In an embarrassing leak for authorities that has raised concerns about the security of official records, the purported personal details of numerous Chinese business moguls and politically-connected elite have been posted to an anonymous Twitter account. The data disclosure would… Read More ›
Regulations & Legal
Wolfgang Hatz leaves Porsche for greener pastures
Wolfgang Hatz has been Porsche’s top engineer in its R&D department. In the wake of the diesel emission scandal, Porsche’s top engineer has left the company for greener pastures, said Porsche, while clarifying that investigations so far have found no… Read More ›
Apple not allowed to dump refurbished iPhones in India
Apple’s strategy of importing refurbished iPhones in order to capitalize on India’s booming smartphone market to offset its flagging sales did not take off. It will now have to find other means to remain competitive. In a move that is… Read More ›
Anonymous launches DDOS against Bank of Greece
In a video message posted on YouTube, Anonymous said, “This marks the start of a 30-day campaign against [Greece’s] central bank sites across the world.” Activist hacking group, Anonymous has begun attacking Greek’s central bank with an official from the… Read More ›
Johnson & Johnson to pay $55 million in talc powder ovarian cancer trial
The plaintiff had used J&J’s feminine talc powder products such as Baby Powder and Shower to Shower Powder on her genitals for decades. The usage of talc powder for feminine hygiene has been linked to an increased risk of ovarian… Read More ›
Halliburton Baker Hughes merger had raised significant concerns with competition agencies worldwide
As per the EU Commissioner, the EU equivalent of antitrust regulators had worked closely with its peers from U.S., Brazil and Australia. Margrethe Vestager, the EU Commissioner opines that the aborted merger of Halliburton and Baker Hughes is significant, since… Read More ›
VW’s criticized for rewarding its board with a bonus
Volkswagen’s decision to pay a bonus to its board leads to public outcry in Germany. The German finance minister, Wolfgang Schaeuble, has come down heavily on Volkswagen’s board for not waiving bonuses despite the fact that the diesel emission scandal… Read More ›
Bitcoins are likely to become increasingly popular
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 ›
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 ›