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.
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.
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.
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.
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.
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.
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.