Google to pay $140 million in back taxes in Britain

MOUNTAIN VIEW, California, Rabi’II 13, 1437, January 23, 2016, SPA — Google will pay about $140 million in British back taxes in a concession driven by a shift in how the Internet company will measure its success in the United Kingdom, according to AP.
The terms disclosed Friday translate into 130 million pounds, a small sum for a business as prosperous as Google and its corporate parent, Alphabet Inc. The Mountain View, California, company has about $73 billion in cash.
Britain is one of Google’s biggest markets outside the U.S., but the company has minimized its taxes in the country by keeping its European headquarters in Ireland, where tax rates are lower.
That tactic has spurred accusations that Google has been evading taxes.
Google says it will now base its British tax bill on U.K. advertising sales instead of just profit.
02:45 LOCAL TIME 23:45 GMT

Equestrian Club of Riyadh holds race

Riyadh, Rabi’II 12, 1437, January 22, 2016, SPA — The Equestrian Club in Riyadh held a horse race here today.

During the event, prizes were handed to winners.

The second round of the race will be held tomorrow.

23:14 LOCAL TIME 20:14 GMT

Nikkei jumps 5.8 per cent on ECB easing signal, oil prices rebound

Tokyo, Rabi’II 12, 1437, Jan 22, 2016, SPA — Japan’s benchmark Nikkei 225 Stock Average bounced back Friday for the first upswing in three days, bolstered by a hint of fresh monetary stimulus by the European Central Bank and a rebound in crude oil prices, dpa reported.
The Nikkei gained 941.27 points, or 5.88 per cent, to end at 16,958.53 after falling 2.43 per cent Thursday.
The broader Topix index was up 72.7 points, or 5.59 per cent, at 1,374.19 after losing 2.8 per cent the day before.
For the week, the Nikkei fell 1.11 per cent and the Topix lost 2.02 per cent.
On Thursday, European Central Bank chief Mario Draghi insisted there were “no limits” to what the ECB will do to meet its inflation target and spur economic growth.

09:58 LOCAL TIME 06:58 GMT

First Center in Middle East With Elekta’s Versa HD Radiotherapy System Begins Treating Cancer Patients

Patients at Saudi Arabia’s King Abdulaziz University Hospital benefit with system’s speed and precision for treating wide range of cancers JEDDAH, Saudi Arabia, January 22, 2016/PRNewswire-FirstCall  — Equipped with advanced beam-shaping and high dose rate delivery technologies, King Abdulaziz University Hospital’s (KAUH) Versa HD™ system is enabling physicians to treat cancer patients with a new, […]

ظهور حي مباشر للسوبر ستار شاه روخ خان على #fame.

مومباي، الهند، 19 يناير 2016/PRNewswire — يمكن الآن للمعجبين من جميع أنحاء العالم متابعة iamsrk على #fame – منصة التواصل الاجتماعي للفيديو المباشر في آسيا أول بث مباشر بالفيديو في 31 يناير سيتفاعل أهم نجوم الهند، السوبر ستار شاه روخ خان مع محبيه من جميع أنحاء العالم عبر #fame أسرع منصات التواصل الاجتماعي المباشر بالفيديو نمواً […]

شركة تي إي كونيكتيفيتي تفتتح أول منشأة تصنيع سيارات لها في أفريقيا

المغرب سيصبح منصة صناعية تخدم العملاء في مناطق أوروبا والشرق الأوسط وأفريقيا طنجة، المغرب، 21 كانون الثاني/يناير، 2016 / بي آر نيوزواير / — افتتحت شركة تي إي كونيكتيفيتي المحدودة (رقم سهمها على مؤشر بورصة نيويورك TEL)، وهي شركة رائدة في التوصيلات، اليوم رسميا أول منشأة تصنيع سيارات لها في منطقة طنجة التجارية الحرة وفي […]