United States has piled on additional sanctions against Iran targeting 35 entities and vessels that it says are part of a “shadow fleet of vessels” transporting cargoes of Iranian petroleum…
Category: Business News
USA: Microsoft faces £1bn class action case in UK over software prices
Thousands of UK businesses could receive payouts if a legal claim filed against tech giant Microsoft is successful. Regulation expert Dr Maria Luisa Stasi is alleging the tech giant overcharged…
USA: Celsius founder Alex Mashinsky pleads guilty to two fraud counts
Alex Mashinsky, the founder and former CEO of cryptocurrency lender Celsius Network, has pleaded guilty in the United States to two counts of fraud.Mashinsky, 59, was indicted on July 13,…
UK: Theives stole van that contained 2,500 pies
A stolen van that contained 2,500 pies has been found by police, a Michelin-starred chef has confirmed. Tommy Banks, who runs award-winning restaurants in North Yorkshire, said the van had…
USA: Uber probed by US regulator over subscription plan
Uber is facing an investigation by the US Federal Trade Commission (FTC) into its flagship subscription plan, the company has said. As first reported by Bloomberg, the US consumer watchdog…
UK: Jaguar’s new concept car divides opinion
Luxury car maker Jaguar has unveiled its new electric concept car and, like a recent controversial teaser video, it has divided opinion. Some on social media said the new Type…
USA: Musk’s record $56bn pay deal rejected for second time
Tesla chief executive Elon Musk’s record-breaking $56bn (£47bn) pay award will not be reinstated, a judge has ruled. The decision in the Delaware court comes after months of legal wrangling…
Vietnam: Tycoon loses death row appeal over world’s biggest bank fraud
Vietnamese property tycoon Truong My Lan has lost her appeal against her death sentence for masterminding the world’s biggest bank fraud. The 68-year-old is now in a race for her…
Norway: Authorities suspend controversial deep-sea mining plan
Norway has paused its controversial project to open up its seabed for commercial-scale deep-sea mining.Oslo had planned to let companies apply to mine 280,000 sq km (108,000 sq miles) of…
USA: Software giant Adobe accused of ‘trapping customers’
The US government has sued software giant Adobe, accusing it of violating consumer protection laws with “hidden” termination fees and a convoluted cancellation process. The Federal Trade Commission (FTC) said…