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Corporate news

Mega says US urged PayPal to cease working with it based on end-to-end encryption
PayPal will no longer process customer payments for the cloud-storage service Mega based on the latter’s use of client-side encryption. Kim Dotcom’s Mega says the decision stems from powerful American corporate influences leaning on the e-commerce site.

27.02.2015 19:02

Apple worth more than double nearest runner-up Exxon
Apple’s shares continue to soar, setting record highs. Its market cap has now reached $765 billion, which means the company has pulled off the rare feat of being worth twice as much as the second-place publicly traded US company – Exxon.

23.02.2015 20:18

‘Eye popping’ City bonuses highlight scale of UK inequality – tax justice group
Bonuses paid by financial firms since the onslaught of the financial crisis will surpass £100 billion in 2015. Campaigners warn that Britain’s finance sector is continuing to breed inequality, while ordinary taxpayers clean up the mess.

23.02.2015 16:01

Free at last: Deal allowing US customers to unlock cell phones comes into force
Cell phone owners can now unlock their mobile devices to switch to another, compatible wireless provider ‒ as long as the consumer meets a specific set of criteria. The ability is the result of an agreement between the industry and the US government.

12.02.2015 17:08

​UK to benefit from oil price slump, says think tank
The fall in oil prices will significantly benefit Britain’s economy, a leading think tank has said, as the country continues to outperform most European countries in economic growth.

10.02.2015 13:08

​McDonald’s January sales fall 1.8% due to Asian food safety scare
The world’s largest fast-food chain said its global sales fell steeper than expected in January weighed down by food safety scandals in China and Japan.

10.02.2015 10:20

​‘Crisis of public trust’ as British business puts profits over ethics – survey
The Forum of Private Business (FPB) has warned UK firms are facing a ‘crisis in confidence’ due to poor ethical standards. In a survey, three-quarters of respondents felt businesses were putting profits ahead of ethical responsibilities.

09.02.2015 14:50

Accountancy giant PWC promotes ‘industrial scale tax avoidance’ – MPs
Accountancy firm PricewaterhouseCoopers (PwC) has deceived parliament and is facilitating and promoting “industrial scale” tax avoidance, MPs warned in a report published on Friday.

06.02.2015 09:15

Petrobras CEO, 5 top managers resign amid Brazil’s biggest corruption scandal
The president of Brazilian state oil company Petrobras (Petroleo Brasileiro) Maria das Graca Foster has resigned along with five of the company’s top executives in the middle of a corruption scandal involving billions of dollars.

05.02.2015 06:58

Obama admin balks at much-touted clean-coal project
The Obama administration has canceled $1 billion in funding for the FutureGen project, a flagship clean-coal initiative aimed at refitting a coal-fired power plant in Illinois in order to store carbon dioxide underground.

04.02.2015 18:32

​Hack will cost Sony upwards of $35 million
Sony has finally put a price tag on the massive, multi-million dollar cyber- attack it suffered late last year, but the corporation expects the damage to barely make a dent in its bottom line.

04.02.2015 14:50

Alibaba drone deliveries to quench China’s thirst for tea
Chinese e-commerce giant Alibaba launched the maiden voyage of a drone delivery service that promises to have a cup of tea in subscribers’ hands within an hour.

04.02.2015 11:51