Wednesday, 22 November 2017

Business

France, Germany to propose new tax on internet giants

Google-Facebook-Apple-Amazon

PARIS: France and Germany plan to issue a new proposal to tax internet giants so that they pay a “fair contribution” in every country where they earn money, French finance minister Bruno Le Maire said Sunday. “We will unveil a new plan along with our German partners at the next ...

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Jeff Immelt says not pursuing Uber CEO job

Jeff Immelt

LONDON: Uber Technologies Inc’s [UBER.UL] field of candidates for a new chief executive officer narrowed further on Sunday when Jeff Immelt, chairman of General Electric Co, said he was no longer in the running for the top leadership position. Uber’s board of directors has been searching for a new CEO ...

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Construction complete: Queensferry Crossing ready to go

Queensferry

EDINBURGH: The Queensferry Crossing will open to traffic this week, more than a decade after plans were first drawn up. Joining the Forth road and rail bridges connecting Edinburgh and Fife, the long-awaited opening comes among a host of events to mark the occasion, including a public walk across the ...

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Theresa May launches new rules on executive pay

Theresa May launches new rules on executive pay

LONDON: Prime Minister Theresa May has said that a new range of measures to be published by her government this week will tackle the “unacceptable face of capitalism” shown by a minority of firms. Writing in the Mail on Sunday, the Prime Minister confirmed a tranche of new rules which ...

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VW engineer gets prison, $2 lakh fine in diesel scandal

Volkswagen

DETROIT: A Volkswagen engineer who had a key role in the company’s diesel emissions scandal was sentenced Friday to more than three years in prison and a $200,000 fine, a steeper punishment than prosecutors requested. James Robert Liang, 63, knew the German automaker was cheating and worked to cover it ...

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Aldi apologises for double-charging customers

Aldi

LONDON: Aldi has apologised after customers in some Midlands stores were charged twice for purchases made this month. The company said a “processing error” led to a number of its customers at “some” stores in the Midlands being charged a second time on Thursday for purchases made on 4 and ...

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Amazon Plans to Lower Some Prices at Whole Foods

Whole Foods

SEATTLE: The era of Whole Paycheck, the derisive nickname for Whole Foods, may be drawing to a close. Amazon, which takes control of the upscale grocer on Monday, intends to slash prices the same day. The significance of the move goes well beyond the price of organic avocados, baby kale ...

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Apple TV with 4K and HDR due for September release date

Apple TV

LONDON: The Apple keynote in September has leaked again, this time without the iPhone 8 being in the limelight as Apple’s 4K and HDR Apple TV is getting all the attention. According to sources of Bloomberg that are “familiar with the matter” but prefer not to be named, we can ...

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Self-driving lorries to be tested in UK

Self-driving lorries

BRITAIN will begin testing convoys of self-driving lorries on public roads late next year, more than two years after similar tests were carried out across Europe. The trucks will be wirelessly linked, allowing them to synchronise braking and accelerating, in a technique known as “platooning”. A human driver in the ...

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Shares nosedive at Dixons Carphone after profit warning

DIXONS

LONDON: Dixons Carphone Ireland is continuing to “perform strongly” in the Irish market despite a bleak profit warning from its UK parent on Thursday. The company forecast an unexpected drop in earnings this year, sending its shares plunging as an increasing number of Britons opt not to upgrade their mobile ...

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