US tech giants are exploiting tax loopholes to avoid paying billions to the governments of developing nations, according to an NGO report. ActionAid International claims that Facebook, Microsoft and Google parent Alphabet…
Microsoft Buys Greek Robotics Firm Softomotive
Microsoft has acquired robotic process automation (RPA) company Softomotive. The move was reported earlier this month by Bloomberg, but only confirmed yesterday. The cost of the deal is not yet known. The…
Tech Stock Plunge Wipes $10bn From Giants’ Value
The ten most valuable US tech companies have suffered a combined $82.7 billion value loss today, led by Facebook’s continued slide. The social media firm, whose value plummeted by a record $124bn…
Microsoft Acquires GitHub for $7.5bn
Microsoft has acquired coding service GitHub, in a deal worth $7.5 billion in Microsoft stock. The acquisition was confirmed today by Microsoft CEO Satya Nadella in an official company blog, having been reported…
Google Faces Record Fine over Search Results
The European Commission has fined Google €2.42 billion ($2.7bn), a record amount, for breaching its antitrust rules. It deemed the company has abused its power as the world’s leading search engine, by manipulating…
Travis Kalanick’s Uber Removal: Tech’s Worst CEOs
Yesterday Uber’s investors declared they had had enough of CEO Travis Kalanick, forcing the embattled entrepreneur to step down as the ride-share giant’s leader. Kalanick had been mired in accusations of sexist…
CES Asia Kicks Off in Shanghai
CES Asia, one of the continent’s premier technology events, has begun in Shanghai, China. The three-day event, running until June 9, showcases the best in Asian consumer technology across 19 verticals including…
Tech vs the FCC: Silicon Valley’s Heavyweights Fight for Net Neutrality
A powerful tech lobby has urged the US Federal Communications Commission not to weaken rules on net neutrality–targeting the as-yet unfinished plans of its Republican chairman, Ajit Pai. The Washington DC-based Internet…
Numerix: Building Post-Crash Fintech Momentum
by Anam Alpenia Fintech is one of the most technology-oriented sectors in the world, with a long history. At the same time when airline reservations systems transformed the airlines, Michael Bloomberg and…
Here Are the Biggest Tech Stories of 2017
Few years have polarized public opinion as the one about to end. 2016 has seen political upheaval, heightened conflict and a sense, generally, that the things we once took for granted aren’t…