Bloomberg Apple Inc. said it will bring hundreds of billions of overseas dollars back to the US, pay about $38 billion in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years. The iPhone maker plans capital expenditures of $30 billion in the US over five years and will create ...
Read More »Brexit EU budget dispute comes down to half
Bloomberg A claim that leaving the European Union would free up an extra 350 million pounds ($485 million) a week for the UK’s state-funded health service was one of the most controversial parts of the 2016 Brexit referendum. It was made by Vote Leave, which emblazoned the figure on the side of its campaign bus, and Foreign Secretary Boris Johnson ...
Read More »Google faces England’s first ‘right to be forgotten’ trial
Bloomberg Google Inc. is set for its first battle in a London court over the so-called “right to be forgotten†in two cases that will test the boundaries between personal privacy and public interest. Two anonymous people, who describe themselves in court filings as businessmen, want the search engine to take down links to information about their old convictions. One ...
Read More »Twitter finds more links to Russian agency
Bloomberg Twitter Inc. said it found another 1,062 accounts linked to the Russian government-backed Internet Research Agency accused of trying to influence the 2016 US presidential election. The social media company said it’s emailing notifications to 677,775 people in the US who followed one of these accounts or retweeted or liked a Tweet from these accounts during the election period, ...
Read More »US Chamber pushes to ‘jump-start’ public works plan
Bloomberg The federal gas tax should be increased to help modernise US roads, bridges and other public works, and Congress must expand funding and financing options for projects, US Chamber of Commerce President Thomas Donohue said. The chamber is calling on Congress and the Trump administration to raise federal fuel taxes by 25 cents, pass initiatives including a new federal ...
Read More »Bots for the bond market
Bloomberg In the corporate-bond market, even a few billion doesn’t get you a seat at the table. And Najib Nakad is so tired of settling for the scraps left by giants, he hardly bothers to bid for new issues anymore. “We are too small to have any hope of an allocation,†said Nakad, who helps oversee about $2.5 billion as ...
Read More »Apple’s new feature to control kids’ phone use
Bloomberg Apple Inc. said it plans new features to help parents control how children use its smartphones, responding to criticism from two shareholders about the entrancing qualities and potential mental health impact of the company’s iPhone. “Apple has always looked out for kids, and we work hard to create powerful products that inspire, entertain, and educate children while also helping ...
Read More »Mazda revives rotary engine for Toyota’s self-driving fleet
Bloomberg Mazda Motor Corp. stopped selling rotary engines in 2012 after spending nearly half a century trying to perfect them. The company is reviving the classic technology now in what seems like an unlikely place: battery-powered, self-driving vehicles it’s developing with Toyota Motor Corp. to deliver everything from pizza to people. Mazda will provide rotary engines to run generators that ...
Read More »Kodak Super 8 cameras, BlackBerrys made modern
Bloomberg Even as we flirt with Jetsons-style bathrooms hooked up to digital assistants and breakneck races of flying “cars,†one thing remains clear: Despite ever-improving technology, our nostalgia-tuned minds remain glued to the rear-view mirror. At CES, Kodak made that abundantly clear when it revealed footage from its hotly-anticipated reboot of the Super 8 camera, which revolutionised amateur filmmaking when ...
Read More »British airlines risk losing rights in EU after Brexit
Bloomberg The European Union may attempt to strip British airlines of some flying rights after Brexit, with officials in Brussels warning that UK-based carriers could see their ability to compete across the bloc impeded. A meeting of the European Commission and diplomats from the remaining 27 EU countries has taken the first steps in sketching out the EU’s negotiating position ...
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