Italian tax police raid Facebook offices

A probe by Italian tax authorities into US Internet giant Google's Italian arm has found it failed to declare income of 240 million euros ($310 million) and pay value added tax of 96 million euros.

French authorities are probing Google for potential tax avoidance, a source close to the matter said Tuesday, with the US Internet giant facing a possible bill of over 100 million euros ($132 million).

France's Budget Minister Jerome Cahuzac said on Tuesday Google would never win a court case contesting a huge tax bill claimed by French authorities.

Facebook's initial public offering will make lots of its staff in California rich -- and should therefore help the perennially cash-strapped state fill a whopping $16 billion budget hole.

Italian police are making use of Facebook to identify criminal networks and even to catch gangsters who cannot resist posting updates while on the run, L'Espresso weekly reported on Friday.

Amazon began offering digital books in Spanish and Italian for the Kindle on Thursday and selling Spanish- and Italian-language versions of the electronic book reader.

Iran is tightening control of the Internet ahead of next month's presidential election, mindful of violent street protests that social networkers inspired last time around over claims of fraud, users and ...

(AP)—Federal Reserve Chairman Ben Bernanke says pessimists who are forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong.

Yahoo Japan Corp. has said it suspects up to 22 million user IDs may have been stolen during an unauthorised attempt to access the administrative system of its Yahoo! Japan portal.

US authorities seized the accounts of a Bitcoin digital currency exchange operator, claiming it was functioning as an "unlicensed money service business," court documents showed Friday.

(AP)—Over the past two years, publishers have been steadily filling one of the largest gaps in the e-book catalogue—poetry.

Italian police on Friday arrested four alleged hackers believed to belong to the activist group Anonymous for attacking websites, including those of the Vatican and the parliament in Rome.