Latest Business News

• Apple spars with EU as $14 billion Irish tax dispute drags on
  Apple accused the European Commission of misunderstanding its business on day two of the iPhone maker's appeal against a $14 billion tax order, in a dispute that is key to the EU's drive to collect more taxes but which could also run for years.
  
• Facebook CEO Zuckerberg to meet with U.S. senators this week
  Facebook Chief Executive Mark Zuckerberg is on Capitol Hill this week to meet with senators as the social media giant faces scrutiny from both the Federal Trade Commission and members of Congress, the company confirmed on Wednesday.
  
• Huawei promises smartest 5G phone, but who will be brave enough to buy?
  Huawei [HWT.UL] launches what could be the world's most powerful and feature-packed 5G smartphone on Thursday, but the fate of the device in Europe will hang on whether it can overcome a U.S. ban to give customers the Google software they expect.
  



• 'Alexa, send $20 to my favorite presidential candidate'
  Amazon said on Wednesday it will make donating to a U.S. presidential candidate as easy as turning on the lights or replenishing a household's toilet-paper stocks, via its Alexa digital assistant.
  
• Tesla takes on Porsche with battle on Germany's toughest circuit
  Tesla wants to steal Porsche's bragging rights by testing its Model S on the northern loop of Germany's Nuerburgring circuit, using a marketing tool that German carmakers have long used to tout the superiority of their products.
  
• Comcast gives away Xfinity Flex TV device, pounding shares of Roku
  Comcast Corp said on Wednesday it will offer internet customers a free streaming media set top box that works with other services, stepping up competition with Roku Inc in the market for a device that organizes multiple subscriptions.
  
• U.S. social media firms say they are removing violent content faster
  Major U.S. social media firms told a Senate panel Wednesday they are doing more to prevent to remove violent or extremist content from online platforms in the wake of several high-profile incidents, focusing on using more technological tools to act faster.
  
• Facebook met UK officials three times before Libra announcement
  Facebook met British finance ministry, central bank and regulatory officials in the weeks before making public its plans for the Libra digital currency, responses to Reuters freedom of information requests show.