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Facebook sets up Libra Networks to create its own cryptocurrency

Facebook sets up Libra Networks to create its own cryptocurrency

Mon, May 20, 2019

Facebook wants to be part of the exciting world of digital currency and before any other technology giant takes the leap, the social networking service has reportedly started working on its virtual money in Switzerland. According to a Swiss news site Handelszeitung, Facebook has set up a company called Libra Networks in Geneva that will help CEO Mark Zuckerberg build the cryptocurrency.The company is owned by Facebook Global Holdings II in Ireland and will focus on developing the hardware and software for digital currency-related functions including payments, financing, identity management, big data, analytics, and blockchain.

Facebook to block foreign advertisements in Irish abortion referendum

Facebook to block foreign advertisements in Irish abortion referendum

Tue, May 08, 2018

The company said it would rely on reports from established campaign groups on both sides of the campaign to identify foreign-based ads, as its automated election integrity tools are still in development. On April 25, the company launched a trial of a `view ads` tool, which allows users to view all of the ads any advertiser is running on Facebook in Ireland at the same time.

Amazon Web Services opens third Availability Zone in Asia-Pacific

Amazon Web Services opens third Availability Zone in Asia-Pacific

Wed, Jan 24, 2018

In a bid to support the rapid expansion of the AWS customer base in the Asia-Pacific region, Cloud major Amazon Web Services (AWS) on Wednesday announced the opening of a third "Availability Zone" in Singapore.

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Jaguar Land Rover to open R&D centre for automated tech in Ireland

Jaguar Land Rover to open R&D centre for automated tech in Ireland

Mon, Jan 15, 2018

JLR said last year that all its new cars would be available in an electric or hybrid version from 2020 and is building its first fully electric model, the I-PACE, in Austria, which will go on sale in 2018.

Paradise Papers: Apple says no operations were moved from Ireland

Paradise Papers: Apple says no operations were moved from Ireland

Tue, Nov 07, 2017

Apple Inc said none of its operations were moved from Ireland and that changes made to its corporate structure in 2015 were specially designed to preserve tax payments to the United States, and not to reduce taxes anywhere else.

Accenture to create 15,000 jobs in US

Accenture to create 15,000 jobs in US

Fri, Feb 17, 2017

Accenture to create 15,000 jobs in US after US president Donald Trump proposed an executive order to change immigration laws.

Ireland claims EU breaching sovereignty in Apple tax ruling

Ireland claims EU breaching sovereignty in Apple tax ruling

Mon, Dec 19, 2016

Ireland set out its arguments on Monday against a European Commission ruling that tech firm Apple should pay billions in back-taxes to Dublin, claiming the European Union (EU) executive arm has interfered in state sovereignty.

EU’s tax allegations have no basis in fact or law, says Apple Inc's Tim Cook

EU’s tax allegations have no basis in fact or law, says Apple Inc's Tim Cook

Wed, Aug 31, 2016

Written in response to the hefty tax bill amounting to $14.5 billion that Apple Inc would need to pay to European Commission, CEO Tim Cook fought back with an open letter on Tuesday.

Here’s why Apple is well prepared to ride the $14.5 billion tax bill imposed by EU

Here’s why Apple is well prepared to ride the $14.5 billion tax bill imposed by EU

Wed, Aug 31, 2016

Apple had warned investors in a July regulatory filing that the Commission’s investigation could lead to "material" liability for further tax payments, but that it could not estimate the impact.

Apple may have to pay over $1 billion as EU to rule against Irish tax laws

Apple may have to pay over $1 billion as EU to rule against Irish tax laws

Tue, Aug 30, 2016

The European Commission accused Ireland in 2014 of dodging international tax rules by letting Apple shelter profits worth tens of billions of dollars from tax collectors in return for maintaining jobs.

Uber launches legal action over new rules for drivers in London

Uber launches legal action over new rules for drivers in London

Wed, Aug 17, 2016

Uber has launched legal action against new rules in London such as written English tests for its drivers, in the latest battle between regulators and the car ride app which has faced bans and protests worldwide.

IRS is suing Facebook for transferring assets to Ireland

IRS is suing Facebook for transferring assets to Ireland

Fri, Jul 08, 2016

Internal Revenue Service (IRS) has sued Facebook Inc for delay in sharing documents related to transferring its assets to Ireland in 2010 to cut corporate taxes.

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