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1 billion Visa contactless purchases made in last year
Visa Europe cardholders make 1 billion contactless payments in 12 months 1.1 billion contactless transactions made by Visa cardholders across Europe in the last 12 months More than €12.6 billion spent...
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UK to close Tax Loopholes with 25% ‘Google tax’ initiative
The British Chancellor is set to close a number of tax loopholes used by Google, Amazon and other multinationals who have headquarters in Ireland. The Sunday Times reports that George Osborne will...
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Alibaba Invests $200 Million in Snapchat
Alibaba is investing $200 million in Snapchat, a source familiar with the deal said, striking its latest Silicon Valley deal as the Chinese ecommerce company builds up mobile services. The investment...
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UK Chancellor confirms ‘Google Tax’ to take effect in April
The UK Chancellor has confirmed, in his final budget before the election, that ‘Google Tax‘ will come into effect next month, from April 1. Companies that move their profits overseas to avoid tax will...
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Cyanogen completes $80 million round of Series C financing
Cyanogen has announced the completion of an $80 million round of Series C financing. The company will leverage the infusion of new funding to hire talent and accelerate the development of its open OS...
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SAP Announces First Quarter 2015 Results
Cloud Revenue up 131%, SAP Business Network Revenue up 207%. HANA Soars, Driving Cloud and Software Revenue up 24% Strong Growth in New Cloud Bookings: Up 121% Strong Topline Performance: Non-IFRS...
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Google reports strong Q2 2015 Results with revenues of $17.7 billion
Revenues of $17.7 billion and revenue growth of 11% year over year; constant currency revenue growth of 18% year over year Strong performance of core search business, particularly mobile, complemented...
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SAP Announces Second Quarter and First Half 2015 Results
SAP SE: Cloud Revenue up 129% – SAP Business Network Revenue up 194% Strong Growth in New Cloud Bookings: Up 162% Non-IFRS Cloud and Software Revenue Increased 21% to €4.06 Billion HANA Customers...
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AT&T Reports Second-Quarter Results, $33 billion in revenue
AT&T today reported solid second-quarter results with strong adjusted EPS growth, expanding margins and growing free cash flow. “These results reaffirm our transformation strategy,” said Randall...
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Amazon.com Announces Second Quarter Sales up 20% to $23.18 Billion
Amazon.com today announced financial results for its second quarter ended June 30, 2015. Operating cash flow increased 69% to $8.98 billion for the trailing twelve months, compared with $5.33 billion...
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LG Posts Modest $206M Profit In Q2 2015
LG today announced a modest net profit of KRW 226.4 billion (USD 206.38 million) for the second quarter of 2015, in an extremely challenging environment. In light of a sluggish global TV market and...
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Samsung Announces Second Quarter Results, $41.7 billion revenue
Samsung has announced financial results for the second quarter ended June 30, 2015. Samsung’s revenue for the quarter was KRW 48.54 trillion, a three percent increase quarter-on-quarter (QOQ), while...
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Sony mobile sales decline 16 percent, posts overall profit of $780 million
Sony today announced its consolidated financial results for the first quarter ended June 30, 2015 (April 1, 2015 to June 30, 2015). The company posted an overall revenue of $14.5 billion, a slight...
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Fitbit Reports Second Quarter 2015 Results, Revenues more than triple
Fitbit saw its revenue beat expectations and more than triple to $400m (£256m) in the second quarter of the year. Margins fell, however, due to higher spending on new products. Net income rose to...
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Google restructures, now owned by publicly traded umbrella company Alphabet
Google has announced a major restructuring of the company. Google will now be owned by a publicly traded umbrella company called Alphabet, which will be run by CEO Larry Page. Sergey Brin will be...
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Contactless Payments Increase to £30 in UK
Starting today, users will be able to authorize contactless transactions of up to £30 in the UK. This of course will also apply to Apple Pay. The good news is that the average shopping basket in the...
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PayPal Launches PayPal.Me, Request Money Using Your Own Personalized URL
PayPal has launched a new payment service called PayPal.Me where PayPal customers will be able to set up their own user profiles which are associated with a personalized URL (e.g. paypal.me/username),...
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Navmii launches £1M Crowdcube campaign to fund future Artificial Intelligence...
Navmii, the smart navigation and traffic app for drivers, has announced its first crowd-funded investment opportunity in partnership with leading crowdfunding site CrowdCube. Investors can help fund...
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Toshiba posts $318 million loss
Japanese conglomerate Toshiba has posted a net loss of 37.8bn yen ($318m; £209.3m) for the year to March. The delayed result follows the sale of its stake in Finnish firm Kone, in a bid to bolster its...
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HTC dropped from Taiwan share index
HTC has been dropped from the index of Taiwan’s 50 largest firms, following a 66% slide in its share price this year. The collapse in HTC’s share price means it is not big enough to be included in...
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