Deutsche Bank reports €497m loss for 2017 – 'Three A's' post strong financial results - Advertisers fork out Megabucks on Superbowl
The EU has unveiled a proposal to overhaul how multinational tech giants are taxed in the 28-nation bloc to prevent the companies from exploiting tax loopholes. The move is likely to exacerbate global trade tensions.
The US search engine giant will soon stop advertisements promoting cryptocurrencies such as Bitcoin and Ripple under wider efforts to crack down on the marketing of a new breed of high-risk financial products.
Silicon Valley titans such as Google and Facebook have recently come in for more criticism in Europe than ever before. They were the target of a strong warning from billionaire George Soros in Davos on Thursday night.
Booming sales of web services have boosted the profits of Microsoft and Amazon, while Google parent Alphabet reported solid growth in ad revenue that helped it cover rising costs of its "moonshot" projects.
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