EU Court to Rule May 12 on Amazon Appeal of Order to Pay EUR 250 Million in Back Taxes

Europe's second-highest court will rule on May 12 on Amazon's appeal of an EU order to pay about EUR 250 million (roughly Rs. 2,230 crores) in back taxes to Luxembourg.

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How to Highlight Text in Your Videos Using Adobe Premiere Pro, Plus More Tips

Premiere Pro how to highlight text in your videos: Highlighting text in your videos when you are showcasing a screenshot or an image can grab your viewers' attention.

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SpaceX Asked by NASA to Halt Lunar Lander Work Pending Contract Challenges

NASA has told Elon Musk's SpaceX to halt work under a contract it won to develop a lunar spacecraft, pending the outcome of challenges by rival bidders at the US Government Accountability Office, the agency said.

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Moto G40 Fusion to Go on Sale in India Today via Flipkart: Price, Specifications

Moto G40 Fusion is set to go on sale in India today via Flipkart at 12pm (noon). The Motorola phone comes with a 120Hz display and a Qualcomm Snapdragon 732G SoC.

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Andreessen Horowitz plans $1 billion cryptocurrency VC fund: Report

The new fund is aiming to raise between $800 million and $1 billion from investors, the report said, citing people familiar with the matter.

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Twitter may struggle to replicate bumper 2020 growth: Analysts

Twitter shares sank more than 12% on Friday after the social media company warned the current quarter could be its worse as it eyed a weaker 2021.

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Jio Braves COVID-19 Challenges to Post 47.5 Percent Net Profit Jump to Rs. 3,508 Crores in Q4 2021

Reliance Jio has recorded a 47.5 percent YoY net profit in Q4 2021, recording a jump to Rs. 3,508 crores. The company said in a statement that despite COVID-19 related challenged, Jio closed its first full year of operations with revenue of Rs. 73,503 crores.

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China's Ximalaya, Qiniu file for U.S. IPOs

The largest online audio platform in China, Ximalaya had 250 million average monthly average users in the first quarter of 2021, according to a regulatory filing.

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Intel seeks $10 billion in subsidies for European chip plant

Pat Gelsinger, on his first European tour since taking charge, met European Commissioner Thierry Breton in Brussels on Friday.

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Tech companies set up biz continuity plans

Companies have increased insurance cover, set up Covid helplines, home quarantine facilities and mental wellness programmes for employees and their families.

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Telangana gets nod for experimental delivery of Covid jabs using drones

The approvals come at a time when India is looking to ramp up its Covid-19 vaccination programme, as cases continue to surge across the country.

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SeasonWatch Is an Indian Initiative to Track Climate Change by Observing Trees

SeasonWatch is a citizen science project aimed at understanding the seasonality of trees, and the effects of climate change on this seasonality, across India. Students from more than 1200 schools and more than 1100 interested individuals contribute weekly information on tree species that are commonly found across the country.

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India Inc steps up with coronavirus care centres for employees hit by second wave

Employees recuperating at these centres will have access to nurses and doctors, even oxygen, while for more serious cases, the necessary medical help/hospitalisation will be arranged as available. These centres, meant largely for mildly symptomatic/asymptomatic cases, are especially useful for people who live alone or in small homes with family and would otherwise face difficulty in isolating.

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A $42-billion joke

We take a closer look at Dogecoin, a cryptocurrency that started as a joke in 2013 but is currently the world's seventh-largest digital coin.

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Startups withdraw internships offers to B-school students amid second wave of Covid-19

From cybersecurity to business-to-business sales and mid-sized startups, companies across sectors have informed B-school placement cells that the internships are on hold or that they would not pay stipends

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Samsung Leads as Global Smartphone Shipments Record 27 Percent YoY Growth in Q1 2021

Smartphone shipments worldwide grew 27 percent on a year-on-year basis in the first quarter of 2021, as per a report by Canalys. The market research firm said that smartphone vendors shipped a total of 347 million smartphones. The growth has been attributed to regions like Europe that are recovering from the COVID-19 pandemic.

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‘Disaster Girl’ Zoe Roth Turns Her Meme Into $500,000 NFT

The girl had shot to Internet fame after her father had shot a photograph of her smiling in front of a burning house in 2005.

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Amazon caps blockbuster Big Tech earnings reports

The e-commerce colossus is among the internet giants whose businesses thrived as precautions against Covid-19 led people around the world to go online for work, school, shopping and socializing.

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Ranjan Pai's family office invests Rs 40 crore in Finnable

Finnable has built a digital lending platform that approves loans in real-time to customers who are unable to approach the banks for their immediate loan requirement

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iPhone 12, iPhone 12 mini in Purple Colour Now Available in India; AirTag Goes on Sale as Well

iPhone 12 and iPhone 12 mini Purple colour variant and AirTag are now on sale in India, just days after their debut at Apple’s Spring Loaded event last week. Apple is also set to start taking pre-orders for the iPad Pro (2021), iMac (2021), and Apple TV 4K (2021) later today.

