REUTERS: Citigroup Inc filed a third lawsuit on Friday in its latest attempt to recoup nearly US$1 billion it mistakenly sent to lenders of Revlon Inc. The third largest U.S. bank has so far sued a dozen firms after an “operational error” that caused it to transfer US$900 million of […]
Business
LONDON: Europe’s travel recovery stalled at the start of August after a stronger performance in July, as COVID-19 quarantine rules and warnings over rising infection rates created uncertainty and deterred tourists from booking trips abroad. In July, ticket numbers for cross-border air travel within Europe stood at 28 per cent […]
NEW DELHI: An Indian parliamentary committee will question Facebook executives on how the social media giant regulates political content in the country, a panel member told Reuters on Friday (Aug 21), following controversy about its practices. Facebook and its top lobbying executive in India, Ankhi Das, are facing criticism after […]
WASHINGTON: In an unprecedented case, a former chief security officer for Uber was criminally charged on Thursday (Aug 20) with trying to cover up a 2016 hacking that exposed personal information of about 57 million of the ride-hailing company’s customers and drivers. The U.S. Department of Justice charged Joseph Sullivan, […]
REUTERS: Facebook’s chief executive officer, Mark Zuckerberg, and some company executives have been discussing a “kill switch” to shut off political advertising after the election is over to curb misinformation, the New York Times reported on Friday (Aug 21), citing unnamed sources. Facebook is looking at post-election scenarios that include […]
LONDON: After Britain ordered the phased removal of Huawei from its 5G network, attention has now switched to China’s role in other areas of the UK, particularly its involvement in key nuclear power projects. Diplomatic relations between the two countries are already fraught as a result of Beijing’s introduction of […]
REUTERS: Delta Air Lines on Friday (Aug 21) said it plans to resume 50 flights on the international route this winter and in 2021 that were suspended due to the COVID-19 pandemic. “While significant hurdles remain in the global fight against the pandemic, we are ready to connect customers to […]
REUTERS: Apple Inc on Friday asked a federal judge in California to deny a request by Fortnite maker Epic Games to be kept in the iPhone maker’s App Store as a dispute between the two over Apple’s in-app payment rules plays out. In a filing before US District Judge Yvonne […]
TOKYO: Singapore’s Wuthelam Group will take majority control of Nippon Paint Holdings, spending1.19 trillion yen (S$15.6 billion) to raise its stake to just under 60 per cent from 39 per cent now, the Japanese company said in a statement on Friday (Aug 21). Wuthelam will become a majority shareholder through […]
SINGAPORE: Singapore Airlines (SIA) and Changi Airport Group (CAG) have welcomed the Government’s decision on Friday (Aug 21) to ease restrictions on inbound travel from Brunei and New Zealand. From Sep 1, some travellers coming to Singapore from those two countries will not be required to serve a stay-home notice […]