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Facebook caves under pressure from governments to change tax structure
Social media giant Facebook has caved into pressure from governments and the general public and is to overhaul its tax structure. It currently re-routes revenue through its international headquarters in...
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EU court says taxi rules apply to Uber
It is a landmark court ruling that could have an impact on new online businesses across Europe. The European Union’s top court has ruled that Uber should be regulated like...
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AT&T-Time Warner deal to prevail, analysts predict
Wall Street analysts believe pay TV and mobile carrier AT&T has a strong case in court against the US government over its $85 billion deal to acquire Time Warner. The...
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Bitcoin rockets above 6000 euros for the first time
The price of digital currency bitcoin has rocketed above $7,000 (6000 euros) for the first time after a more than tenfold increase in its value over the past year. But...
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ECB to cut its massive bond-buying programme
The European Central Bank is keeping its main interest rates unchanged. The bank’s president, Mario Draghi, said on Thursday (October 26) the eurozone economy was recovering but still needed support....
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Bitcoin booms to over 5000 dollars
The controversial crypto-currency Bitcoin hit a new record high of above 5000 dollars on Thursday, making it four times more expensive than an ounce of gold. The controversial crypto-currency Bitcoin...
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Eurozone’s GDP growth outlook rosier, eastern members catching up
The eurozone posted GDP growth of 0.6% in the second quarter of 2017, and while the euro’s inexorable rise against the dollar this year has put some strain on exporters,...
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Trump gets tough with China and orders trade inquiry
President Donald Trump has signed a presidential memorandum that is irritating the Chinese. It will review Chinese trade practices, and invokes a rarely-used legal mechanism that could give the president...
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France opposes Google tax ruling
The French government says it’s going to lodge an appeal against a court ruling that Google is not liable to pay 1.1 billion euros ($1.3 billion) in back taxes. On...
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E3 opens door to video gaming public for first time
It is as if the doors of Ali Baba’s cave had been swung open wide for some 15,000 video games nuts. For the first time ever the industry’s E3 show,...