Economy

Britain's Dixons Carphone discovers unauthorized data access

Britain's Dixons Carphone discovers unauthorized data access The group is contacting all those affected, but sought to assure it had no evidence that this had resulted in fraud at this stage. While attackers attempted to access 5.9 million card details, the company states that chip-and-pin protection should prevent 5.8 million of the cards being used for fraud. [Full Article...]

CFTC Subpoenas Leading Exchanges for Trading Data

CFTC Subpoenas Leading Exchanges for Trading Data Several exchanges chose not to comply, claiming CME's request was invasive. Now there is no agreement legally compelling bitcoin markets to share trading data relating to futures contracts, such as time of trades, unfiled or canceled orders, order sizes, or trader identities, all of which would be required to carry out a comprehensive investigation. [Full Article...]

Toyota Motor to invest US$1 billion in ride-hailing firm Grab

Toyota Motor to invest US$1 billion in ride-hailing firm Grab Honda also invested in Grab in a partnership aimed at expanding motorcycle-hailing operations in Southeast Asia. On April 8, Uber's rideshare service disappeared and commuters in Cambodia, Indonesia, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam switched over to the Grab app. [Full Article...]

Christian Louboutin Claims Victory After EU Court Ruling on Red Soles

Christian Louboutin Claims Victory After EU Court Ruling on Red Soles The Dutch high street brand argued shapes cannot be registered as trademarks, whereas, Louboutin said the use of it's red colour - named Pantone 18 1663TP - in a certain position - can be registered. The ruling strengthens Maison Christian Louboutin's trademark protection, the French company said in a statement. Dutch judges referred the case to the EU's top courts for clarification on the bloc's ... [Full Article...]

Uber launches Lite app for developing markets

Uber launches Lite app for developing markets Uber has been working on spreading its presence to these new and emerging markets and has found that slow performance of their application has caused many to look elsewhere. Similar to the original Uber app, the lite edition will also learn to give smarter recommendations to the users based on usage habits. Uber says the Lite version of the app will work on any Android phone and on any network,... [Full Article...]

Uber Lite Android App Launched in India, Available in Select Cities

Uber Lite Android App Launched in India, Available in Select Cities Uber is launching the app in India today with a promise to roll it out soon to other countries as well. Among others, Uber Lite boasts a 300-millisecond response time (at least in theory), making the booking process a breeze, and offering guided pickups requiring minimal typing, maps "only when you want them" , as well as caches of your city's top places so you don't need a network connecti... [Full Article...]

New York City suspends Uber driver's license for booting kissing women

New York City suspends Uber driver's license for booting kissing women A confrontation ensued. In phone video taken by one of the women, the driver says kissing in an Uber is illegal. The driver is seen exclaiming in the video that what the couple did is illegal. Hendrick said that the driver had reported the incident as well. "Uber does not tolerate any form of discrimination, and we have reached out to the rider regarding her experience", an Uber spokesperson t... [Full Article...]

Germany orders Daimler to recall 238,000 diesel vehicles

Germany orders Daimler to recall 238,000 diesel vehicles The authority said it suspected the emissions control devices were being used in the bulk of Daimler's new Euro 6 diesel auto fleet, encompassing some 1 million vehicles, according to the report. German newspaper Bild Am Sonntag reported that the Federal Motor Transport Ministry believes the majority of Mercedes' Euro 6 diesel engines are fitted with such devices, which could affect as many ... [Full Article...]

Coinbase is adding another cryptocurrency to its platform

Coinbase is adding another cryptocurrency to its platform After evaluating factors such as liquidity, price stability, and other market health metrics, we may choose to add Ethereum Classic to the Coinbase platform. Ethereum Classic is a digital currency that is the result of a hard fork in the ethereum blockchain . Data from CoinMarketCap shows that the price of Ethereum classic starting moving north immediately after the announcement. [Full Article...]

A US Federal Judge Has Approved The AT&T-Time Warner Merger

A US Federal Judge Has Approved The AT&T-Time Warner Merger A federal judge has approved AT&T's merger with Time Warner , a massive media deal opposed by the government that will shape how much consumers pay for streaming TV and movies. Time Warner owns HBO, Warner Bros., and Turner Broadcasting System. USA district judge Richard Leon dismissed the antitrust case brought by the justice department last November, the culmination of a 20-month ordeal tha... [Full Article...]

