After a three-year probe, the European Commission has come to a decision regarding Apple’s alleged tax underpayments in Ireland, and the verdict isn’t good for the iPhone maker: It’s now on the hook for €13 billion ($14.5 billion), plus interest, in back taxes. It’s the largest fine the EU has ever doled out to a company, and significant even for a firm of Apple’s size.
This chart from Statista should help put the number into perspective. From 2003 to 2014 — the period to which the EU’s investigation and fine applies — Apple says it’s paid $4.89 billion in income taxes outside the United States. That’s over the course of 12 years. The EU’s fine asks for almost triple that.
Apple and Ireland both plan to appeal the ruling, a process that reportedly could push any decision back by three or four years. Apple itself says the effects here are more long-term than short-term, and if it does have to pay back the full amount, it won’t have that much trouble footing the bill. And again, the EU’s complaint is with Apple’s alleged “sweetheart deal” with Ireland, not foreign tax rates in general. Still, the ruling is unprecedented.
Read original article:
When a network takes on a project as big as the Olympics, you should expect an issue or two, but a new report indicates there may be a big reason the 2016 Olympics broadcasting had so many problems.
See original article here –
Blue stands for cooler temperatures, and red for warmer ones. Over time, these maps get really red. The post How Quickly Climate Change Is Accelerating, in 167 Maps appeared first on WIRED.
View original article:
DeepMind, a Google-owned AI research lab in London, has announced its plans to explore whether its technology can be used to help the NHS treat head and neck cancers.
Through a new partnership with University College London Hospital — the company’s third with an NHS organisation — Google DeepMind will aim to establish whether machine learning techniques could reduce the amount of time it takes to plan radiotherapy treatment for such cancers
Treating cancers that are found in the head and neck with readiotherapy requires a great deal of precision. Clinicians must “segment” the tumour from healthy tissue and feed this information into a radiotherapy machine which then kills off the harmful cells.
Producing these detailed outlines can take clinicians up to four hours but Google DeepMind thinks that this time could be slashed to around an hour.
“Our collaboration will see us carefully analyse anonymised scans from up to seven hundred former patients at UCLH, to determine the potential for machine learning to make radiotherapy planning more efficient,” Google DeepMind wrote on its website.
Head and neck cancers affect over 11,000 patients in the UK each year, according to Google DeepMind. The company pledged to treat patient data with the “utmost care and respect.” Google DeepMind has also worked with the NHS on an eyecare project and a kidney monitoring project.
See original article here –
On-Demand Geofilters from Snapchat let anyone build a custom filter for their event (or for whatever reason – I’m not judging your Snapchat filter needs), which was a petty good idea when the offering launched back in February. Today it becomes an even better idea, thanks to new templates that let users create their own customized geofilters without any special knowledge of… Read More
Read this article:
Calramon Mabalot is a pretty wild kid. He likes 3D printing and, along with his brother, he builds lots of cool projects – including a mechanical hand for a local teacher he met while building 3D projects. In an interview with 3DPrintingIndustry, Mabalot described how he designed and built a prosthetic hand complete with full articulated fingers.
Why did he want to build a 3D-printed arm? Read More
The Harvard Business Review recently posted, “How to know if someone is ready to be a manager.” I offer my own science-backed answer in this article.
See the original post:
Peter and Julie Vine, of Wrotham in Kent, spent £1,300 on a line of 127 shrubs to blot out road noise – but overnight all of their beloved trees were dug up and stolen from their garden.
Follow this link:
Gorgeous crystalline images come from a surprising source.
Alcoholic beverages like you’ve never seen them before.
India-based home design and furnishing company Livspace has closed a $15 million Series B round which will be used to fund an expansion into new cities. Read More
Originally posted here –
Google has released a new Crowdsource app for Android that lets users help improve the company’s maps, translate, and search services.
Read article here:
Apple says the decision will harmful for jobs and investment.
Continue at source:
The AA predicts a six month car-buying frenzy will start as drivers move to snap up cars with the new half-yearly ’66’ car registration plates – which begin this week on September 1.
A few days ago, Jeremy Corbyn insisted he does not feel ‘wealthy’. And yet the Labour leader has a salary of £137,000 a year, which is slightly more than five times the annual average wage of £26,500.
Thomas Jackson, 30, died from his horrific injuries at Townsville Hospital this morning – the second victim of the horrific attack at the Home Hill hostel in Queensland six days ago.
The 39-year-old found out after she got married last year that her own mother went through menopause at the age of 43 – making her realise that the ‘clock is truly ticking’.
Migrants first arrived unannoucned at the port in Calais, France, in 1997, just as Tony Blair’s New Labour government – with its laissez-faire immigration policies – came to power.
