Since the action by the European Commission of ordering Apple Inc to pay billions in unpaid taxes to Ireland seemed to undermine joint U.S.-EU progress on creating a more fair international tax system, the White House said on Tuesday that it was concerned about the incident.   Again since it...

Google is going to launch its own car sharing project Waze on San Francisco roads in the autumn. The new service may well become a competitor for Uber, which, by the way, is still Google’s partner. Partnership of Google and Uber gradually develops into an open confrontation between the two...

The domestic rivals come together to beat the South Korean peers. Sharp Corp of Japan is hopeful on teaming up with Japanese rival “Japan Display Inc”, whereby the partnership will explore the “organic light-emitting diode” displays.   The said partnership is an attempt to arrive at the...

Amid mounting frustration over Washington’s demands, the EU commission has been urged by France to end transatlantic trade talks.   Next month, when the 27 EU member states meet to discuss their future after the UK’s vote to leave the bloc, in Bratislava, Matthias Fekl, French trade...

After ruling that a special scheme to route profits through Ireland was illegal state aid, Apple has been ordered to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government by the EU antitrust regulators.   If other countries sought more tax themselves from...

Pfizer continues to expand its research field in cancer and antibiotics. Pfizer Inc cracks a deal with AstraZeneca, a pharmaceutical company, on buying the latter’s “small molecule antibiotics business” which could cost over “$1.5 billion”.   Earlier, in the year of 2014, Pfizer attempted to...

Commercial’s hydrogen “hybrid” vans will be refuelling themselves in ITM’s stations. ITM Power is into another deal, whereby it will be supplying “hydrogen fuel”, while it continues to network out its refuelling system. The companies of clean fuel as well as “energy storage”, as listed in AIM, have...

As stocks tumbled and the yen surged, all investment gains since it overhauled its strategy by boosting shares and cutting bonds were wiped out and a $52 billion loss in the last quarter was posted by the world’s biggest pension fund.   Japan’s Government Pension Investment Fund said that...

Most diesel passenger cars made by Volkswagen cannot be upgraded to full compliance with environmental standards for US vehicles. However, some trucks can be adjusted to the standard, said the lawyer of the German automaker, quoted by The Wall Street Journal. Volkswagen’s lawyer also said in the...