A U.S. judge on Wednesday confirmed a 643 million euro (US$734 million) award in favor of a unit of Warren Buffett’s Berkshire Hathaway Inc that claimed it was fraudulently induced to buy a German pipemaker that had inflated sales to look profitable. NEW YORK: A U.S. judge on Wednesday confirmed […]
Business
The latest clash between Facebook and Austrian privacy activist Max Schrems could disrupt hundreds of thousands of companies as Europe’s top court rules on Thursday on the legality of tools companies use to transfer Europeans’ data around the world. LUXEMBOURG: The latest clash between Facebook and Austrian privacy activist Max […]
Nearly half of Japan’s companies have no immediate plans in place to help counter the impact of the coronavirus pandemic, although a third of those surveyed in a Reuters poll indicated they were looking to improve productivity to cushion the blow. TOKYO: Nearly half of Japan’s companies have no immediate […]
CHICAGO: Amazon.com has extended a work-from-home policy until Jan 8 and is continuing to ask employees to defer all non-essential travel, a spokeswoman said on Wednesday (Jul 15). This comes adter the company on Tuesday launched a pilot healthcare programme for its employees and their families to provide primary services […]
Volkswagen on Wednesday said it was replacing software chief Christian Senger and moving the centre of its group-wide software development from its Wolfsburg headquarters to Ingolstadt, where premium brand Audi is based. FILE PHOTO: The company logo is seen at the headquarters of the German car manufacturer Audi in Ingolstadt, […]
LUXEMBOURG: Europe’s second-highest court on Wednesday (Jul 15) rejected an EU order for Apple to pay 13 billion euros (US$15 billion) in Irish back taxes, dealing a blow to the bloc’s attempts to crack down on sweetheart tax deals. In its order four years ago, the European Commission said Apple […]
Reliance Industries on Wednesday said Alphabet Inc’s Google will buy a 7.7 per cent stake in its digital unit for US$4.5 billion, winning the backing of another U.S. tech giant after Facebook Inc in late April. NEW DELHI/OAKLAND: Alphabet’s Google will buy a 7.7per cent stake for US$4.5 billion in […]
SINGAPORE: Resorts World Sentosa (RWS), one of Singapore’s biggest private-sector employers, said on Wednesday (Jul 15) it was laying off staff as part of cost-cutting measures in the wake of the coronavirus pandemic. The resort, which is owned by Genting Singapore, declined to say how many staff members were affected […]
SINGAPORE: The Singapore Airlines (SIA) Group recorded a 99.3 per cent year-on-year decline in passenger carriage in June, according to its operating results published on Wednesday (Jul 15). Overall results improved marginally from May despite travel demand continuing to be severely impacted by the COVID-19 pandemic as flights slowly began […]
BEIJING: Beijing lashed out on Wednesday (Jul 15) at Britain’s decision to ban Huawei equipment, saying London had become “America’s dupe” and vowing to take measures to protect the interests of Chinese companies. The British government bowed to growing US pressure and pledged on Tuesday to remove Chinese telecoms giant […]