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Ireland Inc bets big multinational footprint can see off tax overhaul

The parts of Ireland's economy that rely on the continued success of its multinational jobs machine are betting the deep roots some of the world's biggest companies have laid down can see off the threat of a global corporate tax overhaul.

Microsoft plans to tap smart TVs, streaming devices for Xbox games

German insurtech Wefox raises $650 mln at valuation of $3 bln

Douglas Busvine 3 minute read Digital insurance startup Wefox said on Tuesday it had raised $650 million from investors, in what it called a record-breaking round for a so-called insurtech company that valued the business at $3 billion. The funding means Berlin-based Wefox has grown in value threefold since tapping investors in 2019. The move follows big raises by local startups Trade Republic, an online stockbroker, and quick-delivery firm Gorillas. read more Wefox founder and CEO Julian Teicke told Reuters the Series C round had drawn strong investor demand because Wefox was growing both rapidly and more profitably than rival online insurers that are losing money.

Salesforce raises annual revenue, profit outlook

Reuters 2 minute read The company logo for Salesforce.com is displayed on the Salesforce Tower in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo Salesforce.com Inc (CRM.N) raised its full-year forecast for revenue as well as profit, and reported quarterly revenue that beat analysts estimates, following increased demand for its cloud-based software due to a pandemic-led shift to remote work. The company s shares rose 5.4% to $238 on Thursday in extended trading. Online software providers are reaping the benefits as many companies are continuing with the option of remote work even as vaccination rates rise in some countries like the United States.

China looks to ocean for cheaper way of cooling power-hungry data centres

EnergyChina looks to ocean for cheaper way of cooling power-hungry data centres Ryan WooLusha Zhang 2 minute read Windmills and a power plant can be seen in the distance as beachgoers watch sunset in the city of Dongfang on the western side of China s island province of Hainan, June 18, 2014. REUTERS/John Ruwitch/File Photo China is looking to the sea to help cut the cost of cooling data centres housing powerful computers and servers, and also to reduce consumption of traditional energy sources in a sector known for its high electricity needs. The southern island province of Hainan has commenced work on the world s first undersea commercial data centre, with completion expected in five years, the state assets regulator in Hainan said on its website on Monday.

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