Search results for "tech giant"

Governments remind tech giants they are not above the law

After almost ten years of investigation, Apple and two of its wholesale distribution partners have been fined a total $1.24 Billion. Apple will pay a record $1.1 Billion – now, the highest fine ever, issued by the French Competition Authority. Tech Data will have to pay €76,107,989, and Ingram Micro €62,972,668. The companies have been […]

Tech giants gear up for the new era of FinTech

Tech giants are predicted to take up to around 40% of the $1.35 trillion in US financial services revenue from incumbent banks. Three of the largest US based, multinational tech companies — Apple, Google, and Amazon — are increasing their scope and slowing encroaching on financial services and the new era of FinTech. This is […]

China targets tech giants in app privacy crackdown

BEIJING (AP) — Chinese tech companies including social media giant Tencent were ordered by regulators on Thursday to clean up how their apps handle user information or face possible penalties. The order is the latest in a series of crackdowns by Communist authorities who encourage internet use but are steadily tightening censorship and other controls […]

Chip Giant Taiwan Eyes Bigger Tax Breaks for Tech R&D to Retain Competitive Edge

Taiwan on Thursday proposed larger tax breaks for technology companies’ research and development (R&D), seeking to retain its leading position in semiconductor manufacturing as other countries offer billions to bolster their chip industries. The economy ministry said it is imperative for Taiwan to remain competitive as countries including the United States, Japan and South Korea […]

Telecom Giants Aiming for Peak Fintech Adoption

Financial innovations are happening globally, with telecom companies aiming to be critical players and thrive alongside and by utilizing fintech solutions and finding a footing in the fintech space. Experts note that the shift into digital aspects will be permanent. Smartphones currently power financial services and payments, allowing access to revitalized data, embracing technological innovations, […]

Australian Retail Giants Targeted in Facial Recognition Tech Complaint

A major consumer group has referred three of Australia’s biggest retail chains to the privacy regulator, saying they use “unreasonably intrusive” facial recognition technology on customers and recommending enforcement action. CHOICE, in a complaint to the Office of the Australian Information Commissioner (OAIC) published on Monday, said use of the technology at JB Hi-Fi Ltd’s […]