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US lawmakers criticize Tesla’s showroom in Xinjiang

• Democrats Bill Pascrell, Jr. and Earl Blumenauer wrote a strongly worded letter to Tesla CEO Elon Musk • They questioned Tesla on its plans to expand in China and its financial relations with compan...

By  Yashasvini On  2022-01-21 02:41:00
Lawsuit filed against Amazon for worker’s death by tornado

• The lawsuit was filed by the family of delivery truck driver who died in the Amazon warehouse • Six Amazon workers died in Illinois due to tornadoes Amazon (NYSE: AMZN) was hit by a lawsuit on Monda...

By  Shubhangi On  2022-01-18 02:39:00
Theranos founder Elizabeth Holmes found guilty in four of the 11 fraud charges

• Holmes was charged with nine counts of wire fraud and two counts of conspiracy • She was found guilty on three of the nine fraud counts and one of two conspiracy counts Former Silicon Valley start-u...

By  Yashasvini On  2022-01-04 22:42:00
JP Morgan fined $200 million for failing to preserve staff communication on personal devices

• SEC said JP Morgan agreed to pay $125 million after admitting to "widespread" record-keeping failures in recent years • The SEC found that JP Morgan was unable to preserve written business communica...

By  Shubhangi On  2021-12-18 01:17:00
US blacklists 34 Chinese entities over ties to alleged human rights abuses and IP theft

• U.S. added 34 Chinese institutions to the Entity List for oppressing Uyghurs and national security reasons • Beijing denies the accusation of human rights violation and theft of intellectual propert...

By  Arghyadeep On  2021-12-17 02:29:00
US lawmakers call for sanctions against Israeli spyware firm NSO and three others - Reuters

• The lawmakers asked the departments to enforce Global Magnitsky sanctions • If implemented, the sanction will freeze the bank accounts of the accused and put a travel ban U.S. lawmakers are requesti...

By  Arghyadeep On  2021-12-15 22:05:00
French court slashes UBS Group penalties to 1.8 billion euros

• Shares of UBS jumped around 2% after the court slashed the fine • The bank was earlier fined 4.7 billion euros, equivalent to around $5 billion A French appeals court on Monday slashed the penalty f...

By  Shubhangi On  2021-12-14 01:23:00
Amazon penalized $ 1.3 billion by Italian antitrust regulators

• The regulators' said Amazon has affected other players in the e-commerce logistics industry • Amazon was penalized for exploiting its dominating position in the market  The Italian antitrust regulat...

By  Ishika Dangayach On  2021-12-09 17:20:00
Looming deadline threatens US Congress once again with a shutdown

• Democrats and Republicans continue to debate around the bill that would fund the government through late January or early February. • In September, the deadline for the short-term appropriations bil...

By  Yashasvini On  2021-11-30 02:17:00
U.S. blacklists Israeli NSO Group for supplying Pegasus spyware

• The NSO Group was known for supplying Pegasus software to governments for spying • Firms are barred from exporting products, services or data to the sanctioned companies The U.S. Commerce Department...

By  Arghyadeep On  2021-11-04 02:13:00
Snapchat, TikTok, YouTube defend how they protect kids online in Senate Committee hearing

• Snapchat, TikTok and Youtube faced Congressional hearings for allegedly affecting the mental health of kids • Lawmakers expressed concerns about TikTok's data collection and storage, worrying about ...

By  Arghyadeep On  2021-10-27 02:32:00
Natural Health Trends announces closing of investigation by the SEC

Picture credit : Dreamstime HONG KONG – October 1, 2021 – Natural Health Trends Corp. (NASDAQ: NHTC), a leading direct-selling and e-commerce company that markets premium quality personal care, wellne...

By  Divya On  2021-10-01 19:11:00
JetBlue CEO Robin Hayes provides an update on the northeast alliance and action by the U.S. Department of Justice (DOJ)

JetBlue [JBLU] CEO Robin Hayes today issued the following message to the airline's 20,000 crewmembers: Dear Crewmembers, COVID-19 has thrown unimaginable challenges at us, and we've worked together to...

By  Reshma On  2021-09-22 12:52:00
Twitter announces proposed settlement of consolidated class action Lawsuit

SAN FRANCISCO — SEPT. 20, 2021 — Twitter, Inc. (NYSE: TWTR)today announced that it has entered into a binding agreement to settle the consolidated class action lawsuit commenced in 2016 in the United ...

By  Pavankumar On  2021-09-20 20:20:00
U.S. Treasury to introduce sanctions to curb ransomware attacks: WSJ

In the recent past, the surging number of ransomware attacks at dozens of government agencies, Florida's water supply, the Colonial Pipeline, JBS Meat Suppliers, and software services provider Kaseya,...

By  Yashasvini On  2021-09-17 23:33:00
DoorDash sues New York City over new customer data sharing law

DoorDash filed a lawsuit against New York City on Wednesday over a new law requiring delivery companies to share more customer data with restaurants. Earlier this summer, the City Council approved a b...

By  Shubhangi On  2021-09-16 03:29:00
Uber loses Dutch court battle over employment rights case

  Uber drivers are employees, not contractors, and so have more workers' rights under local labor rules, a Dutch court said on Monday. According to a statement issued by the Amsterdam civil court, thr...

By  Ishika Dangayach On  2021-09-13 23:00:00
WhatsApp fined $266 million by Ireland for breaching privacy laws

WhatsApp was fined 225 million euros ($266 million) on Thursday by the Irish data regulator for breaching the company's privacy policy. WhatsApp said it will appeal against the fine as it was "entirel...

By  Shubhangi On  2021-09-03 00:50:00
ARM China former CEO takes control; launches own company

The former CEO of ARM China, Allen Wu has reportedly taken control of the company and attempting to launch his own company called Alphatecture. Wu is accused of using his position at ARM China to laun...

By  Shubhangi On  2021-09-02 01:44:00
Google appeals against 500 million euro fine by French watchdog

Google is appealing against a 500 million euro ($591 million) fine imposed by France's antitrust watchdog in July, the tech company said on Wednesday. The watchdog fined Google over dispute with news ...

By  Shubhangi On  2021-09-01 23:27:00
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