Category: Turkey
Emerging as an Eastern powerhouse, Earlybird Digital East Fund launches new $242M fund
Earlybird Digital East Fund — a fund associated with Germany’s Earlybird VC, but operating separately — has launched a €200m ($242m) successor fund. The fund’s focus will remain the same as before: a Seed and Series-A fund focusing on what’s known as ‘Emerging Europe’, in other words, countries stretching from…
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US says India, Italy, and Turkey digital taxes are discriminatory, but won’t take any actions for now
Digital services taxes adopted by India, Italy, and Turkey in the past years discriminate against U.S. companies, the U.S. Trade Representative said on Wednesday. USTR, which began investigations into the three nation’s digital services taxes in June last year, said it found them to be inconsistent with international tax principles,…
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Turkey orders Google to change its online ad strategy
Google is facing yet another fine for allegedly abusing its search ad clout, although the financial punishment this time is less serious than its implications. Arab News reports that Turkey’s Competition Board has given Google six months to change it… Source
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Russia’s push back against Big Tech has major consequences for Apple
Josh Nadeau Contributor Josh Nadeau is a Canadian journalist based in St. Petersburg who covers the intersection of Russia, technology and culture. He has written for The Economist, Atlas Obscura and The Outline. Last month, Donald Trump took to Twitter to criticize Apple for not unlocking two iPhones belonging to…
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Glovo exits the Middle East and drops two LatAm markets in latest food delivery crunch
The new year isn’t even a month old and the food delivery crunch is already taking big bites. Spain’s Glovo has today announced it’s exiting four markets — which it says is part of a goal of pushing for profitability by 2021. Also today, Uber confirmed rumors late last year…
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