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Walmart | May 26, 2020
Walmart de Mexico paid $358 million in taxes after talks with the Mexican government over an even larger sum authorities had aimed to charge the retailer for the sale of a restaurant chain, the company said on Monday. The pact comes as President Andres Manuel Lopez Obrador seeks to tighten tax enforcement in a country with the lowest take in the 36-nation Organization for Economic Co-operation and Development. On Monday, Lopez Obrador said collection was up this year from the first five months o...
Uber | April 21, 2020
Uber Technologies Inc. shares were up 2.5% Monday after the General Services Administration announced (link)an $810 million contract award with the ride-hailing service.
Apart from this, Uber has been looking to add new resources of revenue...
The U.S Department of Energy | July 28, 2020
The U.S Department of Energy (DOE) has unveiled its plans to develop a parallel national quantum network that is super-fast and unhackable and could be used by sensitive government departments and banks to send information, according to the Department of Energy. The blueprint of the network was revealed in an event at the University of Chicago on Thursday. The department detailed four research areas that need to be given priority for the technology to achieve completion and stated it could be fu...
Oracle | September 21, 2020
The President has announced that ByteDance has received tentative approval for an agreement with the U.S. Government to resolve the outstanding issues, which will now include Oracle and Walmart together investing to acquire 20% of the newly formed TikTok Global business. As a part of the deal, TikTok is creating a new company called TikTok Global that will be responsible for providing all TikTok services to users in United States and most of the users in the rest of the world. Today, the adminis...
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