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The competition authority of France recently slapped a record 1.1 billion euro (equivalent to $1.2 billion) fine on US tech major Apple. The fine was imposed for the firm’s anti-competitive behaviour towards its independent retail distributors. The country’s authority announced that it found Apple prevented independent retailers in France from competing on price and allegedly used ..
Larry Tesler was a great computer researcher, who was famous for his innovations of short-cuts in computers including the commands of cut/copy & paste, find & replace etc. He started working in Silicon Valley in the early 1960s and was associated with several major technological firms including Xerox Palo Alto Research Center, Amazon and Yahoo. ..
The parent company of Google and its several subsidiaries, American multinational conglomerate- Alphabet Inc. has crossed the market valuation of USD 1 trillion mark on Thursday, 16th January 2020 as the shares of the company closed at USD 1,451.70 making Alphabet the fourth company from the United States to cross the valuation after Apple (first ..
The Chinese video app TikTok has been banned in India and is no longer available both on Google and Apple app stores after an order by a state court which has put a ban on its downloads. It is seen as a big setback for the developer Bytedance Technology’s attempts to get more users in ..
France has recently introduced a new “GAFA tax” – named after the large internet and technology companies viz. Google, Apple, Facebook and Amazon – to ensure the global giants pay a fair share of taxes on their massive businesses in Europe. The so-called GAFA tax targeting major digital firms comes into force on 1st January ..
Dutch Sandwich refers to a form of tax avoidance used by companies that have their operations across the world to minimise the amount of taxes that they pay on their profits. The technique involves the transfer of a company’s profits through a subsidiary in the Netherlands, where the tax on the transfer of corporate profits ..
In a first, an Indian-American woman, Savita Vaidhyanathan has been elected as the new Mayor of the key Californian city of Cupertino. She is an MBA and has previously worked as a high school Math teacher, an officer in a commercial bank and also in non-profit management. Cupertino is known worldwide for its Apple headquarters. According to ..
As per the ruling from Chicago federal court, US: Apple Inc. cannot pursue an injunction against Google’s Motorola Mobility unit. – The court dismissed the lawsuit b/w Apple and Motorola Mobility with prejudice, implying that it can’t be re-filed. Apple had hoped a decision against Motorola that would have helped it gain ascendancy in the ..