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....It is used by about 11,000 financial institutions. The allegation is that third parties - known as Swift Service Bureaus - that provide access to Swift's network were targeted by the NSA, rather than Swift itself. ... [Read full article on BBC ]
Monday 17th of April 2017 10:27:49 AM
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....It sued four German companies over related claims in 2013. Prior to that it sued Robotic FX over allegations the military robotic specialist had stolen trade secrets, which led the Chicago-based company to dissolve in 2007. ... [Read full article on BBC ]
Tuesday 18th of April 2017 11:13:06 AM
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....Presenter Bill O'Reilly has been dropped from Fox News over sexual harassment claims, the company says. "After a thorough and careful review of the allegations. ... [Read full article on BBC ]
Wednesday 19th of April 2017 07:28:15 PM
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.... Some banks refuse to explain why, while others cite sanctions against Iran as the main reason. Blackstone Solicitors represents a string of Iranians who have taken high street banks to court over allegations of racial discrimination. ... [Read full article on Guardian ]
Friday 21st of April 2017 12:57:30 PM
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....According to New York Magazine, executives were holding emergency meetings on Wednesday morning to discuss how to get rid of Mr O'Reilly. The presenter, who has been with the network almost since its inception, has denied all of the allegations. ... [Read full article on BBC ]
Wednesday 19th of April 2017 04:25:30 PM
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. Vijay Mallya, the multimillionaire co-owner of the Force India Formula One team, has been arrested in London on behalf of Indian authorities investigating allegations of fraud in connection with the collapse of Kingfisher Airlines. ... [Read full article on Guardian ]
Tuesday 18th of April 2017 12:31:31 PM
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. The controversial Fox News host Bill O’Reilly has been dropped from the network after allegations of inappropriate behaviour and sexual harassment, in a development that could have significant implications for the Murdoch empire on both sides of the Atlantic. ... [Read full article on Guardian ]
Thursday 20th of April 2017 05:12:00 AM
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. Vijay Mallya, the multimillionaire co-owner of the Force India Formula One team and self-proclaimed “King of the Good Times”, does not appear to be preparing for his possible extradition to India to face a fraud trial on allegations over £1bn of unpaid debts. ... [Read full article on Guardian ]
Friday 21st of April 2017 01:43:58 PM
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Latest Finance News related to Allegation

Barclays boss’s spy act is a funny old business image
Source : Guardian [Read Article] Sunday 23rd of April 2017 06:00:05 AM
....Firstly, this will be chairman Douglas Flint’s final AGM – although that is hardly a shock as he announced his departure a year ago. Secondly, it is farewell to non-executive director Paul Walsh, who has been pressured by proxy voting groups including ISS and Glass Lewis into stepping down because of “over-boarding” allegations. ...
O’Reilly’s exit shows the sons are rising in the Murdoch empire image
Source : Guardian [Read Article] Sunday 23rd of April 2017 05:59:05 AM
.... But still not massive enough. Now see how the pall of sexual harassment allegations that forced Roger Ailes from the top of Fox News moves on to doom Bill O’Reilly, Fox’s greatest star. ...
'Vijay Mallya can't avoid the law': Herts villagers on 'fugitive' billionaire neighbour image
. Vijay Mallya, the multimillionaire co-owner of the Force India Formula One team and self-proclaimed “King of the Good Times”, does not appear to be preparing for his possible extradition to India to face a fraud trial on allegations over £1bn of unpaid debts. ...
UK bank accounts of Iranian customers still being closed, says law firm image
.... Some banks refuse to explain why, while others cite sanctions against Iran as the main reason. Blackstone Solicitors represents a string of Iranians who have taken high street banks to court over allegations of racial discrimination. ...
Sadly it was money – not morals – that forced Fox to boot Bill O'Reilly | Lucia Graves image
. It would be less accurate to say that Bill O’Reilly’s career ended amid allegations of sexual harassment than to say it ended amid an advertising boycott. ...
Fox forcing out Bill O’Reilly could appease critics of the Sky deal | Graham Ruddick image
. The controversial Fox News host Bill O’Reilly has been dropped from the network after allegations of inappropriate behaviour and sexual harassment, in a development that could have significant implications for the Murdoch empire on both sides of the Atlantic. ...
Fox dumps star presenter Bill O'Reilly image
Source : BBC [Read Article] Wednesday 19th of April 2017 07:28:15 PM
....Presenter Bill O'Reilly has been dropped from Fox News over sexual harassment claims, the company says. "After a thorough and careful review of the allegations. ...
Fox News 'to drop host Bill O'Reilly' after harassment cases image
Source : BBC [Read Article] Wednesday 19th of April 2017 04:25:30 PM
....According to New York Magazine, executives were holding emergency meetings on Wednesday morning to discuss how to get rid of Mr O'Reilly. The presenter, who has been with the network almost since its inception, has denied all of the allegations. ...