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Army of the Dead, Lucifer, Toofaan, and More: May 2021 Guide to Netflix, Disney+ Hotstar, and Prime Video

Radhe, Army of the Dead, Lucifer season 5 part 2, Love Death + Robots season 2, Toofaan, Sardar Ka Grandson, Castlevania season 4, Star Wars: The Bad Batch, Jupiter’s Legacy, Master of None season 3 — the biggest movies and TV shows on Netflix, Disney+ Hotstar, Amazon Prime Video, Zee5 and Apple TV+ in May 2021.

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IBM to Acquire Software Provider Turbonomic for Over $1.5 Billion

IBM said it has agreed to acquire Turbonomic, a provider of software that helps companies monitor the performance of their business applications, the latest in a series of cloud computing acquisitions by the tech giant.

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Microsoft to Take Smaller Cut From Video Game Developers: Report

Microsoft will cut its charges for video game developers who publish games in its online store, starting August, the New York Times reported.

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Persistent Systems net profit up 64.3% in Q4-FY21

Revenues of the Pune-headquartered company were up 20.2% to Rs 1,113.35 crore and up 20.3% at $152.82 million in dollar terms.

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Wipro raises forecast after completing Capco acquisition, to grow 8-10% in Q1

Wipro had forecast earlier that it expects revenue to grow 2-4% in the range of $2.19 billion to $2.23 billion, as global clients signed up the company to transform their technology and shift to digital.

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Twitter says it will engage openly if government asks for tweet removal

To put the spotlight on credible conversation on the pandemic in India, Twitter has launched a dedicated Covid-19 hub that one can navigate to via the Explore tab.

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NASA Postpones Mars Ingenuity Helicopter’s Fourth Flight Due to Software Glitch

NASA's Mars Ingenuity helicopter missed its fourth scheduled flight on Thursday, with the space agency blaming a software glitch and vowing to try again the next day.

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Twitter Warns of Rising Costs, Slow User Growth as Pandemic Boost Fizzles; Meets Revenue Expectations

Twitter posted revenues and user numbers mostly in line with analyst estimates in stark contrast to the better performing digital ad firms like Facebook and Alphabet.

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Palantir's Alex Karp gets $1 billion payday in 2020

Known for its work with the Central Intelligence Agency and other government bodies, Palantir went public in September and has gained more than two-and-a-half times its debut price.

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Amazon Expects Sales Windfall as US Economy Reopens, Posts Record Profits

Amazon, one of the biggest winners of the pandemic, posted record profits and signalled that consumers would keep spending in a growing US economy and converts to online shopping are not likely to leave.

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Route Mobile to buy AI firm Phonon for Rs 29 crore

Phonon offers a complete suite of conversational AI-driven contact centre solutions with integration on cloud platforms like AWS, Azure, and Google Cloud.

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Twitter breaks tech's blockbuster streak

Twitter posted revenues and user numbers mostly in line with analyst estimates in stark contrast to the better performing digital ad firms like Facebook and Alphabet.

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Has Netflix Peaked?

The subscriber shortfall in the last quarter points to how the streaming pioneer is naturally losing the ability to add so many customers.

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Fitness and meditation apps see increased usage as Indians ease out stress

Downloads have gone up by about 50% as physical and mental well-being takes centre stage.

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Deal with it

In today's ETtech Morning Dispatch: Tata-BigBasket deal; Byju's may land new funds; and GreyOrange eyes US listing.

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Amazon posts record profits amid pandemic boom

Since the start of the coronavirus outbreak, shoppers have relied increasingly on Amazon for delivery of home staples, and the company sees this trend continuing post-pandemic, particularly for groceries.

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Robotics company GreyOrange eyes $600 million via US listing

The artificial intelligence robotics company may be valued at $1.5-1.7 billion

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Ministry of Corporate Affairs nudges Sebi on startups listing rules

A startup that has listed on the IGP platform can migrate to the mainboard provided the company meets several conditions, including a profit of at least Rs 15 crore in the last three years

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Facebook says it blocked hashtag calling for PM's resignation by mistake

The development comes amid reports that social media companies are being asked to remove posts that are critical of the government's handling of the coronavirus pandemic.

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Gartner forecasts India public cloud end-user spending to total $4.4 billion in 2021

Software-as-a-Service (Saas) and cloud management and security services will show double-digit growth in India for the first time

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Tencent Said to Face Substantial Penalty From China in Antitrust Crackdown

China is preparing a substantial fine for Tencent as part of its sweeping antitrust clampdown on the country's Internet giants, but it is likely to be less than the record penalty imposed on Alibaba earlier this month, two people with direct knowledge of the matter said.

