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TECHNOLOGY

Coronavirus threatens Apple supply chain, sales; shares drop

Shares of Apple Inc fell 2 % on Tuesday and dragged the stocks of its suppliers across the globe lower, after the iPhone maker warned of lower sales in the current quarter acknowledging that the coronavirus outbreak was pressuring its supply chain.

Dell to sell cybersecurity unit for $2.08 billion

Dell Technologies Inc said on Tuesday it would sell its cybersecurity unit RSA for $2.08 billion to a consortium led by Symphony Technology Group, Ontario Teachers' Pension Plan Board and AlpInvest Partners.

EU tax commissioner slams U.S. plans on tech tax

A global reform of the taxation of corporate digital revenues is very unlikely if the United States continues backing a "safe harbor" plan which would allow firms to choose how to be taxed, European Union tax commissioner Paolo Gentiloni said on Tuesday.

Facebook faces tax court trial over Ireland offshore deal

Facebook Inc is slated to begin a tax trial in a San Francisco court on Tuesday, as the Internal Revenue Service tries to convince a judge the world's largest social media company owes more than $9 billion linked to its decision to shift profits to Ireland.

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