LUXEMBOURG: Europe’s second-highest court on Wednesday (Jul 15) rejected an EU order for Apple to pay 13 billion euros (US$15 billion) in Irish back taxes, dealing a blow to the bloc’s attempts to crack down on sweetheart tax deals. In its order four years ago, the European Commission said Apple […]
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Reliance Industries on Wednesday said Alphabet Inc’s Google will buy a 7.7 per cent stake in its digital unit for US$4.5 billion, winning the backing of another U.S. tech giant after Facebook Inc in late April. NEW DELHI/OAKLAND: Alphabet’s Google will buy a 7.7per cent stake for US$4.5 billion in […]
SINGAPORE: Resorts World Sentosa (RWS), one of Singapore’s biggest private-sector employers, said on Wednesday (Jul 15) it was laying off staff as part of cost-cutting measures in the wake of the coronavirus pandemic. The resort, which is owned by Genting Singapore, declined to say how many staff members were affected […]
SINGAPORE: The Singapore Airlines (SIA) Group recorded a 99.3 per cent year-on-year decline in passenger carriage in June, according to its operating results published on Wednesday (Jul 15). Overall results improved marginally from May despite travel demand continuing to be severely impacted by the COVID-19 pandemic as flights slowly began […]
The ball moved enough in last week’s Southampton test between England and West Indies to erase any lingering doubt about swing bowling under cricket’s COVID-19 protocols, manufacturer of the Dukes ball told Reuters. REUTERS: The ball moved enough in last week’s Southampton test between England and West Indies to erase […]
Relegation-threatened Aston Villa must guard against complacency in the home stretch of the Premier League season after they beat Crystal Palace in their previous game, manager Dean Smith said on Wednesday. REUTERS: Relegation-threatened Aston Villa must guard against complacency in the home stretch of the Premier League season after they […]
Manchester United manager Ole Gunnar Solskjaer says he will not rest key players for Sunday’s FA Cup semi-final against Chelsea, with his focus solely on their upcoming Premier League clash against Crystal Palace. REUTERS: Manchester United manager Ole Gunnar Solskjaer says he will not rest key players for Sunday’s FA […]
BEIJING: Beijing lashed out on Wednesday (Jul 15) at Britain’s decision to ban Huawei equipment, saying London had become “America’s dupe” and vowing to take measures to protect the interests of Chinese companies. The British government bowed to growing US pressure and pledged on Tuesday to remove Chinese telecoms giant […]
TOKYO: The Tokyo Olympics may have to be postponed again if the novel coronavirus mutates into a stronger pathogen, Kiyoshi Kurokawa, a prominent Japanese government adviser, said on Wednesday (Jul 15). However, a recent spike in cases in Tokyo is due to a failure to stick to guidelines to prevent […]
TOKYO: Japan’s economy will contract 4.7 per cent in the year to March 2021, the central bank said on Wednesday, projecting a recovery the following year but warning that deep uncertainty remains. The fresh outlook, with policymakers giving a range of contraction from 5.7 per cent to 4.5 per cent, […]