View this article:
“Ghost in the Shell” maker Production I.G. travels back in time for its new feature, “Miss Hokusai.”
The post ‘Miss Hokusai’ Trailer: GKIDS Sets U.S. Release for October appeared first on Cartoon Brew.
See original article:
The European Commission has carried out a three-year investigation into how Apple had paid a tax rate of less than one per cent on European sales in some years.
Did you get banned from playing Pokémon Go after downloading an app that you thought might make the game more fun? Well, it turns out that you might be able to get back into the smash hit title after all. Read More
Read this article:
Rosie and Ruby Formosa from Bexleyheath, South-East London, were born joined at the abdomen and their parents were told they would not survive but now the identical twins are starting school.
Link to original:
A car exploded near the Chinese embassy in Kyrgyzstan on Tuesday, killing its driver and wounding three people, the healthcare ministry said.
See the original article here –
Technology is upending workflow and processes in the financial services industry. Tasks once handled with paper money, bulky computers, and human interaction are now being completed entirely on digital interfaces. Given how pervasive financial services are across the globe, the disruption opportunity for fintech startups is massive.
Almost every type of financial activity — from banking to payments to wealth management and more — is being re-imagined by startups, some of which have garnered blockbuster investments. Meanwhile, the old guard is trying to solve a puzzle presented by the fintech revolution: How can they benefit from the rise of digital, and how can they avoid obsolescence?
In a new report from BI Intelligence, we provide a detailed overview of the fintech ecosystem, explain the challenges and opportunities for incumbents and startups and evaluate the key areas of finance being disrupted by new technologies. We also determine which financial sectors are most vulnerable, which are still shielded from immediate disruption, and what that means for new entrants and financial giants.
Companies mentioned in the report include: Lending Club, Stripe, Square, Apple, Western Union, JPMorgan Chase, Goldman Sachs, TransferWise, China Rapid Finance, Lufax, OnDeck, Dwolla, PayPal, Adyen, Simple, Moven, Ally, Capital One 360, Betterment, Wealthfront, Vanguard, Fidelity, Charles Schwab, Allstate, Oscar, Metromile, Azimo, Klarna, Number26, Atom Bank, LendingRobot, Earnest, and more.
Here are some key takeaways from the report:
Fintech — financial technology — is an umbrella term describing disruptive technologies in financial services. Fintech has transformed the way money is managed. It affects almost every financial activity, from banking to payments to wealth management. Startups are re-imagining financial services processes, while incumbent financial services firms are following suit with new products of their own.
Established players and startups face very different challenges. Banks are investing more heavily in innovation, however, they haven’t yet fully diffused their innovation strategies throughout their organizations. Meanwhile, startups are trying to navigate the regulatory landscape. Banks will have to find a way to develop new platforms while overcoming legacy infrastructure; startups will have to find a way to scale out their business while facing increased regulations, higher costs, and larger infrastructures that will be more difficult to change and manage.
The blockchain is a wild card that could completely overhaul financial services. Both major banks and startups around the world are exploring the technology behind the blockchain, which stores and records Bitcoin transactions. This technology could lower the cost of many financial activities to near-zero. This would have a dramatic effect on big banks, which currently face high operating costs. It’s also disruptive in that it could disintermediate many financial processes.
In full, the report:
Defines fintech and explains the main growth drivers of this new ecosystem.
Frames the challenges and opportunities faced by incumbents and startups.
Provides data on global and regional fintech investments, evaluating which regions are the most significant and which are poised for the highest growth.
Determines the financial sectors facing disruption and breaks them down in terms of investments.
Explains why blockchain technology is critically important to banks and startups, and assesses which players stand to gain the most from it.
Examines what banks and startups see as their greatest challenges in navigating this ecosystem.
Offers concluding thoughts on which sectors are the most vulnerable, which regions and segments will see the highest growth, and which new entrants and established players will fare the best during the migration to digital.
And much more.
Interested in getting the full report? Here are two ways to access it:
- BEST VALUE: Join our BI Intelligence INSIGHTS service level and gain immediate access to this report PLUS much more. >> START A MEMBERSHIP
- Purchase the report and download it immediately from our research store. >> BUY THE REPORT
The choice is yours. But however you decide to acquire this report, you’ve given yourself a powerful advantage in your understanding of the fast-moving world of financial technology.
Read article here:
Former Texas governor and two-time Republican presidential candidate Rick Perry reportedly will join the cast of ABC’s “Dancing With The Stars” for the upcoming season.
We knew that Team Flash was going to have its collective hands full when Season 3 of The Flash kicked off, considering how many villains were involved. And now there’s someone else that…
View this article:
50 Quotes On The Importance and Benefits of TeamworkIndividual contribution is important, but it’s teamwork that makes the dreamwork.