US President Donald Trump on Friday accused his French counterpart<a href="https://www.wionews.com/world/donald-trump-has-discussed-iran-nuclear-standoff-with-macron-white-house-234187"> Emmanuel Macron </a>of "foolishness" over a move to tax global tech giants, promising substantial retaliation which he hinted could target French wine.

"France just put a digital tax on our great American technology companies," Trump tweeted about the law passed this month that is set to affect US giants Google, Apple, Facebook and Amazon.

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France just put a digital tax on our great American technology companies. If anybody taxes them, it should be their home Country, the USA. We will announce a substantial reciprocal action on Macron’s foolishness shortly. I’ve always said American wine is better than French wine!
— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1154791664625606657?ref_src=twsrc%5Etfw">July 26, 2019</a></blockquote>
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"If anybody taxes them, it should be their home Country, the USA," he added. "We will announce a substantial reciprocal action on Macron's foolishness shortly. I've always said American wine is better than French wine!"

Earlier, the US president had tweeted that Apple will no longer be given tariff waivers or relief for Mac Pro parts which were made in China.

Trump's comments came after reports the US tech giant was seeking an exemption from tariffs for the high-end computer, which in the past had been made in the United States. Apple is reportedly now shifting production to China.

"Make them in the USA, no tariffs!" the US president tweeted. Apple shares dipped slightly as Trump tweeted.&nbsp;

The move comes amid growing trade frictions between the two economic powers. Trump has threatened to slap punitive tariffs on more goods to press Beijing to accept more imports.

According to reports, Apple has chosen a Taiwanese contractor, Quanta Computer Inc., to manufacture the $6,000 desktop computer near Shanghai. 
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US President Donald Trump on Friday accused his French counterpart Emmanuel Macron of "foolishness" over a move to tax global tech giants, promising substantial retaliation which he hinted could target French wine.

US President Donald Trump on Friday accused his French counterpart Emmanuel Macron of "foolishness" over a move to tax global tech giants, promising substantial retaliation which he hinted could target French wine. "France just put a digital tax on our great American technology companies," Trump tweeted about the law passed this month that is set to affect US giants Google, Apple, Facebook and Amazon. France just put a digital tax on our great American technology companies. If anybody taxes them, it should be their home Country, the USA. We will announce a substantial reciprocal action on Macron’s foolishness shortly. I’ve always said American wine is better than French wine! — Donald J. Trump (@realDonaldTrump) July 26, 2019 × "If anybody taxes them, it should be their home Country, the USA," he added. "We will announce a substantial reciprocal action on Macron's foolishness shortly. I've always said American wine is better than French wine!" Earlier, the US president had tweeted that Apple will no longer be given tariff waivers or relief for Mac Pro parts which were made in China. Trump's comments came after reports the US tech giant was seeking an exemption from tariffs for the high-end computer, which in the past had been made in the United States. Apple is reportedly now shifting production to China. "Make them in the USA, no tariffs!" the US president tweeted. Apple shares dipped slightly as Trump tweeted. The move comes amid growing trade frictions between the two economic powers. Trump has threatened to slap punitive tariffs on more goods to press Beijing to accept more imports. According to reports, Apple has chosen a Taiwanese contractor, Quanta Computer Inc., to manufacture the $6,000 desktop computer near Shanghai.

Trump slams Macron over digital tax on US tech giants, threatens 'reciprocal action' against French wine

The EU’s new data regulation is slated to come into effect this week on May 25. The General Data Protection Regulation (GDPR) promises more power to individuals and puts companies with a large pool of user data under the scanner.

This means that with the new regulation coming into force, individuals can now demand companies to reveal or delete their personal data.

The law will replace the 1995 Data Protection Directive and will finally be put to practice after seven years of debate.&nbsp

The GDPR will primarily have companies under its purview, firms of all kinds ranging from technology, banking, to advertising among others. The lot that is likely to bear the most brunt includes companies that primarily deal with acquiring and exploiting large-scale consumer data.

