Tesla shares accelerate as car deliveries top estimates July 2, 2020 Shares in Tesla popped eight per cent as trading began today, after it posted second-quarter delivery numbers that surpassed expectations. Tesla delivered 90,650 vehicles during the quarter, above estimates of 74,130 vehicles, according to Refinitiv data. It delivered 80,050 units of its new Model Y sport utility vehicle and Model 3 sedan for the quarter. [...]
Exclusive: Government U-turns on claim that ’70 per cent’ of England’s PPE is made in the UK November 27, 2020 The government has made an apparent U-turn on claims that 70 per cent of England’s personal protective equipment (PPE) supply is made in the UK, following an admission that it does not hold any official figures on where PPE is manufactured, City A.M. can reveal. The Department for Health and Social Care (DHSC) in September [...]
EY hit with €95m claim over tax scandal advice February 4, 2020 Big Four accountancy firm EY has been targeted with a €95m (£80.5m) lawsuit for advice it gave to a collapsed bank that allegedly defrauded the German state. The administrator to Maple Bank filed the lawsuit against EY in Stuttgart. The claim relates to the so-called cum-ex scandal which led to the closure of Maple Bank [...]
Donald Trump baselessly claims ‘thousands of illegal votes’ counted in Pennsylvania November 7, 2020 President Donald Trump has doubled down on false claims that “illegal” votes have contributed to his poor performance in the US presidential election, as the incumbent lays the ground for further legal challenges to the result. Trump today took to Twitter to claim mail-in ballots in Pennsylvania were “illegal”, as rival Joe Biden continued to [...]
Coronavirus: Missouri sues Chinese government over handling of virus April 22, 2020 The Midwest state of Missouri has launched a lawsuit against China for the economic damage caused by the coronavirus pandemic. It says the economic losses is a direct result of the Asian state’s response to the original outbreak in Wuhan. The state’s attorney general Eric Schmitt filed the complaint, alleging that Missouri has lost tens [...]
Google to automatically delete search and location data June 25, 2020 Google will now automatically delete your search and location history after 18 months, as it attempts to assuage concerns from regulators that it controls too much information about individuals. Users will be able to toggle in their settings to wipe their data every three or 18 months, with the latter now automatically turned on. The [...]
Crypto app Abra launches interest accounts after illegal swaps penalty July 28, 2020 Cryptocurrency investing app Abra has today launched interest-earning accounts, as it recovers after settling with US regulators over allegations it illegally offered swaps to users. Abra will now offer investors up to nine per cent annual interest on their holdings of crypto and so-called US dollar stablecoins — digital currencies tethered to the value of [...]
Facebook sues EU regulator for invading employee privacy in antitrust probe July 27, 2020 Facebook has said it is suing the EU antitrust regulator for attempting to gain information beyond what is necessary for its case against the firm. The tech giant said this included seeking highly personal details from its employees, such as medical history and information about family members. The European Commission has been probing Facebook since [...]
Uber’s food delivery business doubles but demand for rides falters August 6, 2020 Uber said demand for its food-delivery service doubled in the second quarter as users were locked down due to the pandemic, while demand for rides was hit. The company maintained it was sticking to its goal of being profitable on an adjusted basis before the end of next year. Today it reported that revenue in [...]
Wework sues Softbank over scrapped $3bn tender offer April 7, 2020 Wework’s special committee is suing Softbank over the Japanese investment giant’s decision to abandon a $3bn (£2.4bn) share purchase, the company confirmed today. Softbank, which holds a controlling stake in Wework, agreed to the tender offer last year as part of a dramatic rescue plan, but withdrew citing the coworking firm’s failure to meet “certain [...]