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Apple to Build 2nd Campus, Hire 20,000 in $350B Pledge

Saturday, 20 January 2018 04:29 WIB Apple Apple Inc.

Apple is planning to build another corporate campus and hire 20,000 workers during the next five years as part of a $350 billion commitment to the U.S. economy. The pledge announced Wednesday is an offshoot from the sweeping overhaul of the U.S. tax code championed by President Donald Trump and approved by Congress last month. Besides dramatically lowering the standard corporate tax rate, the reforms offer a one-time break on cash being held overseas. Apple plans to take advantage of that provision to bring back more than $250 billion in offshore cash, generating a tax bill of roughly $38 billion. The Cupertino, California, company says it will announce the location of a second campus...

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Amazon's Jeff Bezos Now World's Richest Man

Friday, 19 January 2018 10:33 WIB Global

Amazon.com CEO Jeff Bezos is now the richest person of all time, with a fortune of $105.1 billion, according to financial news outlet Bloomberg. With the stock market soaring to new heights in the first few days of 2018, Bezos' fortune rocketed...

A bus fire in northwestern Kazakhstan killed 52 Uzbek citizens on a route used by migrant workers heading to Russia, the Kazakh Interior Ministry said Thursday. The bus was traveling along a road in the remote Aktau region that links the Russian...

Italy: 1,400 Migrants Rescued at Sea

Thursday, 18 January 2018 09:17 WIB Global

About 1,400 migrants were rescued from overcrowded boats Tuesday off the coast of Libya, according to the Italian coast guard. Two bodies were also recovered from the boats. No details about their nationalities were immediately available. Though...

Seven people have been shot dead by police in Myanmar's troubled Rakhine state. Officials say at least 4,000 people surrounded a government building late Tuesday in the town of Mrauk U, shortly after an annual ceremony marking the end of the...

UBM, Informa in talks for $5.3 bln merger

Wednesday, 17 January 2018 20:02 WIB Global

UBM PLC (UBM.LN) and Informa PLC (INF.LN) on Wednesday set out the proposed terms of the potential 3.83 billion-pound ($5.27 billion) takeover of UBM by publisher and events company Informa, and said that talks are continuing. Under the terms of...

Is Britain Heading for a Re-Run Brexit Vote?

Wednesday, 17 January 2018 10:43 WIB Global

Pressure is growing on British Prime Minister Theresa May to hold a second Brexit referendum, and the idea is beginning to attract backing from across the political spectrum, even from unlikely figures, including leading Brexiter and the one-time...

North Korea Mocks Trump's 'Nuclear Button' Boast

Wednesday, 17 January 2018 04:20 WIB Global

North Korea has issued another salvo in the war of words with U.S. President Donald Trump, calling a recent boast about the size of his "nuclear button" as compared to Kim Jong Un's as the "spasm of a lunatic." The latest round of rhetorical...

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