Economy

Apple agrees to pay Ireland €13bn in back taxes after European Union challenge

Apple agrees to pay Ireland €13bn in back taxes after European Union challenge Apple launched an appeal of the decision after the ruling, which it says it's still pursuing. The government have come to an agreement with Apple for the contested €13 billion tax bill that the company was ordered to pay Ireland. The situation has gotten tenser in recent years, with European Union members' finance ministers urging adjustments to the law that could jack up multinationals' tax bu... [Full Article...]

ANC Limpopo nominate Cyril Ramaphosa as preferred presidential candidate

ANC Limpopo nominate Cyril Ramaphosa as preferred presidential candidate I am telling you we are in charge of this province", he says. The election has divided the 105-year-old ANC like never before and pitted Ramaphosa and party veterans against Zuma, who's been mired in allegations that he allowed members of the Gupta family, his son's business partners, to influence cabinet appointments and the awarding of state contracts. [Full Article...]

SEC Accuses Canadian of $15 Million ICO Fraud

SEC Accuses Canadian of $15 Million ICO Fraud Lacroix's PlexCorps company and his "romantic partner", Sabrina Paradis-Royer, were also named as defendants in a civil complaint in which the SEC says Lacroix enticed investors by claiming that if all 400 million PlexCoin tokens for sale were sold, they would reap returns of 1,354% in 29 days or less. [Full Article...]

AK Steel Holding Corporation (AKS), Altaba Inc. (AABA) — Stocks Trend Prediction

Some investors may prefer growth stocks while others may opt for value stocks. About 6.66 million shares traded. United States Steel Corporation's ROA is 1.27%, while industry's average is 2.54%. Boston Prns owns 563,758 shares for 0% of their portfolio. Us Savings Bank De holds 0% or 58,907 shares. The Price Index 12m for United States Steel Corporation (NYSE:X) is 0.90915. [Full Article...]

Code.org raises $12 million from Bill & Melinda Gates Foundation and others

Code.org raises $12 million from Bill & Melinda Gates Foundation and others Why should kids learn how to code, anyway? As Apple founder, Steve Jobs, once explained, "Everybody in this country should learn to program a computer, because it teaches you how to think". Commissioner of Education Frank Edelblut says New Hampshire is taking the program a step further this year, by marrying it to a robotics competition. [Full Article...]

Dialog's Shares Plunge after Admitting Apple Developing its Own Power Chips

Dialog's Shares Plunge after Admitting Apple Developing its Own Power Chips Imagination has since been sold to China-backed Canyon Bridge Capital Partners for £550 million ($740 million), well below the £2 billion ($2.7 billion) it was worth at its peak in 2012. The brokerage said the reaction could prove overblown and that Apple may still decide to stick with Dialog rather than developing its own power chips. [Full Article...]

Broadcomm goes hostile, seeks to replace Qualcomm's board in takeover bid

Broadcomm goes hostile, seeks to replace Qualcomm's board in takeover bid It added that it supports the reappointment of Mark McLaughlin, Anthony Vinciquerra and Jeffrey Henderson - the Qualcomm directors backed by Jana - and would seek to enlarge the size of the board to accommodate them. In the proposal, Broadcom promised Qualcomm shareholders $60 per share in cash and $10 per share in Broadcom stocks. These factors, Qualcomm has argued in recent weeks, wi... [Full Article...]

Kirkcaldy staff await news on Toys R Us Future

Kirkcaldy staff await news on Toys R Us Future The closures, starting in the UK's spring, will pare rents on warehouse-size stores and let the company focus on better-performing small shops and online operations, according to an e-mailed statement on Monday. "Like many United Kingdom retailers in today's market environment, we need to transform our business so that we have a platform that can better meet customers" evolving needs. [Full Article...]

UK Treasury Wants to Regulate Bitcoin Against Money Laundering and Terrorism

UK Treasury Wants to Regulate Bitcoin Against Money Laundering and Terrorism This has been implemented since the allure of anonymity in holding these currencies have become an attractive way for criminals to store value. A rise of 1,000 per cent in value this year has anxious MPs and banks alike. It says these are potential modes for money laundering and funding of terrorist activities. Gregory said that while the United Kingdom and Europe were playing catch up to a de... [Full Article...]

