Recent Posts

Apple accuses EU of ‘political crap’ over €13bn fine

  AFP Apple chief Tim Cook on Thursday slammed a European Commission ruling demanding the US tech behemoth pay Ireland €13 billion in back-taxes as “political crap”, urging the Irish government to launch an appeal. “It’s total political crap,” Cook told the Irish Independent newspaper, of European Competition Commissioner Margrethe Vestager’s assertion that the company had paid a tax rate ...

Read More »

UK manufacturing rebounds to 10-month high in August

  London / AFP Britain’s manufacturing activity hit a 10-month high in August, rebounding strongly from a slump triggered by the country’s vote in favour of exiting the European Union, data showed Thursday. A slump in the pound caused by longer-term Brexit fears lifted export orders last month, according to the closely watched IHS Markit UK Manufacturing purchasing managers’ index. ...

Read More »

European Union clears Hutchison, VimpelCom mobile tie-up in Italy

  Brussels / AFP The European Union on Thursday cleared a mobile phone tie-up between Hong Kong’s Hutchison and Russia’s VimpelCom in Italy after they agreed to sell some of the business to boost competition. Hutchison, owned by Hong Kong tycoon Li Ka-shing, and VimpelCom agreed last year to merge their 3 Italia and Wind networks but the European Commission ...

Read More »
Send this to a friend