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BUSINESS

Trump threatens EU auto industry over bloc's trade war retaliation

AFP, Published on 04/03/2018

» WASHINGTON: US President Donald Trump on Saturday threatened a tax on cars from the European Union if it enacts retaliatory measures in response to his announced plans for tariffs on imported steel and aluminum.

BUSINESS

Bruising Qualcomm-Broadcom battle heads for showdown

AFP, Published on 04/03/2018

» SAN FRANCISCO: With a potential for the biggest-ever deal in the tech sector at stake, Qualcomm shareholders will have their say on a hostile bid for the US mobile chip giant by Singapore-based rival Broadcom.

BUSINESS

EU aims to tax internet giants at '2 to 6%': France

AFP, Published on 04/03/2018

» PARIS: The European Union will soon unveil a plan for taxing major internet companies like Amazon and Facebook by imposing a levy of 2 to 6% on revenues in every country where they operate, French Finance Minister Bruno Le Maire said Sunday.