CME Group self-certifies listing of bitcoin futures contract

CME Group self-certifies listing of bitcoin futures contract In a statement published today, the firm said that trading would commence at 5 p.m. CT, with the first full day of trading starting that Monday. CME Group's Bitcoin futures will be cash-settled, based on the CME CF Bitcoin Reference Rate (BRR) which serves as a once-a-day reference rate of the USA dollar price of bitcoin. [Full Article...]

Co-op becomes first retailer to sell produce past 'Best Before' date

Co-op becomes first retailer to sell produce past 'Best Before' date Food waste has become a major issue with the government estimating that around £16 billion worth of produce - equivalent to £700 for every United Kingdom household - is thrown away each year. These items should not be eaten after the " Use By " date as they may pose a health risk. When we're grocery shopping, most of us don't seek out foods that have passed their " Best Before " dates. [Full Article...]

Winklevoss twins become world's first Bitcoin billionaires

Winklevoss twins become world's first Bitcoin billionaires Bitcoin is back to its winning ways, posting a record high on Sunday and making billionaires of the twins Cameron and Tyler Winklevoss. Given that a single Bitcoin was worth around $10,000 just a few days ago, it doesn't take rocket science to do the maths even though the brothers are remaining hush on their earnings. [Full Article...]

All the Places Giving Away Free Cookies for National Cookie Day

All the Places Giving Away Free Cookies for National Cookie Day Penn Station East Coast Subs : With any sandwich purchase Monday, get a free chocolate chunk cookie bite. Sugar, chocolate chip and oatmeal, which some may say are the most popular varieties, each have their own national day throughout the year. [Full Article...]

Facebook to add 800 jobs in London as it opens new office

Facebook to add 800 jobs in London as it opens new office According to Nicola Mendelsohn, Facebook's Europe, Middle East and Asia vice-president, the tech giant was "more committed than ever to the UK". Designed by architect Frank Gehry, the 247,000 sq ft office includes seven floors and a new public square just off Oxford Street. [Full Article...]

Mixed Sales Bag for "Big 3" in November

General Motors , which makes the Cheverolet Cruze sedan at its local assembly plant in Lordstown, said Friday its overall sales for November, at 245,387, fell almost 3 percent from 252,644 the same month past year. Edmunds is projecting that total sales will come in at 17.2 million for 2017, down from 17.55 million past year. "The boost in sales over the last three months is a reflection of target... [Full Article...]

Abt disqualified from Sunday's Hong Kong ePrix!

Abt disqualified from Sunday's Hong Kong ePrix! It was the second issue suffered by Mahindra as Rosenqvist was penalised for a technical infringement in the first race which took away a points finish. "It's not the way you want to win, I don't feel like a victor". "What we are apparently suspected of is a administrative mistake in the car's passport that didn't give us any advantage at all". [Full Article...]

Founder of 'Golden Krust' chain shoots self inside factory

Founder of 'Golden Krust' chain shoots self inside factory New York Daily News reports that more than a dozen employees were shocked and in disbelief, many of them crying. Prior to the shooting, Hawthorne could be seen allegedly talking with two workers who left the room. "Look how far he reached", Wayne Muschamb said. "He's the kind of guy you want to work for for that long". The business became so successful that the Hawthorne's were encouraged to ... [Full Article...]

NatWest branch in Oundle to close

NatWest branch in Oundle to close The bank says the closures are the result of changes in the way customers do their banking which has resulted in a drop in the number of people using branches. "Fifty-nine per cent of customers are now choosing to bank digitally with us on a regular basis instead". We are following the Access to Banking Standard and we have made our decision after careful consideration of a wide range of factor... [Full Article...]

McDonald's orders Muslim student to remove headscarf

McDonald's orders Muslim student to remove headscarf The woman, who has been living in the United Kingdom all her life and claims she has previously never been asked to remove her hijab, replied: "It's not just a matter of taking it off. "I'm not going to stop it, it's my legal right to film whatever is happening right now. I've been living in the United Kingdom for 19 years and this is the first time I'm faced with this kind of discrimination". [Full Article...]

Tory minister Sam Gyimah breaks ranks to oppose Trump state visit

Tory minister Sam Gyimah breaks ranks to oppose Trump state visit The prime minister also insisted that the U.S. and the United Kingdom enjoy a "long-term special relationship" which is in both countries' national interests. Woody Johnson - the owner of the NFL's New York Jets - flew in as ambassador to the United Kingdom in August. In her first response, the Prime Minister told a press conference in Jordan that Britain had an enduring relationship with the US... [Full Article...]


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