Show of solidarity after Donald Trump attacks Justin Trudeau on Twitter

Show of solidarity after Donald Trump attacks Justin Trudeau on Twitter Trump has framed the topic of trade agreements as an issue of national security, a stance backed by the advisers he has stocked in his White House, including the new National Security Advisor John Bolton. And I left the meeting, and I'll be honest, we're being taken advantage of by virtually every one of those countries very seriously". "It's a betrayal. [Full Article...]

Tesla lays off thousands of workers in corporate restructuring

Tesla lays off thousands of workers in corporate restructuring To ensure that Tesla is well prepared for the future, we have been undertaking a thorough reorganization of our company. Afterward an emotional Musk appeared to signal brighter days ahead for the Tesla when he predicted the company would begin pushing out 5,000 Model 3s per week by the end of June. [Full Article...]

Uber and Lyft will roll out scooters in San Francisco

Uber and Lyft will roll out scooters in San Francisco Chinese bike-share giant Ofo, Scoot, Hopr (AKA Cyclehop), Ridecell, Razor (scooter craze creator) and USScooter are among the additional companies that applied for the permit. "This permit program represents a thoughtful, coordinated and effective approach to ensure that San Francisco strikes the right balance". This forced San Francisco to ban the personalized transportation machines until it... [Full Article...]

Amazon Blasted by Labor Group Over China Factory Conditions

Amazon Blasted by Labor Group Over China Factory Conditions Foxconn's Hengyang plant primarily manufactures Amazon products, including its Alexa-enabled speaker Echo Dot. The tech giant's own March audit found more than 40 percent of workers were low-priced agency staffers - who do not receive holiday or sick pay - well over the 10 percent limit allowed in Chinese factories. [Full Article...]

Diamond dealer wanted for huge bank scam 'seeking asylum in UK'

Diamond dealer wanted for huge bank scam 'seeking asylum in UK' Besides, India has also made it clear that it will accept those Indians whose Indian nationality is established after verification within a fortnight. The Enforcement Directorate, India's financial fraud-investigating agency, had unsuccessfully approached Interpol in March for an global arrest warrant. [Full Article...]

Dominos Is Filling In Potholes Across America To Save Your Pizza

Dominos Is Filling In Potholes Across America To Save Your Pizza Jenny Fouracre, the chain's director of public relations, said Domino's had provided grants to those municipalities for road fix and would do the same for towns nominated on the website. Customers can nominate their cities on the Domino's website, reports Yahoo Finance. A video promo shows paving teams, with branded trucks, steamrollers and hardhats, filling in the treacherous potholes and mak... [Full Article...]

Ex-ambassador stunned Trump sided with Kim against South Korea

Ex-ambassador stunned Trump sided with Kim against South Korea The most important, hard part of this security issue is for the United States and North Korea to sit down to find a way to resolution via equal talks", Wang said . "The key question is whether this concession by Mr. Trump was coordinated at all with the (South Korean) Government", Countryman said. "I welcome the momentum made towards achieving lasting peace and stability on the Korean Peninsula... [Full Article...]

Bound flight diverted to Ireland after security scare

Bound flight diverted to Ireland after security scare The UA971 flight was diverted to Shannon Airport in Ireland. A United Airlines flight from Rome to Chicago was diverted to Ireland due to a "potential security concern", the airline said Monday. United Airlines has confirmed the diversion was due to a "potential security concern". Reports indicate a bomb threat was discovered on board the Boeing 767-300. [Full Article...]

Trump thanks Singapore for hospitality and friendship, Latest Singapore News

Trump thanks Singapore for hospitality and friendship, Latest Singapore News Moon Jae-in, South Korea's president, said after the meeting had started: "Perhaps the minds of our people are on Singapore ". The pair then retreated to a private room where they met one-on-one, with interpreters, for about 35 minutes before an expanded bilateral meeting with both USA and North Korean advisers. [Full Article...]

Twitter CEO Jack Dorsey Blasted For Patronizing Chick-Fil-A

Twitter CEO Jack Dorsey Blasted For Patronizing Chick-Fil-A Dorsey issued an apology for the purchase at the restaurant, telling O'Brien: "You're right". In 2012, CEO Dan Cathy, the CEO of the late founder, sparked a boycott after he said same-sex marriage was "inviting God's judgment on our nation", and that the company was very "supportive of the family - the biblical definition of the family unit ". [Full Article...]


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