Force India F1 team boss Vijay Mallya arrested in London image
Source : Guardian [Read Article] Tuesday 18th of April 2017 12:31:31 PM
. Vijay Mallya, the multimillionaire co-owner of the Force India Formula One team, has been arrested in London on behalf of Indian authorities investigating allegations of fraud in connection with the collapse of Kingfisher Airlines. ...
iRobot sues Hoover and Black & Decker over robo-vacuums image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:13:06 AM
....It sued four German companies over related claims in 2013. Prior to that it sued Robotic FX over allegations the military robotic specialist had stolen trade secrets, which led the Chicago-based company to dissolve in 2007. ...
Microsoft patched 'NSA hack' Windows flaws before leak image
Source : BBC [Read Article] Monday 17th of April 2017 10:27:49 AM
....It is used by about 11,000 financial institutions. The allegation is that third parties - known as Swift Service Bureaus - that provide access to Swift's network were targeted by the NSA, rather than Swift itself. ...
Libor rigging: chancellor urged inquiry into Bank of England allegations image
....Revelations that the rate was rigged at the height of the financial crisis have led to banks being fined hundreds of millions of pounds from a variety of regulators, while bankers from Barclays and UBS have been jailed. In a letter to Hammond released over the weekend, McDonnell said new allegations potentially implicating the Bank of England “demand an immediate response from this government”. ...
United Airlines shows why it's time to deplane corporate-speak image
Source : Guardian [Read Article] Sunday 16th of April 2017 05:59:23 AM
.... Until David Dao was dragged off the US carrier’s flight there was a bright spotlight on Staley and Barclays’s own extraordinary gaffe: trying to find a whistleblower. A quick recap of the Barclays story: when Tim Main was hired to the bank in a senior position, a couple of letters were sent to the board and a senior executive making allegations about his past conduct. ...
Labour plans clampdown on 'sweetheart deals' to close £36bn tax gap image
Source : Guardian [Read Article] Friday 14th of April 2017 11:01:09 PM
....Successive governments, including Theresa May’s administration, have pledged to crack down on multinational companies gaming the international tax system to pay less tax. But accusations persist that some multinationals have been allowed to arrange so-called “sweetheart” deals with firms, including Google, Vodafone and Starbucks, to pay nominal sums to settle investigations into allegations of years of tax avoidance. ...
Here’s how to civilise Uber, and make the other ‘death stars’ work for us too | Deborah Orr image
.... Executive haemorrhage is by no means the company’s only problem. Among many other difficulties is the legal action Google’s parent company, Alphabet, is pursuing, following allegations that one of their former executives stole the research details of their self-driving technology arm, Waymo, and took them to Uber. ...
Hell of a ride: even a PR powerhouse couldn't get Uber on track image
Source : Guardian [Read Article] Friday 14th of April 2017 07:00:27 AM
....The taxi-hailing app had a reputation for aggressive and even underhand tactics, and a CEO, in Travis Kalanick, with a reputation as a gaffe-prone “tech bro”, but it was one of the fastest growing startups in the world, achieving a $50bn valuation (now almost $70bn) within just six years. However Whetstone departed the company this week amid a stunning array of scandals and controversies, including allegations of sexual harassment, a video of Kalanick berating an Uber driver, a legal battle with Google over the alleged theft of driverless car technology, the revelation that Uber used secret “Greyball” software to deceive city regulators, and allegations that the company had another program called “Hell” designed to spy on its arch-rival Lyft. ...
Trade agenda image
Source : BBC [Read Article] Thursday 13th of April 2017 11:17:15 PM
....And just days after meeting President Xi, Mr Trump said his administration would not label China a currency manipulator, rowing back on a campaign promise. China's critics have a wide-ranging list of allegations about unfair practices - subsidies to Chinese industries, dumping underpriced goods, and the theft of patents and copyright. ...
Uber allegedly used secret program to undermine rival Lyft image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:10:45 PM
....A secret Uber program internally dubbed “Hell” allegedly spied on arch-rival Lyft to determine which drivers were working double shifts for both companies, letting the cab-hire app steer more work towards them in an attempt to deprive its competitor of workers. The report of the “Hell” program continues a string of uncomfortable claims for the company, still dealing with the fall-out of a string of sexual harassment allegations at the beginning of the year, and now operating with a brand new head of public policy and communications following the departure of its previous PR chief, Rachel Whetstone, on Tuesday. ...
How Uber conquers a city in seven steps image
Source : Guardian [Read Article] Wednesday 12th of April 2017 03:19:57 PM
.... Uber’s “disruptive” approach has up until now attracted investors like flies, leading to its valuation snowballing to $69bn. However, a string of allegations about sexual harassment, intellectual property theft and driver manipulation have called into question the aggressiveness of its expansion practices. ...
