LONDON: A group of the world’s richest nations reached a landmark deal on Saturday (Jun 5) to close cross-border tax loopholes used by some of the world’s biggest companies. The Group of Seven said it would back a minimum global corporation tax rate of at least 15 per cent, and […]
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NEW DELHI: India’s government on Saturday (Jun 5) warned Twitter to immediately comply with the country’s new social media regulations, which critics say give the government more power to police online content. Twitter is involved in a tense battle with the Indian government, which has often asked it to restrict […]
Facebook Inc is planning to end its policy that shields politicians from some content moderation rules, The Verge reported on Thursday (Jun 3), in what would be a major policy reversal for the world’s largest social media network. The reported change comes as Facebook is expected to announce its response […]
SHENZHEN: Embattled Chinese tech giant Huawei will launch a homegrown new mobile operating system on Wednesday (Jun 2) as it fights for survival in the smartphone arena after the US blocked it from using Android. Huawei will unveil its first mobile devices loaded with the new Harmony OS in an […]
SINGAPORE: In 2002, Olivio, a 36-unit condominium in Novena was completed and welcomed its new residents. But just four years later, it was sold en bloc and torn down. To this day, it remains one of the youngest condominiums to have undergone a successful collective sale – which is when […]
Microsoft says another wave of Russian cyber-attacks has targeted government agencies and human rights groups in 24 countries, most in the US. It said about 3,000 email accounts at more than 150 different organisations had been attacked this week. The group responsible was the same one that carried out last […]
Oil and gas giant Total will be rebranded as TotalEnergies as it shifts some of its focus towards renewable energy sources. Shareholders voted overwhelmingly in favour of the move and approved the firm’s environmental goals. “We want to become a sort of green energy major,” said chief executive Patrick Pouyanné. […]
WASHINGTON: The US economy grew at a robust annual rate of 6.4 per cent in the first three months of this year, unchanged from the government’s initial estimate. The recovery from last year’s deep recession gained steam has been helped by vaccines to combat the virus and trillions of dollars […]
Amazon has agreed to buy the historic MGM studios for $8.45bn (£5.97bn). MGM is one of Hollywood’s most famous studios, having produced classic films such as Some Like It Hot and Singin’ In The Rain. The sale will give the tech giant’s Prime streaming service access to a huge back […]
SHANGHAI: Cryptocurrency mining operators, including a Huobi Mall and BTC.TOP, are suspending their China operations after Beijing stepped up its efforts to crack down on bitcoin mining and trading, sending the digital currency tumbling. A State Council committee led by Vice Premier Liu He announced the crackdown late on Friday […]