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Now on bbc news, all the latest Business News live from singapore. Amazon and apple get slapped with hundreds of millions of dollars in back taxes by the European Commission. And our tech reporter gets his hands on googles latest smart phone and finds out if it has what it takes to compete with the iphone. Good morning, asia, hello, world. Welcome to Asia Business report. Im rico hizon. The European Union has launched a fresh crackdown over taxes paid by Technology Giants amazon and apple. Amazon has been ordered to repay more than 290 million in back taxes after european regulators that it wa...

Countdown. I am anna edwards. Manus breaking news, let us take it off with statoil, the Norwegian Energy giant. The market was looking for profit of 294 million. That is considerably less, the understatement at the start of the reporting day. Adjusted earnings at 913 million, that was after 1. 3 billion Capital Expenditures cut, adjusted net loss at 28 million. The estimate was for a net of 294 million. They are holding on to their output guidance. However, they have cut down to 12 billion, the first of a feast, as it were, a breaking news. We will have the ceo, eldar saetre. Anna let us get o...

Any moment. We are also watching pharma stocks. Results came in for astrazeneca and novartis. Novartis pretty much unchanged. Jon, we have this megamerger from rance. The french have also been quite antitech in the past. I wonder what they make of the facebook a lot of things, they are quite conservative about mergers. Some would say they are more socialist than china. If i am looking at facebook and apple, apple is the big surprise. Revenue, noflat growth in iphone sales. No one was looking for big numbers. Theyiver is not delivered not only on earnings. If you look at the share price in afte...

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