The Italian Revenue Agency has started the process of requiring Google to pay overdue taxes and penalties totaling one billion euros, or $1.07 billion. This is the result of an inquiry that was launched in December 2022 and focused on the years 2018 through 2022. Seven years have passed since Google and the authorities in Rome reached a big tax dispute settlement. Prosecutors in Milan are leading this latest inquiry, which asserts that Google neglected to report and pay taxes on income earned in Italy. The present issue is centered on Google’s digital infrastructure in Italy, which supports its operations…
Author: Business Emerge
Fisker, an electric car maker, is recalling more than 12,000 Ocean SUVs due to an issue with exterior door handles that may stick and fail to open. This is the third recall the business has issued this month. The National Highway Traffic Safety Administration (NHTSA) has opened four investigations into different faults with the Ocean SUV, which was designed to compete with Tesla’s best-selling Model Y crossover. “A door that fails to open can prevent occupants from exiting in an emergency, increasing the risk of injury,” according to the agency. To address this problem, Fisker will repair the defective door…
Warren Buffett gave $5.3 billion worth of Berkshire Hathaway stock to five different nonprofits. This was his biggest yearly gift since 2006. This large gift, which was revealed on Friday, is made up of about 13 million Class B shares of Berkshire Hathaway.
Shares of Nike experienced a significant decline of around 11% during extended trading on Thursday. This drop came after the company revealed its reduced full-year guidance and anticipated sales decline. The retailer projected a 10% decline in sales for the current quarter, citing weak sales in China and fluctuating consumer trends globally. Nike’s latest projections for fiscal 2025 sales reveal a significant decline, which stands in stark contrast to the optimistic predictions made by analysts. In the past, the company had anticipated an increase in sales. In addition, the company anticipates a decrease in first-half sales by a significant percentage,…
Microsoft has disclosed that unauthorized individuals gained access to their systems and obtained emails from both their staff and customers. This announcement comes about six months after Microsoft first revealed the breach.
The bank expressed its heartfelt apologies to clients who are experiencing challenges in accessing their personal online and mobile banking services, as mentioned on social networking site X. Nevertheless, no explicit cause for the interruption was given.
BeyonCa has recently revealed its intentions to establish a final assembly plant and international headquarters in Hong Kong. This move signifies the company’s commitment to expanding its operations and presence in the region.
Meta said it may restrict Facebook news material in Australia if the government demands licensing costs in a recent parliamentary session. Meta’s regional policy director, Mia Garlick, said “all options are on the table,” including stopping Australians from sharing news information, to avoid these payments.
Following this acquisition, Nokia will overtake Ciena and become second major player in the optical networking market just behind Huawei
Microsoft is facing charges from the European Commission for allegedly violating antitrust laws by including its Teams chat app in its Office 365 and Microsoft 365 subscriptions. This is the first time in 15 years that Microsoft has faced an antitrust charge in the EU. In the past, there have been cases involving the bundling of Windows Media Player and Internet Explorer. Microsoft has been charged by the European Commission for antitrust violations. The tech giant is accused of unlawfully bundling its Teams chat app with its Office 365 and Microsoft 365 subscriptions. Many view this move as providing Teams…