Tiktok accused of secretly sending US user data to China December 3, 2019 Chinese social media platform Tiktok has been accused of transferring “vast quantities” of user data to China, despite its assurances that all data was stored in the US. A class-action lawsuit filed in California said Tiktok “clandestinely has vacuumed up and transferred to servers in China vast quantities of private and personally-identifiable user data”. Read [...]
Nigeria files $1.1bn lawsuit against Eni and Shell over alleged corruption December 13, 2018 Shell and Italian Eni have been hit with a $1.1bn (£870m) lawsuit as the Nigerian government accused the companies of bribery. The allegations, which are tied a deal for the licence on the OPL 245 oilfield, have been filed in London, the government revealed. “It is alleged that purchase monies purportedly paid to the Federal [...]
US election: Where do Trump and Biden stand on tech issues? October 28, 2020 The bosses of Facebook, Twitter and Google are this afternoon appearing in front of a US Senate committee to face questions over key issues of tech regulation. With tech titans facing increased scrutiny in their home country, the topic is likely to be a key policy issue in the run-up to the presidential election. So [...]
G4S shares down as it reveals $130m payout for class action lawsuit involving 13,500 employees January 23, 2019 G4S shares down after the company revealed late on Tuesday it has agreed a settlement of up to $130m in a class action against the firm in the US. The FTSE 250 company said its US secure solutions arm had agreed to settle the class action case, centring around claims for meal and rest breaks [...]
Ghislaine Maxwell denies knowledge of sexual abuse by Jeffrey Epstein, court transcripts show October 22, 2020 Ghislaine Maxwell said she never witnessed “inappropriate underage activities” by Jeffrey Epstein, according to unsealed court documents from a 2016 deposition that the British socialite fought to keep secret. The deposition was made in a now-settled civil defamation lawsuit brought by Virginia Giuffre, who has said Epstein kept her as a “sex slave” with Maxwell’s [...]
Crypto firms move to stop bad actors as Bitcoin price predictions go wild April 28, 2020 Last week the price of Bitcoin (BTC) moved from $6,800 to close in on the $7,000 mark. Successfully breaching the $7,000 level, the cryptocurrency’s price jumped to over $7,500, and has continued its momentum to trade at the time of writing at $7,700. Ether (ETH), the second-largest cryptocurrency by market capitalization, has moved up from [...]
Do no harm: An interview with David Newns April 29, 2021 Are successful entrepreneurs born with it, or made through their circumstances? In David Newns’ case, it was a bit of both. The son of a biscuit factory worker, growing up in a poor part of Blackpool, from an early age Newns had a goal to be financially independent. Now 36, Newns has founded and helmed [...]
Elon Musk calls for end of lockdown ahead of Tesla first quarter earnings April 29, 2020 Billionaire Tesla boss Elon Musk today called for the end of the US coronavirus lockdown ahead of the electric car company’s first quarter results tonight. Musk tweeted: “FREE AMERICA NOW” and separately tweeted “give people their freedom back!” He also tweeted a story about the relaxation of lockdown in Texas with the comment: “Bravo Texas!” [...]
Was that the Dip? Crypto markets bounce back! January 12, 2021 Crypto at a Glance The decision by some news outlets to declare a bear market yesterday, mere seconds into what was a widely-expected retrace, was always going to leave them at risk of having egg on their face when it rebounded. But then, they’re probably used to wiping yolk off their sweaty brows when it [...]
Bitcoin sees major retrace January 11, 2021 Crypto at a Glance After the parabolic excitement of last week, it was back down to Earth with a bang last night for bitcoin fans – albeit somewhat predictably. The leading cryptocurrency by market cap dropped more than $7,000 in a matter of hours – a fall that was echoed across the space, as many alt [...]