U.S. District Judge Roy Altman in Miami said Burger King must...
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FBI and European partners seize major malware network in blow to global cybercrime
“Nearly every sector of the economy has been victimized by Qakbot,”...
Judge allows age-discrimination lawsuit against Elon Musk’s X to proceed
Elon Musk Illston ruled that the federal law banning workplace age...
Financial world’s blockchain euphoria gives way to pragmatism as projects stall
The euphoria that surrounded the early days of Wall Street’s interest in blockchain is giving way to pragmatism, as companies realize that it will likely take years before it takes off in a substantial way.
EU braces for No-Deal Brexit if Johnson becomes UK Prime Minister
A no-deal Brexit could tip Britain into recession, undermine sluggish euro zone growth and weaken London’s claim to be the world’s pre-eminent international financial center.
7.3 magnitude earthquake rattles Indonesia’s Malaku Island
There were no immediate reports of casualties or damage to the property as a result of the quake. No Tsunami warning has been issued.
Indonesia is highly susceptible to earthquakes and tsunamis as it lies in the highly seismic ‘Ring of Fire’, an area in the basin of the Pacific Ocean.
Facebook to pay $5 billion fine for privacy violations
FTC initiated the investigation after a scandal involving former British consulting firm Cambridge Analytica, which was accused of illegally accessing data of more than 87 million Facebook users without their prior knowledge. FTC investigated whether Facebook’s data sharing with the British firm violated a 2011 consent agreement signed between Facebook and the regulator.
Johnson & Johnson denials of asbestos in baby powder spur criminal probe
Questions about the product’s safety have led to more than 14,000 lawsuits from consumers asserting that the company’s talc products caused their ovarian cancer or mesothelioma, a rare form of the disease linked to asbestos exposure.
India lifted 271 mn out of poverty in 2006-16 at fastest rate globally: UN
Ethiopia, India and Peru significantly reduced deprivations in all 10 indicators, namely nutrition, sanitation, child mortality, drinking water, years of schooling, electricity, school attendance, housing, cooking fuel and assets.
A Ford-Volkswagen alliance with Argo could redraw self-driving sector
A Ford-VW collaboration with Argo, the Pittsburgh-based start-up that has spearheaded Ford’s self-driving development since 2017, could help reduce the engineering and financial burdens on each automaker. It could also accelerate the deployment timetables of both, which have said they plan to put autonomous vehicles into operation in 2021.
French utility EDF prepares its nuclear reactors for climate change
The company has created a team of 15 climate experts to better predict the impact of a changing climate on its operations and the surrounding environment. The team, formed in 2015, studies several metrics including river temperatures, wind and solar power output, sea levels and the resilience of its power plants to flooding and lightning
Pakistan examines ways to bolster insurance penetration
Sabzwari said he will:-consider a request by brokerages for minimum commissions, while taking into account the views of all stakeholders after mutual funds objected to similar proposals earlier,
-reduce barriers for startups and small to medium-sized companies to tap capital markets; he targets a few listings this year
make it compulsory for companies to have group life insurance, third-party automobile liability coverage, and occupational health insurance before March.
Volvo’s autonomous trucking offer bundles pilots, insurance, services
Driverless transportation has been hailed as a transformative revenue opportunity, with the Boston Consulting Group expecting connected high-tech vehicles to generate about $150 billion of new profits for the auto sector by 2035.But regulatory, technological and infrastructure roadblocks stand in the way of deploying fully autonomous vehicles on public roads and the journey is proving long and costly.