Daily Archives: September 12, 2019

Facebook’s Libra should be blocked in Europe, France says

“All these concerns about Libra are serious. I therefore want to say with plenty of clarity: in these conditions, we cannot authorise the development of Libra on European soil.” Although Libra would not be decentralised, like other cryptocurrencies, control would be give to a Switzerland-based non-profit association. But in another …

Read More »

Google to pay €1bn to end French tax probe

Image copyrightGETTY IMAGES Google is to pay French authorities almost €1bn (£900m) to end a long-running investigation into its taxes. The settlement includes a €500m fine and additional taxes of €465m, but it is less than the tax bill authorities had accused Google of evading. It rounds off a four …

Read More »

US gun laws must be stricter, say business chiefs

Image copyrightREUTERSLevi Strauss boss Chip Bergh was one of the signatories The leaders of 145 US companies have sent a letter urging Congress to enact stricter gun laws as pressure builds on lawmakers to respond to gun violence. The letter  calls on Congress to expand background checks and create new …

Read More »

Huawei chief offers to share 5G know-how for a fee

Image copyrightGETTY IMAGESRen Zhengfei says a Western buyer could modify his firm’s products to meet the US’s security concerns Huawei’s chief executive has proposed selling its current 5G know-how to a Western firm as a way to address security concerns voiced by the US and others about its business. Ren …

Read More »

Eurozone gets fresh help to bolster flagging growth

Image copyrightGETTY IMAGESMario Draghi said the ECB had cut its forecasts for both inflation and economic growth The European Central Bank has unveiled fresh stimulus measures to bolster the eurozone, including cutting a key interest rate. The deposit facility rate, paid by banks on reserves parked at the ECB, was …

Read More »

Solheim Cup preview: Europe seek to regain trophy from United States

Juli Inkster and Catriona Matthew either side of the cup’s creator Karsten Solheim Solheim Cup Date: 13-15 September Venue: Gleneagles, Scotland Coverage: Full live text commentary on the BBC Sport website and app followed by an hour-long highlights show on BBC Two or BBC Four each day that will also be available on BBC …

Read More »