Results are out for Apple, Amazon and Google parent company Alphabet. Apple and Amazon both enjoyed record quarterly profits. At first glance Alphabet's bottom line looked much less rosy - it with a net loss of 3 billion dollars.
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.
Billions are expected to flow into Ireland's coffers through September as the tech giant shells out for 10 years of tax breaks that have been ruled illegal. Yet, Ireland and Apple continue to dispute the EU's orders.
The 62-year-old who was brought on as a mature hand for the infant Google in 2001 has announced his resignation from parent company Alphabet. Schmidt will remain on the board in an advisory capacity.
Online retailer Amazon is investigating its intelligent personal assistant Alexa, following reports that it has randomly laughed at users. The glitch has been commented on on Twitter and other social media platforms.
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