With their pricing details published by the International Exchange Group, which owns the NYSE, and the CME group, the choppy waters of bitcoins are likely to be dampened. In a move that could significantly boost the credibility of bitcoins, Intercontinental… Read More ›
Regulations & Legal
U.S. Justice Department requests Daimler to check the emissions of its diesel vehicles
Daimler has hired Deloitte Touche Tohmatsu for this purpose. Yet another car manufacturing company has come under the lens for its diesel engine emission claims. Audit firm, Deloitte Touche Tohmatsu has been hired by Daimler to assist its internal investigation… Read More ›
Germany in talks with Panama in the wake of the Panama Papers
After the leak, Panama has come increasingly under international scrutiny with countries wanting increased cooperation and transparency. In the wake of the leak of the Panama Papers, Germany’s Chancellor Angela Merkel has spoken at length with Juan Carlos, Panama’s President… Read More ›
BAE System’s security researcher shed light on Bangladesh’s central bank cyber heist
Login credentials were used as an intermediary step to compromise the very foundation of the global banking system banks and financial institutions depend on to transfer funds to one another. Security researchers from BAE have pointed to a far deeper,… Read More ›
What should be the extent on cooperation between tech companies and law enforcement agencies?
House Energy and Commerce subcommittee try to find common ground between U.S. tech companies and U.S. law enforcement agencies, thus re-igniting a decade old debate on the extent tech companies cooperate with law enforcement agencies during an investigation. With the… Read More ›
Mitsubishi Motors admits to manipulating fuel economy tests on its vehicles
Although the admission has wiped off $1.2 billion from its market capitalization, with the admission the company can now begin the process of rectifying the faults. Even in VW’s case, investors have wanted the company to turn a new leaf,… Read More ›
U.S. Foreign Intelligence Surveillance Court issues first order
The order has been posted on the website of the Office of the Director of National Intelligence. It remains to be seen whether this is related to the Electronic Frontier Foundation suing the government for forcing U.S. companies to decrypt… Read More ›
AB InBev sells SABMiller’s Peroni brand to Japan’s Asahi group
With this strategic move, Ab InBev moves one step closer towards completing its 100 billion plus takeover of SABMiller. AB InBev process of acquiring its smaller rival SABMiler has made another significant milestone with it accepting Japan’s Asahi Group’s proposal… Read More ›
U.S. Supreme Court Rejects Challenge to Google Book-Scanning Project
A challenge filed in the US Supreme Court by authors who contend that Google’s massive effort to scan millions of books for an online library violates copyright law was turned down by e court on Monday as it declined to… Read More ›
TeraExchange and Javelin preparing to bring class action lawsuits against 12 major banks
Their lawsuit revolves around the provisions in the Dodd-Frank Act which aims to bring transparency in the trading of interest rates swaps. In a development that could have a significant impact on major banks, two lone trading start-ups are set… Read More ›