Internet Giants

France passes law taxing digital giants in defiance of US anger

With the GAFA tax, an acronym for Google, Apple, Facebook and Amazon, France becomes the first major economy to tax tech giants, defying US President Trump's probe that could trigger reprisal tariffs. The new law aims at plugging a taxation gap

Colombo extends state of emergency – Sri Lanka attacks

President Maithripala Sirisena orders emergency for another 30 days, citing "public security," a month after deadly Easter bombings killed 258 people.

European Parliament approves EU copyright reform

EU lawmakers have endorsed a preliminary deal to rewrite the bloc's copyright rules, which will force tech giants like Google and Facebook to pay publishers and artists for using their work online.

Tesco and Carrefour teaming up to keep prices down

Tesco and Carrefour, two of Europe's biggest supermarket chains, are creating an alliance to wring better deals out of suppliers as traditional retailers battle increased competition from internet traders.