U.S. tech giant shares barely react to G7 tax deal
Shares in U.S. technology giants barely reacted on Monday to a landmark global minimum corporate tax deal agreed between the world’s richest nations, with analysts saying it will take the backing of low-tax nations to have any meaningful impact on the companies’ bottomlines.
Asia breathes sigh of relief as U.S. jobs fail to shock
Asian shares firmed on Monday while the dollar wavered after the anxiously awaited May U.S. payrolls report showed the recovery on track but not so hot that it might bring forward a policy tapering from the Federal Reserve.
Meituan founder donates $2.27 bln shares as charity grips Chinese billionaires
The founder of food delivery giant Meituan(3690.HK) will donate shares worth about $2.27 billion to his personal charity, a stock exchange filing late on Thursday showed, making him the latest Chinese tech billionaire to make such a gesture.
Meatpacker JBS says all facilities operating after weekend cyberattack
All of meatpacker JBS SA’s (JBSS3.SA) global facilities are fully operational after a weekend cyberattack disrupted much of its North American and Australian operations, the company said on Thursday.
Broadcom forecasts upbeat current-quarter sales on 5G ramp up
Broadcom Inc (AVGO.O) forecast current-quarter revenue above Wall Street expectations on Thursday, as the semiconductor firm is set to benefit from the rising adoption of 5G technology.
White House warns companies to step up cybersecurity
The White House warned corporate executives and business leaders on Thursday to step up security measures to protect against ransomware attacks after intrusions disrupted operations at a meatpacking company and a southeastern oil pipeline.
EXCLUSIVE Tesla supplier CATL plans a major battery plant in Shanghai -sources
China’s CATL (300750.SZ) is planning a major new automotive battery plant in Shanghai, continuing a blistering pace of expansion that will cement its lead as the world’s No.1 supplier, two people with knowledge of the matter said.
U.S. sets and suspends tariffs on six countries over digital taxes
The United States on Wednesday announced 25% tariffs on over $2 billion worth of imports from six countries over their digital services taxes, but immediately suspended the duties to allow time for international tax negotiations to continue.
EXCLUSIVE SoftBank tech fund in talks to invest in Dubai cloud kitchen Kitopi-sources
SoftBank Group Corp (9984.T) is in talks to invest in Dubai “cloud kitchen” Kitopi’s latest funding round through its second technology fund, sources familiar with the matter said.
Etsy eyes Gen-Z shoppers with $1.63 bln deal for fashion reseller Depop
Etsy Inc (ETSY.O) said on Wednesday it would buy Generation-Z focused fashion resale company Depop for $1.63 billion, seeking to attract younger shoppers and bolster its position in a booming market in vintage or used clothing.
