EU ends Amazon state aid case with no back taxes in its basket

Posted on November 28, 2024 by Techme101

Amazon can finally close the book on a long-running state aid saga in the European Union. The Commission confirmed Thursday it’s shuttered an investigation into whether Luxembourg, the Member State where Amazon has its EU HQ, had granted it “selective tax advantages.” The upshot is Amazon has no unpaid taxes to pay. The case dates […]
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From pond scum to premium skincare? Deep Blue Biotech is all in on blue-green algae to make better chemicals

Posted on November 28, 2024 by Techme101

Decarbonizing our economies in the race to fight climate change demands a wholesale overhauling of all sorts of production processes to make them as sustainable as possible. Greening chemicals, which are used as ingredients in all sorts of products, is where U.K. startup Deep Blue Biotech is putting its energies. The biotech startup founded in […]
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‘It’s so easy to lie’: A fifth of children use fake age on social media

Posted on November 28, 2024 by Techme101

The regulator finds a fifth of children are pretending to be adults, potentially exposing them to harm.

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Mark Zuckerberg dines with Donald Trump at Mar-a-Lago

Posted on November 28, 2024 by Techme101

Relations appear to have improved markedly from Trump’s threat earlier this year to throw the Meta boss in jail.

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Financial inclusion drives African fintech M-KOPA to $400M in ARR

Posted on November 28, 2024 by Techme101

An African fintech that has grown on the strength of a 30,000-strong team of direct salespeople is moving into profit country by sub-Saharan country. Now, M-KOPA, the pay-as-you-go asset financing platform serving 5 million underbanked Africans, is racing toward a major milestone: surpassing an annual revenue rate of $400 million by year-end. The London-headquartered fintech […]
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Shares of key chip suppliers jump as U.S. reportedly considers toned-down China curbs

Posted on November 28, 2024 by Techme101

ASML and Tokyo Electron shares rose after a report that the U.S. is considering sanctions on China’s chip industry that stop short of earlier proposals.

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Uber questioned by US regulator over subscription plan

Posted on November 28, 2024 by Techme101

The ride-hailing giant says it received inquiries from the FTC about Uber One cancellation procedures.

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Google Chat now has its own take on Slack’s Huddles

Posted on November 28, 2024 by Techme101

Google Chat is rolling out instant voice meetings — similar to Slack’s Huddles — that let you quickly switch to a voice or video call from within a chat. Google is not giving the feature a new name, though, opting to call the feature “Huddles” as well. If you are in a Google Chat, you […]
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HongShan, spun out of Sequoia last year, is reportedly struggling to invest its huge war chest

Posted on November 28, 2024 by Techme101

According to the Financial Times, HongShan, the Chinese investment firm spun off from Sequoia Capital in 2023, is aggressively expanding into Europe and North Asia owing both to “shrinking options” in China and to limited partners that have grown frustrated with how slowly HongShan is deploying the $9 billion in capital commitments it secured two […]
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India, already an IPO bright spot, prepares for bigger surge in 2025

Posted on November 28, 2024 by Techme101

India has bucked the global trend in initial public offerings this year, establishing itself as a rare bright spot for tech listings while other major markets face continued headwinds. The world’s most populous nation is now preparing for an even more substantial wave of startup IPOs in 2025. More than 20 startups are preparing to […]
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