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Netflix’s Play Something Button Rolls Out for All Users Globally

Netflix’s shuffle play “Play Something” button on TV is here for everyone. You hit the Play Something button and Netflix will pick a title from its catalogue — a film or a TV show — that draws on your existing tastes.

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PUBG Lite Will Not Be Playable Anymore From Today, April 29; Player Support Ending on May 29

PUBG Lite has reached its end of service as of today, April 29 and players will no longer be able to play the game like they did. The player service will remain active till May 29 and the Facebook page will remain live till further notice.

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Xiaomi Retains Top Spot as India Smartphone Market Sees 11 Percent YoY Shipment Growth in Q1 2021: Canalys

Smartphone shipments in India grew 11 percent on a year-over-year basis in the first quarter of 2021, as per a report by Canalys. The market research firm said that smartphone vendors shipped a total of 37.1 million smartphones in the country. The growth has been attributed to COVID-19 crisis that pushed the use of smartphones for remote education and work from home.

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Spotify Now Has 158 Million Subscribers, Company Posts Rare Profit

Spotify posted rare net profit in the first quarter and a sharp increase in paid subscribers as the music streaming giant launched in dozens of new markets, but disappointing total users sent shares tumbling. The company said in a press release that it now has 158 million subscribers.

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Facebook blocks #ResignModi posts for hours as India's Covid crisis grows

​Facebook said it barred the hashtag by mistake and not at the behest of the government, without elaborating. Facebook periodically blocks hashtags for a variety of reasons, some manually but many also based on automated internal guidelines.

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Luca Trailer Out Now, Sets Up Pixar’s Coming-of-Age Italian Adventure

Pixar’s Luca gets a new trailer. Luca release date is June 18 on Disney+ and Disney+ Hotstar. Jacob Tremblay and Jack Dylan Grazer lead Luca voice cast. Enrico Casarosa directs.

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Vivo V21 5G to Launch in India Today: How to Watch Livestream, Expected Price and Specifications, More

Vivo V21 5G is all set to launch in India today. The phone was unveiled in Malaysia just two days ago and now it is set to arrive to the Indian market. The launch event in India will be livestreamed for all users to see. It will begin at 12pm IST.

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Facebook Benefits From Pandemic Ad Spending but Warns Apple Privacy Policies Could Spoil Its Party

Facebook beat Wall Street expectations for both quarterly revenue and profit but warned that growth later this year could "significantly" decline as new Apple privacy policies will make it more difficult to target advertisements.

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#ResignModi: Facebook Blocks Posts ‘by Mistake’ for Hours as India’s COVID-19 Crisis Grows

Facebook blocked posts tagged #ResignModi before restoring them hours later, stoking a controversy that’s erupted over government requests to remove social media content as India grapples with an escalating COVID-19 crisis.

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Apple Rides 5G iPhone Demand to Soar Past Sales, Profit Targets; Warns of Chip Shortages

Apple posted sales and profits ahead of Wall Street expectations fuelled by 5G iPhone upgrades but warned a global chip shortage could dent iPad and Mac sales by several billion dollars.

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Competition Commission gives nod to BigBasket’s 64% stake sale to Tata Digital

Tata Digital is likely to buy out Alibaba, which holds 27.58% stake and Actis LLP, which acquired several portfolios of scandal-hit Abraaj Group.

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India and other emerging markets have done "incredibly well": Apple CFO

Apple registered more than one million shipments for two consecutive quarters to India for the first time in Oct-Dec and Jan-March, according to market research firm Counterpoint Research.

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upGrad in talks to raise $40 million at $850 million valuation

Singapore’s sovereign fund Temasek wrote a cheque of $120 million as upGrad’s first external investor this week.

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Apple soars past sales, profit targets with strong iPhone demand, warns of chip shortages

Apple had thrived through the coronavirus pandemic as home-bound consumers stocked up on electronic devices and signed up for paid apps and services for fitness and music, and sales shot up even higher as Apple released 5G iPhone models last fall.

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Facebook benefits from pandemic ad spending but Apple could spoil its party

A surge in digital ad spending during the pandemic when consumers shopped online, along with higher ad prices, helped Facebook revenue surge 48%

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CoWin, CoWin, gone

In today's ETtech Morning Dispatch: CoWin faces tech glitches again; Zomato's historic IPO; and FirstCry plans Thrasio-like investment venture

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CoWin glitches trigger social media ire, govt terms it unfair

The resulting furore on social media grew louder as even those who managed to register soon discovered there were no appointments available for people below 45 years

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Nearly 47% of founders see startups growing at good clip in survey

Almost 88% of early-stage ventures are looking to raise funds in the next 3-6 months, the survey showed

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ETtech Exclusive: FirstCry to launch $75-million Thrasio-style investment venture

The country's largest venture will have capital committed by SoftBank , TPG and Premji Invest

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ElasticRun raises $75 million led by existing investors

The latest round values the company at $400 million post-money and will help expand its reach further into rural markets

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Zomato files for $1.11 billion IPO as food delivery surges in pandemic

In February, the company raised $250 million from five investors including hedge fund Tiger Global Management for a post-money valuation of $5.4 billion.

