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Microsoft cut the price of its Surface RT tablet earlier in July, leaving it with a $900 million charge on its unsold stock.

Microsoft’s Surface tablets have yet to make any profit as sputtering sales have been eclipsed by advertising costs and an accounting charge, accordi(...)

President Barack Obama greets a crowd before speaking at an Amazon distribution centre in Chattanooga, Tennessee, where in  a speech yesterday   he revived  his proposal to cut corporate tax rates in return for a commitment from Republicans to invest more in programmes spurring middle-class jobs. Photograph:  New York Times

President Barack Obama criticised a flawed US tax code saying that it allowed corporations with “fancy accountants” to hide their money overseas, payi(...)

A customer walks up a staircase at an Apple shop in Hong Kong. A supplier of Apple products in China, Pegatron, has been accused of labour law violation. Photograph: David Paul Morris/Bloomberg

A labour rights group has accused a supplier of Apple in China of misconduct including withholding employees’ pay and environmental violations.The rep(...)

Five years ago, in July 2008, who would have predicted the precipitous decline of the PC business? For the previous year, industry analyst Gartner rep(...)

The high-end smartphone market, which Samsung dominates along with Apple, is slowing. Photograph: Barry Huang/Reuters

Samsung Electronics announced a $1 billion increase in investment yesterday, hoping a strong recovery in semiconductors will make up for weakening sma(...)

Róisín Donohoe, Róisín Fahy and friends with producer Hans Tanner on the John Lennon Educational Tour Bus. Photograph: Michael Mac Sweeney/Provision

It may have been The Who who penned Magic Bus but it’s the legacy of former Beatle John Lennon that has created a different kind of “magic bus” – one (...)

Revenue has obtained new details from High Court orders of Irish residents transferring money to and from tax havens such as the Isle of Man, Guernsey and Liechtenstein.

The Revenue Commissioners are investigating the tax affairs of Irish clients of HSBC bank in Switzerland who may have been trying to hide money from t(...)

European  commissioner Viviane Reding had expressed concerns that Prism had exposed a possible “loophole”. Photograph: Francois Lenoir/Reuters

Ireland’s Data Protection Commissioner (DPC) has dismissed a complaint that the Irish subsidiaries of Facebook and Apple breached EU law by sharing da(...)

Europe v Facebook lobby group described as “unbelievable” the fact that Facebook and Apple may transfer data to the National Security Agency in the US under EU law. Photograph: Martin Keene/PA Wire

Apple in Ireland has not broken EU law by transferring to the US the personal data of customers, which may have been accessed as part of the Prism spy(...)

Private industry in the euro zone expanded for the first time in more than a year in July, which was also a good month for US factories, but the massi(...)

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