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The Gillette Group headquartered in Trinidad and Tobago and founded in 1983 under the banner of Computers and Controls Ltd., has twenty - two years later, grown beyond the boundaries of Trinidad and Tobago, extending its business interests across the Caribbean region and into North America... more

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OECD official says EU Apple ruling not precedent for future tax cases
Mon, 26 Sep 2016 14:55:02 -0400

Apple Operations International, a subsidiary of Apple Inc, is seen in Hollyhill, CorkA multi-billion euro back tax bill handed to Apple by the European Commission should not be seen as a precedent for future tax cases as it was based on state aid rather than tax law, the OECD official spearheading global tax reform said on Monday. European Union antitrust regulators last month ordered Apple to pay up to 13 billion euros ($14.6 billion) in back taxes to the Irish government after ruling that a special scheme to route profits through Ireland constituted illegal state aid. Pascal Saint-Amans, who is leading the Organisation for Economic Co-operation and Development's flagship Base Erosion and Profit Shifting (BEPS) project, said that under the new OECD rules, most of the tax from U.S. technology multinationals like Apple should be due in the United States, not Ireland.


Senator seeks SEC probe of Yahoo disclosure on hacking
Mon, 26 Sep 2016 14:08:48 -0400

File photo of a man walking past a Yahoo logo during the Mobile World Congress in BarcelonaBy Dustin Volz WASHINGTON (Reuters) - Democratic Senator Mark Warner on Monday asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives fulfilled obligations to inform investors and the public about a hacking attack affecting 500 million user accounts. "Disclosure is the foundation of federal securities laws, and public companies are required to disclose material events that shareholders should know about," Warner said in a letter to SEC Chairwoman Mary Jo White. Yahoo has faced pointed questions about exactly when it knew about the 2014 cyber attack announced last week that exposed the email credentials of half a billion accounts, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover of its core business by Verizon Inc .


SWIFT says bank hacks set to increase
Mon, 26 Sep 2016 12:23:10 -0400

Photo illustration of the SWIFT logoBy Tom Bergin GENEVA (Reuters) - SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase. The theft of $81 million in February from Bangladesh's central bank using SWIFT messages rocked faith in the system whose messages had, until then, been accepted at face value. SWIFT Chief Executive Gottfried Leibbrandt told the Sibos conference in Geneva on Monday that hackers breached the systems of two banks over the summer and a third bank repelled an attack before fraudulent SWIFT messages could be sent.


Renault, Nissan partner with Microsoft for connected car technology
Mon, 26 Sep 2016 10:28:39 -0400

The logo of Microsoft is pictured in Issy-les-Moulineaux(Reuters) - Renault SA's carmaking alliance with Nissan Motor Co is partnering with Microsoft Corp to develop cloud-based services for cars, a step toward the group's plans to build self-driving automobiles by 2020. The services, based on Microsoft's Azure cloud service, will include advanced navigation, predictive maintenance and over-the-air software updates. Renault and Nissan plan to launch more than 10 vehicles with autonomous drive technology by 2020.


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