Akzo Nobel faces call to axe chairman amid takeover battle image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:42:40 AM
....Elliott, which has a 3. 25% stake in Akzo, said it would respond to the company's allegations soon. ...
Uber's head of communications quits scandal-hit cab app image
Source : Guardian [Read Article] Wednesday 12th of April 2017 08:49:11 AM
....”. British Whetstone, who in 2003 was appointed Michael Howard’s chief of staff when he became Conservative leader , and is a friend of both David Cameron and George Osborne, also found herself at the centre of a more localised storm following allegations that she used her contacts to secure an advantageous deal for Uber in London. ...
The money machine: how a high-profile corruption investigation fell apart image
Source : Guardian [Read Article] Wednesday 12th of April 2017 05:00:26 AM
.... A transfer had been flagged as suspicious, and British authorities had frozen the account and initiated a money-laundering investigation. “This week the UK’s Serious Fraud Office (SFO) announced that it is investigating allegations of corruption linked to the Yanukovich regime and has obtained a court order to restrain assets valued at approximately $23m,” Grieve told the assembled delegates. ...
Barclays whistleblower case sparks calls for more protection image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:59:31 AM
....Whistleblowing charities and law firms have called for companies to offer more protection to workers who flag up internal problems after the chief executive of Barclays attempted to track down the author of anonymous letters. Jes Staley is being investigated by financial regulators and faces a significant cut to his pay after admitting trying to unmask a whistleblower who made allegations about a long-term associate he had brought to the bank. ...
Not so friendly skies image
Source : BBC [Read Article] Tuesday 11th of April 2017 09:03:55 AM
.... Look at Samsung, for example. The tech giant has just reported a stellar profit forecast despite facing corruption allegations and the embarrassment of exploding phones. ...
JD Sports' profits boosted by fashion for fitness wear image
Source : BBC [Read Article] Tuesday 11th of April 2017 07:22:03 AM
....A Channel 4 undercover investigation in December quoted workers saying conditions at its Kingsway distribution centre in Rochdale were "worse than a prison". JD Sports denied allegations that it operated a "three strikes" policy before dismissing workers over minor misdemeanours such as being caught with a cigarette lighter or using mobile phones, and that workers were being underpaid. ...
Shell admits dealing with money launderer image
Source : BBC [Read Article] Monday 10th of April 2017 11:36:26 PM
.... . A spokesperson for Goodluck Jonathan told the BBC that no charges or indictments have been brought or secured against the former president relating to this transaction and described the allegations as a "false narrative". ...
BBC to air recording that implicates Bank of England in Libor scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:45:56 PM
....The October 2008 conversation between Dearlove and Johnson was first reported in the recently published book on Libor rigging, The Fix, by Gavin Finch and Liam Vaughan. For the Bank of England, the recording returns unwelcome attention to its role during the Libor scandal after it was forced to deal with allegations about pressure on commercial banks during parliamentary hearings almost five years ago. ...
High court approves £129m fine for Tesco over accounting scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:18:16 PM
.... Entering into a DPA does not require an admission of wrongdoing. The DPA relates to allegations of false accounting between February and September 2014 against Tesco Stores Limited, a subsidiary of the retailer. ...
City regulators investigate Barclays boss Jes Staley image
Source : BBC [Read Article] Monday 10th of April 2017 06:32:38 AM
.... . "The allegations related to personal issues from many years ago, and the intent of the correspondents in airing all of this was, in my view, to maliciously smear this person. ...
'Punk' beer maker BrewDog sells 22% of firm to private equity house image
Source : Guardian [Read Article] Sunday 9th of April 2017 01:40:17 PM
.... @brewdog is now 22 per cent owned by a major private equity firm. The brewer has also recently battled allegations of behaving just like the big businesses it claims to scorn, after the Guardian revealed that it threatened legal action against two small businesses it said were infringing its trademarks. ...
Ofcom could decide that 100% of Sky is the limit for Murdoch image
Source : Guardian [Read Article] Sunday 9th of April 2017 06:00:00 AM
....Last summer, Roger Ailes, the spin wizard who created Fox News, was finally pushed from his perch. Exit, pursued by escalating allegations of sexual advances and grotesque behaviour. ...
Speedboat among £5.1m of assets seized in tax fraud investigation image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:53:57 PM
....Dozens of officers raided the couple’s homes in Macclesfield, the Netherlands and Austria in a complex international tax fraud investigation. A 46-year-old woman from Macclesfield was arrested during the raid, and a warrant has been issued for the arrest of a 51-year-old Dutch man in connection with allegations of money laundering and multimillion-pound tax avoidance. ...
