Business

Apple wins EU court case over $15 billion in claimed taxes

A European Union court on Wednesday delivered a hammer blow to the bloc's attempts to rein in sweetheart tax deals between multinationals and individual member countries when it ruled that technology giant Apple does not ...

Business

Tech sector job interviews assess anxiety, not software skills

A new study from North Carolina State University and Microsoft finds that the technical interviews currently used in hiring for many software engineering positions test whether a job candidate has performance anxiety rather ...

Business

Ericsson, Nokia say ready to step in after UK 5G Huawei ban

Network equipment providers Ericsson and Nokia, Huawei's biggest competitors, said Tuesday they were ready to step in after the UK announced it was phasing out the Chinese telecoms giant from its budding 5G network.

US banks set aside billions as buffer against bad loans

Three major US banks have set aside an additional $23 billion as a backstop against bad loans, highlighting the brittle state of the US economy due to the coronavirus pandemic, the companies said Tuesday.

Business

Trade wars with China could cost US universities $1.15 billion

Uncertainties around the trade war between the U.S. and China have hurt businesses and weighed on the global economy. However, new research from the University of California San Diego also shows lesser known consequence: ...

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