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EU to pursue Google parent alphabet on multiple fronts

BRUSSELS: European Union regulators will actively pursue Google parent Alphabet Inc. on multiple fronts ranging from its contracts with advertisers to its Android mobile-operating system, the bloc’s antitrust chief Margrethe Vestager said, in the clearest sign yet that the U.S. search giant is likely to face fresh competition charges in Brussels. In an interview, Ms. Vestager also hinted that a ... Read More »

Ex-Google CIO just rises $150m to power service launched 3 months ago

LONDON: It was only about three months ago when ZestFinance, the online lending startup founded by ex-Google CIO Douglas Merrill, launched a new loan service called Basix. Basix is a lending service aimed at the “near prime” market, or people with credit scores just below levels that would qualify them for regular bank loans. Merrill says millions of “near prime” ... Read More »

Google, Twitter collaboration extend search results to desktop

SAN FRANCISCO: Google and Twitter on Friday announced their partnership placing tweets in online search results has been extended to desktop results. The two firms agreed in May to place tweets in Google mobile search results, and that the same would apply to desktop at a later time. Google and Twitter had a similar arrangement dating back to 2009, but ... Read More »

Google Executive Chairman miscalculates EU’s powerful competition czar

BRUSSELS: As the global elite gathered at the World Economic Forum in Davos in January 2014, Google Executive Chairman Eric Schmidt and four other executives from the Internet search giant were meeting in a conference room at the newly opened InterContinental, a golden, egg-shaped structure nestled incongruously in the snowcapped Swiss Alps. They hoped to finalize a settlement with Joaquín ... Read More »

ENI’s Goliat field likely to face 50% increase on planned cost

OSLO: Extracting and processing oil and gas at a profit has always been a numbers game. Last year the price for crude oil dropped by 60%, leading to thousands of job cuts across Norway. It’s now more critical than ever  for operators to make better use of IT to understand and manage every element of risk and uncertainty to safeguard ... Read More »

293 China ports authorized to open up to foreign trade

BEIJING: A guideline issued Friday by the State Council, China’s cabinet, outlined measures to improve port services and support foreign trade. To speed up customs clearance, authorities will cut red tape and minimize unnecessary work in the ports themselves, according to the document released on Friday. “These measures focus on supporting foreign trade with easier and better customs clearance services,” ... Read More »

Randstad announces top 10 winners of 2015 best-Swiss-employer awards

BERN: The recruitment agency Randstad, announced the 10 winners of its 2015 best-Swiss-employer awards. Nine of the top ten were Swiss brands. Only Google, in number 1 position wasn’t. Watch brands were well represented with Patek Philippe, Swatch, Victorinox and Rolex all making the cut. Also well represented were transportation businesses including, Zurich Airport, Swiss, Swissport International, and Stadler Rail. ... Read More »

UK gears up for 25% Google tax on big tech companies’ profits

LONDON: Due to UK’s national election in May, big tech companies are finding themselves in the crossfire. An article in the Sunday Times lays out more details around UK Chancellor George Osborne’s proposal for a 25% “Google Tax”. The tax will be included in the UK Budget, due to be published later this month. It’s unclear how many millions of ... Read More »

Google to pay 320b euros in taxes to Italian govt

ROME: Media giant Google will pay 320 million euros (some $360 million) in taxes to the Italian government, the Corriere della Sera newspaper reported. According to the newspaper, this sum accumulated over the period covering five years from 2008 to 2013. The requirement to settle unpaid taxes comes from the fact that revenue from advertising in Italy was registered outside ... Read More »

Google shifts €10b in royalties to tax haven of Bermuda via Netherlands

AMSTERDAM: Google shifted nearly €10bn in royalties to the tax haven of Bermuda via the Netherlands in 2013. That is almost €1bn up on 2012, the paper says. It bases its claims on an analysis of the annual reports of Dutch-registered Google Netherlands Holdings BV. Over €9bn came from Google Ireland Ltd, the Irish company which sells Google advertising worldwide. ... Read More »

