Competition Commissioner Margrethe Vestager warned that other multinationals shift profits via the country to tax havens even though do not employ as extreme Irish tax schemes as Apple Inc could also be breaching EU rules.   On Tuesday, a record 13-billion-euro bill for Irish registered...

If the Obama administration chooses to dramatically escalate a dispute with the European Union over Apple's tax bill, it would be able to do so due to U.S. tax law that it power to double tax rates for European companies.   Experts said that courts might strike down that action because of...

Samsung Electronics Co Ltd was forced to delay shipments of Galaxy Note 7 smartphones after reports of exploding batteries which resulted in knocking off of $7 billion of its market value and jeopardizing the planned recovery of its mobile business.   The company told the media on Wednesday...

The first customer to use a previously flown rocket, with launch planned for later this year has been found and signed by Elon Musk's SpaceX, the companies said.   Crucial to efforts by technology entrepreneur Musk's Space Exploration Technologies Corp to reduce the cost of space launches is...

In an apparent deepening of a regulatory spat, after the authorities detained some drivers working for Careem, ride-hailing apps Uber and Careem have suspended operations in Abu Dhabi.   After it emerged that some drivers had been stopped by police, they had temporarily stopped their...

In a drive to empower staff, fend off new rivals such as electric carmaker Tesla Motors and to speed up decision making, Mercedes-Benz maker Daimler is embracing Silicon Valley management techniques.   By encouraging a more experimental approach to new products, Chief Executive Dieter...

In a part of a plan to line up exclusive content for the debut of its new Daydream service in the coming weeks, Google is investing hundreds of thousands of dollars apiece in virtual-reality films and programs.   Google will fund the production of 360-degree videos with YouTube stars like...

The allegations that Auto supplier Robert Bosch GmbH was a knowing participant in Volkswagen's decade-long scheme to evade U.S. anti-pollution were termed as being "wild and unfounded" by the company.   Bosch responded to attorneys who had said Bosch was a "knowing and active participant in...

A program to sell refurbished used versions of its premium smartphones is to be launched as early as next year by Samsung Electronics Co Ltd, reported Reuters quoting sources with direct knowledge of the matter.   After reviving its mobile profits by restructuring its product line-up, the...

Employing the same online sales and social media marketing tactics that helped the six-year-old startup become China’s largest privately funded startup, Xiaomi Corp. is preparing to enter the U.S. smartphone market “in the near future.”   The vice president of the company, Hugo Barra,...

A new tone for a company that has kept communications minimal is being set by Thomas Dooley who is planning to reach out to investors as Viacom Inc’s incumbent CEO as the company prepares for the impending departure of CEO Philippe Dauman.   If media reports on he issue are to be believed,...