Future of the Workforce, a report commissioned by UBS Wealth Management, sets out the four main ways in which the workforce is "set to significantly change [...]
A Google executive has quit Uber’s board August 30, 2016 An executive with Google has left the board of billion-dollar startup Uber as both companies pursue the development of driverless car technologies. David Drummond, the vice president of corporate development at Google's parent company Alphabet left the Uber board in the last few weeks, the Wall Street Journal reports, due to a growing conflict of interest. [...]
Amazon gears up for launch of new music streaming service August 29, 2016 Amazon could be set to launch its music streaming service as soon as next month. Amazon is thought to be locked in talks with the world’s largest record labels since the news of its coming service was first reported earlier this month. The negotiations are now nearing their end, the Financial Times reports. Read more: Amazon's creating [...]
Apple’s big event is happening on 7 September for expected iPhone 7 launch August 29, 2016 It's here! Apple has set the date for the much anticipated event where it's expected to launch its latest device – the iPhone 7. An invitation for the event was sent out on Monday afternoon saying "See you on the 7th". The event will be held at 10am pacific time – 6pm in the UK – in [...]
Mark Zuckerberg insists Facebook is not a media company August 29, 2016 Facebook is a technology company, not a media company, despite a move towards live video, working closely with traditional publishers and a recent furore over trending topics on the platform. Speaking at a live question and answer session in Italy, Mark Zuckerberg said Facebook is providing the tools for people to be able to share information but is not itself [...]
London restaurant app Velocity lands millions more pounds in funding August 29, 2016 A restaurant app founded in London which lets diners pay their bill with their phone has landed millions of pounds in new funding. With some of London's top eateries on board such as Hix, Sketch and Gymkhana, as well others in New York and Los Angeles among other cities, Velocity has bagged £17m in a series B round [...]