Apple, Google, Intel, Adobe agree to increase offer to $415m in employee poaching lawsuit

NEW YORK: Hoping to avoid a potentially embarrassing trial, Google, Apple, Intel and Adobe have increased their offer to $415 million [m] to settle a lawsuit that accuses them of cutting secret deals not to hire each other’s workers. The offer comes after Judge Lucy Koh, of the District Court in San Jose, California, rejected a previous settlement offer of ... Read More »

Google, Mattel plan to set up new joint project

NEW YORK: Internet search giant Google and toymaker Mattel are setting up to reveal a new joint project next week. The Internet search giant and the toymaker sent out an invitation to the media for the announcement and product debut. The invitation includes the words, “View what’s possible” inside what looks like a slide for an old Mattel View-Master, a ... Read More »

Google, Twitter punches a deal to make live tweets more searchable.

NEW YORK: Twitter messages will soon become visible in Google’s search pages. All of Twitters 284m users’ tweets will be visible in real time within Google’s search results. But while the two giants have a win-win scenario for themselves, a study shows that diverse audiences can lead to people self-censoring. According to insiders, before the year is up, all of ... Read More »

Google, Twitter punches a deal to make live tweets more searchable.

NEW YORK: Twitter messages will soon become visible in Google’s search pages. All of Twitters 284m users’ tweets will be visible in real time within Google’s search results. But while the two giants have a win-win scenario for themselves, a study shows that diverse audiences can lead to people self-censoring. According to insiders, before the year is up, all of ... Read More »

Google, Mattel plan to set up new joint project

NEW YORK: Internet search giant Google and toymaker Mattel are setting up to reveal a new joint project next week. The Internet search giant and the toymaker sent out an invitation to the media for the announcement and product debut. The invitation includes the words, “View what’s possible” inside what looks like a slide for an old Mattel View-Master, a ... Read More »

Apple, Google, Intel, Adobe agree to increase offer to $415m in employee poaching lawsuit

NEW YORK: Hoping to avoid a potentially embarrassing trial, Google, Apple, Intel and Adobe have increased their offer to $415 million [m] to settle a lawsuit that accuses them of cutting secret deals not to hire each other’s workers. The offer comes after Judge Lucy Koh, of the District Court in San Jose, California, rejected a previous settlement offer of ... Read More »

France looking to tax US giants to enhance local film sector

PARIS: Culture Minister Fleur Pellerin said in an interview “different paths” were being looked at on the French and EU levels to make sure the Internet majors contributed, and she wanted “to find a solution” by the end of this year. “It’s an urgent issue for the financing of French production, which the US Internet companies profit from because they ... Read More »

Apple, Google, Intel & Adobe companies agree to pay 64,000 employees $415m to settle class-action suit

NEW YORK: Apple, Google, Intel and Adobe Systems companies in the Silicon Valley agreed to pay 64,000 current and former employees $415 million to settle a class-action suit related to violation of antitrust laws on poaching each other’s employees. The lawsuit alleged that Apple Inc. (AAPL: Quote) and Google, Inc. (GOOG: Quote, GOGL) Intel Corp. (INTC: Quote) and Adobe Systems ... Read More »

Apple, Google, Intel & Adobe companies agree to pay 64,000 employees $415m to settle class-action suit

NEW YORK: Apple, Google, Intel and Adobe Systems companies in the Silicon Valley agreed to pay 64,000 current and former employees $415 million to settle a class-action suit related to violation of antitrust laws on poaching each other’s employees. The lawsuit alleged that Apple Inc. (AAPL: Quote) and Google, Inc. (GOOG: Quote, GOGL) Intel Corp. (INTC: Quote) and Adobe Systems ... Read More »

Apple, Google, Intel, Adobe agree to pay $415m to workers

CALIFORNIA: Apple Inc, Google Inc, Intel Corp and Adobe Systems Inc have signed the agreement to pay US$415 million to workers for settlement the case. According to court documents they colluded not to poach one another’s employees. The revised settlement still needs to be approved by US District Court Judge Lucy Koh, who rejected an earlier deal after deeming the ... Read More »