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OTTAWA: Canada's first budget in two years, to be presented to parliament on Monday, proposes a sales tax for online platforms and e-commerce warehouses, a digital services tax for Web giants and a luxury tax on items like yachts, government sources familiar with the document said.
HONG KONG: Hong Kong-based online brokerage Futu Holdings Ltd has raised $1.24 billion by selling new shares at $130 a piece to help expand its margin financing business, two people with direct knowledge of the matter told Reuters.
KUALA LUMPUR: With Resorts World Las Vegas (RWLV) scheduled to officially open its doors on June 24, things are looking up for Genting Bhd in the long run.
Microsoft Corp on Tuesday met analysts' quarterly sales expectations and beat profit estimates, but its shares fell slightly as investors hoped for an even stronger performance after a year-long rally to a massive market valuation.
TOKYO: Japan's Sony Corp on Wednesday said it expects operating income to slip 4.3% this business year following record profit from sales of music, gaming and other content to people forced to stay at home by COVID-19 lockdown measures.
SAN FRANCISCO: Microsoft Corp yesterday met analysts’ quarterly sales expectations and beat profit estimates, but its shares fell slightly reflecting some scepticism about one-off benefits included in the results and high hopes after a year-long rally.
SAN FRANCISCO: Epic Games faces an uphill legal battle against Apple Inc in an antitrust trial starting Monday, and a defeat for the maker of "Fortnite" could make it harder for U.S. government regulators to pursue a similar case against the iPhone maker, legal experts said.
OAKLAND, Calif.: The chief executive of "Fortnite" creator Epic Games testified on Monday that he knew he was breaking Apple Inc's App Store rules by putting Epic's own in-app payment system into the game last year but wanted to highlight Apple's sway over the world's iPhone users, which now total 1 billion.