Huawei drops lawsuit against US over seized equipment September 10, 2019 Huawei has dropped a lawsuit against US authorities over telecoms equipment that was seized on suspicion of export control violations. The Chinese tech firm launched legal action against the commerce department and other government agencies after they seized equipment in 2017 following a lab test in California. Read more: US charges Chinese professor with fraud [...]
HS2 faces new legal challenge from Siemens over £2.8bn contract July 1, 2021 HS2 has reportedly been hit by another legal challenge, this time by German industrial group Siemens, over a £2.8bn contract to build trains for the new rail link. The new lawsuit comes just days after the firm behind the project confirmed it had settled a previous dispute with Spanish firm Talgo out of court. The [...]
Amazon to pay compensation to shoppers injured by third-party products August 10, 2021 Amazon will start paying customers who are impacted by dangerous goods sold by third-party merchants on its US platform in a move that could reduce litigation. The ecommerce giant today said it will start offering compensation for personal injury or property damage of up to $1,000, effective from 1 September. Amazon added it may step [...]
South Korea set to crack down on Apple and Google over app charges August 24, 2021 South Korea is poised to block Apple and Google from charging commission on in-app purchases in what could be the first such move by regulators around the world. The parliament’s legislation and judiciary committee is today expected to approve legal changes that will ban app store operators with dominant market positions from forcing certain payment [...]
Which banks were the winners and losers of 2023? December 29, 2023 After a year of big headlines, which UK banks pressed ahead and which fell behind in 2023?
KPMG faces £15m fine over Quindell audit November 10, 2021 Accounting giant KPMG could be confronted with a £15m legal claim from insurance outsourcer Quindell, according to reports. Quindell, now known as Watchstone, is preparing to file claims against the Big Four firm, alleging that it suffered losses of up to £15m from KPMG’s audit in 2013, according to Financial News, which first reported the [...]
Huawei revenues collapse nearly a third as it peddles against US sanctions August 6, 2021 Chinese telecoms giant Huawei Technologies has watched its revenue collapse by almost a third so far this year, as it peddles against the waters of US sanctions. Revenue hit $49.5bn in the six months to June, down 29 per cent, the group reported today. With its handset business struck by US sanctions, the UK’s decision [...]
South Korea outlaws Google and Apple in-app payment systems August 31, 2021 South Korea’s National Assembly has approved legislation that bans app store operators such as Google and Apple from forcing developers to use their in-app payment systems. South Korea is reportedly the first country in the world to pass such a bill, which becomes law when it is signed by the president, whose party has backed [...]
Fishy business: US lab fails to find tuna DNA in Subway tuna sandwiches June 22, 2021 A US lab could not find tuna DNA in 60 inches of Subway sandwiches supposedly serving the fish. The lab performed PCR tests, commissioned by the New York Times, to find if samples of the sandwich filling contained one of five common tuna species. “No amplifiable tuna DNA was present in the sample and so [...]
Name-dropping: Elon Musk changes job title to Technoking of Tesla March 15, 2021 Eccentric billionaire Elon Musk has a history of riling shareholders with his unusual behaviour, and his latest stunt could put another black mark by his name. In a stock market filing today, the troublesome tycoon announced he has changed his job title to Technoking of Tesla, in addition to his current role of chief executive. [...]