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Corporate news

​68 percent of Britons ‘tricked’ by small print financial fees - poll
More than half of Britons say they have been hit with extra fees on their credit cards, bank accounts mortgage or insurance in the last year. Two thirds say lenders and insurers are tricking them with dubious and difficult to compare headline prices.

24.07.2014 13:32

Sky not the limit: AirBaltic first airline to accept bitcoin
Bitcoin’s latest expansion is into commercial airspace after Latvian airline airBaltic announced customers can start using bitcoins to pay for tickets. AirBaltic is the first airline to offer a bitcoin payment option.

23.07.2014 12:59

Time Warner enacts changes to fend off any future Murdoch takeover bids
Time Warner has changed its bylaws to prevent an unwanted takeover in the future. The move comes after the CNN parent company turned down an offer to be bought out by Fox News owner Rupert Murdoch last week.

22.07.2014 23:30

‘Rotten apologies’: McDonalds, Yum say sorry after reports they used outdated meat in China
China’s most popular fast food chains Yum Brands and McDonald's have apologized to customers after they suspended meat purchases from a Shanghai-based supplier under investigation for allegedly using rotten chicken and beef in its products.

21.07.2014 06:55

US sanctions hurt Europe more than America
The Association of European Businesses (AEB), a Moscow-based business lobby, said that new US sanctions against Russia have a more severe effect on European than on American business.

18.07.2014 07:34

​BofA hiring more junior staff to ease work strain
Bank of America (BofA) has decided to hire more junior staff for its global corporate and investment banking unit. It’s an effort to ease the workload and improve the work life balance of young bank employees.

16.07.2014 07:54

UK shareholders gear up for first-ever US lawsuit against BP over Deepwater Horizon losses
Major UK shareholders in BP have joined together to sue the British energy giant in the US over lost earnings from the infamous Deepwater Horizon oil rig blast in 2010. The case is the first in the US, where awards are much bigger than in the UK.

05.07.2014 05:44

Fiddling the books? EU to investigate Amazon’s tax rates in Luxembourg
Officials from the European Commission have demanded that Luxembourg hand over documents relating to book retailer Amazon’s tax affairs. The crackdown by the EU has already affected Apple, Starbucks and carmaker Fiat’s financial arm.

04.07.2014 15:09

Sneaky Facebook psychological experiment could cost the company £500,000
British authorities are investigating whether invasive psychological research by Facebook has broken UK data protection laws. If proven the world’s most popular social network could face a £500,000 fine.

02.07.2014 07:52

Visa and MasterCard no longer have right to block Russian cards
A new Russian law starting July 1 means Visa and MasterCard can no longer block Russian clients. It is part of legislation for a national payment system, and ensures electronic payments and protects Russians from being blocked after an incident in April.

01.07.2014 07:26

BNP Paribas near record $9bn settlement for violating US sanctions
France’s biggest bank has reportedly agreed an $8-9 billion settlement with US prosecutors over hiding $30 billion in money transfers to countries on the US sanctions blacklist. The fine against BNP Paribas could be a record for this type of violation.

23.06.2014 06:36

Elon Musk wants to build mega solar plant in NY
The man behind the Tesla electric car now wants to build one of the world’s largest solar panel plants in upstate New York. Rooftop solar installer SolarCity is expanding the effort to produce more panels in the US, not in China.

18.06.2014 14:19

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