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Italy claims 1 billion euros in unpaid taxes from Google

MILAN (Reuters) - Italy is asking Google to pay 1 billion euros ($1.07 billion) in unpaid taxes and penalties, three sources with direct knowledge of the matter said on Friday, seven years after the

Baidu launches upgraded AI model, says user base hits 300 million

BEIJING (Reuters) - Chinese search engine giant Baidu on Friday unveiled an upgraded version of its artificial intelligence (AI) model, Ernie 4.0 Turbo, as it seeks to maintain its position in China's

Silicon Box picks Italy’s Piedmont region for $3.4 billion chip plant

ROME (Reuters) -Singapore-based semiconductor firm Silicon Box has picked the town of Novara, in the industrialised northwestern region of Piedmont, for its new multi-billion-euro chip factory in

Trump Media shares climb after Biden’s shaky debate showing against Trump

(Reuters) - Shares of Trump Media & Technology Group rose as much as nearly 13% in premarket trading on Friday after President Joe Biden's faltering performance against Republican rival Donald Trump

Financial industry grappling with AI’s gifts and perils, executives say

By Ross Kerber and Suzanne McGee CHICAGO (Reuters) - The spread of artificial intelligence-based systems offers big opportunities for financial services firms, executives say, but asset managers also

Thousands of HSBC customers suffer online banking outage in Britain

LONDON (Reuters) - Thousands of HSBC customers in Britain were unable to access online banking services on Friday, as the bank acknowledged an outage affecting some users of its website and banking

Apple’s May smartphone shipments in China up 39.6% y/y, data shows

BEIJING (Reuters) -Apple's smartphone shipments in China rose nearly 40% in May from a year earlier, extending a rebound seen in April, data from a research firm affiliated with the Chinese government

Nokia taps AI boom with $2.3 billion Infinera purchase

By Supantha Mukherjee STOCKHOLM (Reuters) - Nokia's bid to buy U.S. optical networking gear maker Infinera in a $2.3 billion deal puts the Finnish company on track to gain from the billions of dollars

Northvolt chair Snabe not likely to return after sick leave, Borsen report says

COPENHAGEN (Reuters) - Northvolt Chair Jim Hagemann Snabe, on sick leave since the beginning of the year, does not anticipate returning to his role at the Swedish lithium-ion battery manufacturer, he

Indonesia president orders audit of data centres after cyberattack

By Stefanno Sulaiman and Stanley Widianto JAKARTA (Reuters) - Indonesian President Joko Widodo ordered on Friday an audit of government data centres after officials said the bulk of data affected by a

On Camera

Arvind Subramanian on India having missed its chance to rationalise GST rates — ‘moment has passed’

Speaking at an event, the former CEA says he no longer thinks fuel & electricity should be included in GST and added that India has only now, 7 yrs later, reached pre-GST revenue levels.

Record 16.7% growth in defence production in a year — PSUs contribute 79.2% & private sector 20.8%

Ministry of Defence claims 60 percent rise in indigenous defence production in past 5 yrs, attributing it to policy reforms and soaring defence exports.

Modi’s new universe: the normal irritants of democracy & awkward chai with Rahul Gandhi

Changed reality for Modi govt in its 3rd innings is by no means rise of a new phenomenon. It's a return to old normal where even majorities had to routinely wrestle with storied million mutinies.