Frank-Walter Steinmeier has called for prevention of re-integrating Britain into the EU, if it decides to exit. Frank-Walter Steinmeier, Germany’s Foreign Minister, has been quoted today saying if Britain were to leave the EU bloc, the European Union must prevent… Read More ›
Regulations & Legal
$600 Milion to be paid by Mitsubishi as Compensation to Customers of four models over mileage cheating
As a part of the reimbursement costs that will total at least $600 million for its overstating of mileage readings, Japan’s Mitsubishi Motors Corp said it plans to give owners of four mini vehicles close to $1,000 in compensation. Nissan… Read More ›
BNP, Santander Staff being Probed in Spain Over Roles in Tax Case
Amid allegations they may have helped shield customers’ international transfers from tax authorities, the Spanish authorities are investigating some Banco Santander SA and BNP Paribas SA employees, reported Bloomberg citing a person familiar with the probe. By analyzing evidence including papers… Read More ›
Siemen’s & Gamesa’s wind energy business to merge
If the deal were to go through, it would create the world’s biggest power producer from wind energy. Bloomberg has reported citing sources familiar with the matter at hand, Siemens AG is likely to pay $1 billion to Gamesa, a… Read More ›
SEC and DOJ probing possible corruption charges against Ericson
The probe relates to Ericson’s business practices in China. Swedish Daily Svenska Dagbladet (SvD) has reported citing sources familiar with the matter at hand, Swedish telecom gear manufacturer is being investigated by U.S. law enforcement agencies over possible corruption charges… Read More ›
Contract Worker Rights Ruling by US Labor Board Opposed by Microsoft
Arguing that a case by a U.S. labor board would have big implications for the technology company, Microsoft Corp has asked a federal court to throw out a ruling by the board extending the responsibility of companies for contract workers…. Read More ›
Ipsos Mori telephone poll shows 53% Britons opt for Brexit
The “Leave” movement is gaining momentum as the referendum date gets near. According to a telephone poll conducted by Ipsos MORI 53% of British voters are likely to opt to leave the European Union, in a referendum that is due… Read More ›
Panama Papers – Geneva’s prosecutor’s office detains IT worker
Prosecutors are slowly zeroing in on the person who has dared to throw a spotlight on the shadowy world of how the wealthy hide their wealth. Swiss newspaper Le Temps has reported citing a source who is close to the… Read More ›
Sumner Redstone says he no longer trusts Philippe Dauman
Philippe Dauman has argued in court saying that the 93-year-old media’s mogul’s daughter, Shari Redstone, is manipulating her father. Sumner Redstone has not been seen speaking in public for a months now. Viacom’s lead independent director, Fred Salerno, has pleaded… Read More ›
Kaspersky discovers xDedic, an e-bay like market for cybercriminals
Here criminals can buy attack tools for as little as $6. Attack /Defence tools against government organisation cost only $15. Security experts have stated that there are markets on the darknet which act like eBay in which black hat hackers… Read More ›