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InMobi launches in-game advertising for global grands and agencies

The exchange will enable brands to reach premium mobile users, with ads that blend into the game environment.

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InfoBeans announces Rs 10 crore share buyback plan

InfoBeans is a digital transformation and product engineering firm, and has over 950 employees across the United States, Europe and Asia.

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Amazon removes listings of Covid devices selling above MRP

Prices of oxygen concentrators, oximeters and nebulisers have surged 50-100% over the past ten days, with a huge demand-supply mismatch amid the second wave of the coronavirus pandemic.

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Samsung Galaxy M42 5G to Launch in India Today: Expected Price, Specifications, More

Samsung Galaxy M42 5G is all set to launch in India today. The launch event is scheduled to begin at 12pm IST and the phone is already confirmed to be available via Amazon. Samsung Galaxy M42 5G is seen to sport a waterdrop-style notch. On the back, the phone may feature a quad camera setup in a square-shaped module. The phone is seen to have a multi-coloured striped ...

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Apple Fined $12 Million by Russia for Alleged App Market Abuse

Russia said it had fined Apple $12 million (roughly Rs. 90 crores) for alleged abuse of its dominance in the mobile applications market, in the latest dispute between Moscow and a Western technology firm.

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Google Parent Alphabet Rides High Online Consumer Activity to Post Record Profit, Plans $50 Billion Buyback

Google owner Alphabet reported record profit for the second consecutive quarter and a $50-billion (Rs. 3,72,780 crores) share buyback but warned a surge in usage and advertising sales during the pandemic may slow as people resume in-person activities.

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Regulation may be needed for Apple, Google app stores if changes not made: Australian regulator

The global dominance of Apple's App Store and Google's Play Store has been criticised by some app makers for mandatory revenue sharing payments and strict inclusive rules by both companies.

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Bharti-backed OneWeb to raise $550 million from France's Eutelsat

Eutelsat, a geo-stationary satellite operator, will be a significant equity partner and enjoy similar governance rights to the UK government and Bharti Global, who co-own OneWeb.

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Instagram to Create Marketplace to Connect Brands, Influencers; Will Help Creators Earn From Recommendations

Facebook CEO Mark Zuckerberg said the company will build new features starting with Instagram for content creators to earn money from recommending products on the app and a marketplace to help connect brands with influencers.

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How Dozee’s Contactless Patient Monitoring System Is Helping Build ICU Beds During This COVID-19 Crisis

With startup culture thriving in India and the need for ‘going local’ becoming increasingly popular, we take a look at all the hottest tech startups grabbing headlines in the country. Gadgets 360 talks to Dozee co-founder and CEO, Mudit Dandwate to know of the company’s history, growth, and future plans. We also talk to experts to understand what this startup ne...

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Freshworks hires banks for IPO: Report

Freshworks plans to confidentially submit paperwork for the offering to the U.S. Securities and Exchange Commission in the coming weeks, according to people familiar with the matter.

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U.S. antitrust senators query Google over testimony meddling concerns

During the hearing, Match's Chief Legal Officer Jared Sine said a Google executive had called Match to ask why Sine's planned testimony, which had just been released, deviated from previous comments the dating company had made.

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Fintech startup Current valuation triples after Andreessen funding

Current plans to use the new funds raised to expand its product portfolio, including cryptocurrencies.

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Pinterest's user growth slows as pandemic curbs ease

With pandemic restrictions easing across the world, people are dialing down time spent on social media, but a boom in ad spending by companies helped soften the hit from tepid user growth.

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Microsoft profits soar amid surging cloud demand

People working and studying from home bought new PCs and video consoles, spurring Microsoft Windows operating system and video game businesses.

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Alphabet sets profit record, plans $50 billion buyback

With online consumer activity remaining elevated in the first quarter, Alphabet beat analysts' revenue estimates and nearly surpassed the sales record it set in the fourth quarter.

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EU case against Apple over Spotify 'imminent'

Apple is gearing up for an epic battle with Facebook over its new policy on better protecting the personal data of iPhone users.

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Russia fines Apple $12 million for alleged app market abuse

Western tech companies have come under increasing pressure in Russia in recent months, with social network Twitter punitively slowed down over a failure to delete content which Moscow says is illegal.

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