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Samsung Elec shares slide as Note 7 recall takes toll
By Se Young Lee | SEOUL SEOUL Samsung Electronics Co Ltd’s shares fell to their lowest level in nearly two months on Monday after the tech giant told customers to switch off and return their new Galaxy Note 7 smartphones due to fire-prone batteries. Investors had wiped 15.9 trillion won (14.3 billion) off the South Korean firm’s market capitalisation as of 0303 GMT, as […]
Amazon and Pandora set to launch new music streaming services – NY Times
Amazon.com Inc and Pandora Media Inc are planning to launch new versions of their streaming music services in coming weeks, the New York Times reported on Sunday, citing several anonymous people with knowledge of the matter. Pandora could announce its plans this to expand its $5-per-month platform this week, with possible features including skipping more songs or storing several hours of playlists, the newspaper said. […]
Volkswagen's Audi steps up collaboration with Chinese tech groups
FRANKFURT Volkswagen’s luxury car unit Audi has agreed to deepen collaboration with Chinese internet technology groups to offer more digital services in the world’s largest car market. Audi and FAW-Volkswagen, VW’s joint venture with FAW Car Co Ltd, have signed letters of intent with Alibaba, Baidu and Tencent, Audi said on Sunday. Financial terms were not disclosed. Parent Volkswagen has been hobbled by a scandal over the […]
APPLE’S “MCQUEEN” COULD COST AMAZON BILLIONS: Vanity Fair
/By MAYA KOSOFF/Vanity Fair/Apple, which reportedly spends more than a billion dollars a year to outsource its cloud infrastructure to Amazon, Google, and Microsoft, is working on a secret project to ditch its competitors. The internal initiative, code-named “McQueen”— yes, like that Steve McQueen—is Apple’s attempt to break its reliance on other cloud providers by creating its own platform,Re/code reports. Sources said Apple could break even on […]
"Times are changing, pay your taxes", euro zone chief tells corporations
By Francesco Guarascio and Jason Hovet | BRATISLAVA BRATISLAVA Multinationals should refrain from tax avoidance practices and pay their fair share of taxes, the head of euro zone finance ministers said on Saturday, in a new endorsement to the European Union fight against tax dodging. In the wake of the ‘Panama Papers’ revelations of widespread tax avoidance practices, Brussels has toughened up its drive […]
Apple Unveils iPhone 7, New Apple Watch Series and More
Unveiled at Apple’s special event in San Francisco today, the new iPhone 7 and iPhone 7 Plus can be ordered starting this Friday and are set to hit the market on September 16. The latest generation of Apple’s smartphones (pictured above) will introduce a number of new features, including water and dust resistance, an advanced 12-megapixel camera and an A10 Fusion chip architecture billed as twice as […]
Apple Watch Redesigned, Debuting Alongside iPhone 7
Apple announced its newest iPhones, the 7 and 7 plus, which are water and dust resistant. Analysts say the new iPhones could help Apple recover modestly from a recent dip in sales. But with few expected dramatic changes from previous models, Apple watchers aren’t expecting the kind of big spikes in consumer demand that the company saw two years ago, when it introduced larger screens. Apple sold […]
China's online chatter muted ahead of Apple iPhone 7 launch
By Adam Jourdan and Paul Carsten | SHANGHAI/BEIJING SHANGHAI/BEIJING Judging by the volume of online chatter, there’s a lot less buzz in China ahead of this week’s expected launch of the new Apple Inc iPhone, and people on the street say they’re more likely to “wait and see” what the latest device offers than rush out to buy. Posts on China’s popular Sina Weibo microblogging site show […]
Samsung issues recall for Galaxy Note 7 after battery fires
By Se Young Lee | SEOUL SEOUL Samsung Electronics Co Ltd (005930.KS) will replace all Galaxy Note 7 smartphones equipped with fire-prone batteries and halt sales of the flagship product in 10 markets, a devastating blow for what had been a revival in the firm’s mobile business. Koh Dong-jin, head of the South Korean company’s smartphone business, spoke at a news conference jam-packed with reporters and cameras […]
Apple appeal against EU tax demand would break new ground
By Tom Bergin | LONDON LONDON Apple CEO Tim Cook has said he will appeal the European Commission’s ruling that his company received an unlawful 13 billion euro ($14.5 billion) subsidy when Ireland gave it preferential tax deals and that he was confident the decision would be reversed. But over a dozen lawyers, including three advising companies on appeals, told Reuters it was impossible to predict how […]
Apple Says Several Billion Dollars Set Aside for U.S. Taxes
