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By Foo Yun Chee BRUSSELS (Reuters) - EU antitrust regulators ordered Apple on Tuesday to pay up to 13 billion euros ($14.5 billion) in taxes plus interest to the Irish government after ruling that a special scheme to route profits through Ireland was illegal state aid. The massive sum, 40 times bigger than the previous known demand by the European Commission to a company in such a case, could be reduced, the EU executive said in a statement, if other countries sought more tax themselves from the U.S. tech giant. Apple, which with Ireland said it will appeal the decision, paid tax rates on European profits on sales of its iPhone and other devices and services of between just 0.005 percent in 2014 and 1 percent in 2003, the Commission said. more...


By Jonathan Spicer NEW YORK (Reuters) - Six U.S. senators have urged President Barack Obama to prioritize cyber crime at this weekend's Group of 20 summit in China, in the wake of the theft of $81 million from Bangladesh's central bank, according to a letter obtained by Reuters. In the letter sent to the White House ahead of the Sept. 4-5 summit, Sherrod Brown, a senior Democrat on the Senate Banking Committee, and five other Democratic senators say they want the U.S. president to press leaders from the world's 20 biggest economies to commit in joint communiques to a "coordinated strategy to combat cyber-crime at critical financial institutions." The letter, dated Monday, suggests that concern among U.S. lawmakers is growing over the February incident in which hackers breached Bangladesh Bank's systems and used the SWIFT banking network to request nearly $1 billion from an account held at the Federal Reserve Bank of New York. more...


By Heather Somerville SAN FRANCISCO (Reuters) - Alphabet executive David Drummond, who has been a director on the Uber Technologies Inc [UBER.UL] board for close to three years, has stepped down, the ride-hailing firm confirmed on Monday. Drummond joined the board after Alphabet's venture capital arm GV in 2013 invested about $250 million in Uber, among the firm's largest investments and a deal in which Drummond was involved. "I recently stepped down from Uber's board given the overlap between the two companies," Drummond said in a written statement sent to Reuters. more...


By Charlotte Greenfield WELLINGTON (Reuters) - A New Zealand judge gave permission on Tuesday for the hearing of German tech entrepreneur Kim Dotcom's appeal against his extradition to be streamed on YouTube, making it the country's first court case to be broadcast on the Internet. The six-week hearing opened in Auckland this week, nine months after a lower court ruled Kim Dotcom could be sent to the United States to face copyright infringement and money-laundering charges over the filesharing website Megaupload. The case has been closely watched by the media industry and developers in the file-sharing business for signs of how far the United States is willing to go to protect U.S. copyright holders. more...


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