Business Jun 4, 2021
G7 finance ministers meet in London to broker global tax deal
The talks are aimed at moving closer to a global deal to raise more tax revenue from the likes of Google, Facebook and Amazon.
G7 finance ministers meet in London to broker global tax deal
The talks are aimed at moving closer to a global deal to raise more tax revenue from the likes of Google, Facebook and Amazon.
Biden order bans investment in dozens of Chinese defense and tech firms
The order prevents U.S. investment from supporting the Chinese military-industrial complex, as well as military, intelligence, and security research and development programs.
Japan to strengthen domestic chip production under growth strategy
The government aims to "build a system which ensures a steady semiconductor supply" and reduce the country's dependence on foreign manufacturers.
Chip crisis forces carmakers to rethink just-in-time ordering
The shortcomings of that system were made starkly clear this year as the automakers confronted a dearth of the chips they need to build advanced functions into their vehicles.
SoftBank-backed Jellysmack eyes global expansion and acquisitions
The New-York based company helps online content creators and brands promote their offerings across platforms like Instagram and YouTube, taking a share of revenue in return.
Google's Starline shows promise and perils of 3D chats
Google and its rivals, including Microsoft, Apple and Facebook, all view "mixed reality" as the next big new wave in computing and all are staking out fresh ground.
U.S. chip funding could result in seven to 10 new factories, officials say
Last week, Senate Democratic Leader Chuck Schumer unveiled revised bipartisan legislation to spend $52 billion for U.S. semiconductor chip production and research over five years.
Deputy U.S Treasury chief sees G7 support for 15%-plus global minimum tax
The U.S. global minimum tax proposal is expected to be a key topic of discussion at a preliminary virtual G7 finance leaders meeting on Friday.
South Korea to use AI and drones to track illegal Chinese fishing trawlers
Chinese fishing is increasing security risks near South Korea’s tense nautical border, a top Cabinet member in Seoul said.
At Epic vs. Apple's closing, judge probes implications of upending Apple's App Store
To make her decision, U.S. Federal Judge Yvonne Gonzalez Rogers will have to wade through 4,500 pages of testimony, a process she said could take months.
Global chip shortage likely to continue to haunt Japanese automakers
Manufacturers and tech players are itching to get free of a chip shortage that has derailed their production, but are likely in for a bit of a wait.
Toshiba opens strategic review, giving $1.4 billion to investors
The move comes after weeks of takeover discussions sparked by private equity firm CVC Capital Partners’ $21 billion acquisition bid.