Apple Says Several Billion Dollars Set Aside for U.S. Taxes Apple’s chief executive says the company has put aside “several billion dollars” to pay tax liabilities in the United States as it repatriates some of its huge overseas earnings. Tim Cook told Irish state network RTE in an interview broadcast Thursday that the money, part of profits from 2014, should be brought back to the U.S. next […]
EU says Apple tax ruling not political and based on Apple data
BRUSSELS The European Commission rejected on Thursday Apple’s criticism that an EU order to the company to pay back taxes to Ireland was political, noting the calculations were based on facts and Apple’s own data. In an interview with the Irish Independent, Apple Chief Executive Tim Cook on Thursday described the EU’s imposition of a 13 billion euro ($14.5 billion) back tax bill as “total political crap” […]
Apple CEO says EU tax ruling 'total political crap' – Irish Independent
DUBLIN The European Union’s imposition of a 13 billion euro ($14.5 billion) back tax bill on Apple (AAPL.O) is “total political crap”, Chief Executive Tim Cook said in a newspaper interview on Thursday, and anti-U.S. bias may have played a role. But in a separate radio interview he vowed to boost Apple’s tax payments by repatriating billions of dollars in global profits to the United States next […]
Apple CEO expects to repatriate billions of dollars to U.S. next year
DUBLIN Apple expects to repatriate billions of dollars of global profits to the United States next year, Chief Executive Tim Cook said in a radio interview on Thursday, but did not specify exactly how much would be returned. Apple was found to be holding over $181 billion in accumulated profits offshore, more than any U.S. company, in a study published last year by two left-leaning nonprofit groups, […]
Apple fixes security flaw after UAE dissident’s iPhone targeted
By Joseph Menn | SAN FRANCISCO SAN FRANCISCO Apple Inc issued a patch on Thursday to fix a dangerous security flaw in iPhones and iPads after researchers discovered that a prominent United Arab Emirates dissident’s phone had been targeted with a previously unknown method of hacking. The thwarted attack on the human rights activist, Ahmed Mansoor, used a text message that invited him to click on […]
Sharp to review TV licensing deals to boost global presence
TOKYO Japanese electronics maker Sharp Corp said Tuesday it will review its TV brand licensing deals overseas in an effort to boost its global presence under the aegis of Taiwan’s Foxconn. “We have decided to review our current brand licensing business in Europe and Americas, and are currently examining various possibilities,” Sharp said in a statement. The comment follows a report by the Yomiuri […]
Apple's iOS 10 Is Almost Here: What We Know So Far
Set to arrive on September 30, iOS 10, the latest update of Apple’s mobile operating system, will offer a number of new features, including a redesigned lock screen, a more intelligent Siri digital assistant and new looks for other apps. One improvement to Siri will be especially welcome for at least one famous iPhone user: Barbra Streisand. In an interview over the weekend, the singer told NPR […]
Report Says Samsung May Begin Selling Refurbished Phones Next Year
Beginning “as early as next year,” Samsung may start selling refurbished smartphones directly to consumers. The new resale program is aimed at strengthening Samsung’s earnings as global phone sales slow down, according to report today citing “a person with direct knowledge of the matter.” Offering lower-cost refurbished phones could also help Samsung better compete against Chinese manufacturers whose cheap devices have cut into its sales, especially in […]
Is the auto industry losing the autonomous driving race?
UAE. A new study released today by global strategy and management consulting firm A.T. Kearney concludes that autonomous driving will trigger the 21st century’s first major wave of growth. Key findings from the report, ‘How Automakers Can Survive the Self-Driving Era’, are based on interviews with more than 150 automotive decision-makers around the world. A.T. Kearney consultants sought to identify the products, services and partner strategies with […]
New Certification Aims To Ensure the Safety of USB-C Chargers
A new certification program is aimed at assuring users that USB Type-C chargers won’t damage their devices or fail to provide adequate charges. Announced yesterday by the USB Implementers Forum (USB-IF), the program sets compliance standards for original equipment manufacturers of USB-C products. Introduced in 2014, the USB-C standard for universal serial bus connections is a more compact type of connector that’s easier to plug in and […]
Samsung's Galaxy Note 7 Drawing Rave Reviews So Far
Has Samsung finally come up with a giant killer of a mobile device that can give it genuine leverage against Apple in that market? If the early reviews of the Galaxy Note 7 are any indication, that just might be the case. The Samsung Galaxy Note 7, set for release this week, has drawn almost unanimously positive reviews from technology media outlets. The Galaxy Note 7 is […]