Companies will now need to practice utmost transparency while dealing with consumer data. Consent will have paramount significance, without consumer consent it will now be difficult for companies to process an individual's personal information.&nbsp

The GDPR rollout, this Friday, will mean that users will have the power to hold companies accountable for data breach like never before. Tech giants will now be pressured into changing policies and ushering in new measures that would provide more transparency with respect to the usage and processing of user information that they collect.&nbsp

Facebook, for instance, recently introduced tools that let its users manage, control, edit, review, download and delete information that is shared on/with Facebook as well as with third-party entities.&nbsp

GDPR has ambitious goals to achieve, whether or not it will work to avoid events like the Facebook-Cambridge Analytica episode is for all of us to see. The new regulation will have companies on their toes, cautious like never before as they face the risk of paying as much as 4% of their global turnover as a fine for violating the regulation.&nbsp

Companies will now need to practice utmost transparency while dealing with consumer data

The EU’s new data regulation is slated to come into effect this week on May 25. The General Data Protection Regulation (GDPR) promises more power to individuals and puts companies with a large pool of user data under the scanner. This means that with the new regulation coming into force, individuals can now demand companies to reveal or delete their personal data. The law will replace the 1995 Data Protection Directive and will finally be put to practice after seven years of debate. The GDPR will primarily have companies under its purview, firms of all kinds ranging from technology, banking, to advertising among others. The lot that is likely to bear the most brunt includes companies that primarily deal with acquiring and exploiting large-scale consumer data. Companies will now need to practice utmost transparency while dealing with consumer data. Consent will have paramount significance, without consumer consent it will now be difficult for companies to process an individual's personal information. The GDPR rollout, this Friday, will mean that users will have the power to hold companies accountable for data breach like never before. Tech giants will now be pressured into changing policies and ushering in new measures that would provide more transparency with respect to the usage and processing of user information that they collect. Facebook, for instance, recently introduced tools that let its users manage, control, edit, review, download and delete information that is shared on/with Facebook as well as with third-party entities. GDPR has ambitious goals to achieve, whether or not it will work to avoid events like the Facebook-Cambridge Analytica episode is for all of us to see. The new regulation will have companies on their toes, cautious like never before as they face the risk of paying as much as 4% of their global turnover as a fine for violating the regulation.

What is GDPR? EU's new data regulation law may choke tech giants

Amazon has grabbed the top spot in Massachusetts Institute of Technology&#39;s annual list of the world&#39;s smartest companies of 2016. 
 
MIT&#39;s editors have picked the 50 companies that best combine innovative technology with an effective business model. 
 
According to the technology review site, large companies, like Jeff Bezos-led online retail giant Amazon and Alphabet, have made the list because they are using digital technologies to redefine industries, while others like Microsoft, Bosch, Toyota and Intel are wrestling with technological changes. 
 
The top ten in the list are: 
 
1. Amazon 
2. Baidu 
3. Illumina 
4. Tesla Motors 
5. Aquion Energy 
6. Mobileye 
7. 23andMe 
8. Alphabet 
9. Spark Therapeutics 
10. Huawei 
 
(ANI)&nbsp;

The cloud-computing giant recognized by MIT for combining innovation and effectiveness

Amazon has grabbed the top spot in Massachusetts Institute of Technology's annual list of the world's smartest companies of 2016. MIT's editors have picked the 50 companies that best combine innovative technology with an effective business model. According to the technology review site, large companies, like Jeff Bezos-led online retail giant Amazon and Alphabet, have made the list because they are using digital technologies to redefine industries, while others like Microsoft, Bosch, Toyota and Intel are wrestling with technological changes. The top ten in the list are: 1. Amazon 2. Baidu 3. Illumina 4. Tesla Motors 5. Aquion Energy 6. Mobileye 7. 23andMe 8. Alphabet 9. Spark Therapeutics 10. Huawei (ANI)

Amazon awarded world's smartest company

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