Asos chief says warehouse conditions are 'great' despite complaints image
Source : Guardian [Read Article] Tuesday 4th of April 2017 05:13:48 PM
....He said the company would be spending £20m on developing the warehouse in the next 12 months, including putting in a wellness centre and gym for workers as well as new sorting equipment. He said Asos had addressed all the allegations made by the GMB and staff satisfaction had now increased. ...
Serious Fraud Office boss warns big names to play ball – or else image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
....Getting such well-known British companies to pay huge fines could be construed as a major victory for the SFO, which suffered a setback last year, after City brokers were found not guilty of helping Tom Hayes rig Libor interest rates. Rolls agreed to pay £671m to the SFO and the US Department of Justice over allegations that it bribed middle men around the world between 1989 and 2013. ...
South Africa leaders divided after President Zuma sacks Gordhan image
Source : BBC [Read Article] Thursday 30th of March 2017 10:39:38 PM
....Last October, Mr Gordhan was charged with fraud, but the charges were later dropped. He has described the allegations as politically motivated. ...
Samsung Galaxy S8 hides home button and gains Bixby AI image
Source : BBC [Read Article] Wednesday 29th of March 2017 03:00:35 PM
....4 Jan 2017: Brighter TVs - QLED-branded TVs, laptops and smart skin sensor unveiled at CES tech expo. 17 Feb 2017: Chief arrested - Vice-chairman of Samsung Electronics, Lee Jae-yong, faces bribery allegations. ...
Uber to shut down Denmark operation over new taxi laws image
Source : Guardian [Read Article] Tuesday 28th of March 2017 01:36:28 PM
....If, on the other hand, the judges decide Uber is an “information society service” – essentially, an online platform that connects independent drivers with passengers – it will be free to develop other low-cost and unlicensed services of the kind already banned in many European countries. Uber has also been hit by recent problems in the US following allegations of sexual harassment and the emergence of video of an abuse-filled row between its CEO, Travis Kalanick, and one of the company’s disgruntled drivers. ...
Tesco to pay £129m fine over accounting scandal image
Source : Guardian [Read Article] Tuesday 28th of March 2017 07:16:54 AM
.... Tesco’s case is scheduled to be heard on 10 April. The DPA with Tesco follows a settlement with Rolls-Royce in January that saw the aerospace and defence company agree to pay £671m over allegations that it bribed middlemen around the world between 1989 and 2013. ...
Access to justice was once a worker’s basic right. Now it’s a costly luxury | Aditya Chakrabortty image
.... Its statement reads in part: “We do not tolerate discrimination in the workplace and all claims … are investigated thoroughly. Following extensive investigation of the allegations brought against Cofely Workplace, all claims were denied and Cofely was formally discharged from the proceedings by the court on 24th May 2016. ...
Tesco and Serious Fraud Office near to deal over accounting scandal image
Source : Guardian [Read Article] Monday 27th of March 2017 05:46:01 PM
....The Tesco and Barclays investigations are two of the most high-profile cases ever to face the SFO. The fraud-busting agency has been heavily criticised by politicians in the past for the cost of failed investigations but it recorded a significant victory earlier this year when Rolls-Royce agreed to pay £671m to settle allegations that it bribed middlemen around the world between 1989 and 2013. ...
BrewDog accused of hypocrisy after forcing pub to change name image
Source : Guardian [Read Article] Sunday 26th of March 2017 04:42:58 PM
....The fast-growing Scottish brewer, which has burnished its underdog credentials with vocal criticism of how major brewers operate, recently launched a vodka brand called Lone Wolf. But it threatened legal action against a pub in Birmingham that opened under the same name, prompting allegations of bullying and hypocrisy from within the pubs and brewing community. ...
Viagogo's shady reputation grows as it shuns critics image
Source : Guardian [Read Article] Friday 24th of March 2017 06:02:46 PM
.... It has been criticised for providing a conduit for touts to sell tickets at huge mark-ups to fans despite knowing that they might be denied entry. It was also faced allegations of breaching consumer rights laws and withholding refunds from overcharged customers. ...
Police to examine 'Global Laundromat' money laundering allegations image
Source : Guardian [Read Article] Tuesday 21st of March 2017 06:33:29 PM
....Fraud investigators have launched a review of the activities of Britain’s high street banks following revelations in the Guardian about a $20bn money laundering scam that MPs described as a national disgrace and scandal. Forced to answer urgent questions in the House of Commons, the Treasury minister Simon Kirby announced the Financial Conduct Authority (FCA) and the National Crime Agency (NCA) would be examining allegations that Britain’s banks processed vast amounts of tainted money from Russian criminals without noticing. ...
City minister in right and proper pickle over financial crime image
Source : Guardian [Read Article] Tuesday 21st of March 2017 04:53:03 PM
.... Having recently been relieved of any involvement in Brexit after everyone realised he was hopelessly out of his depth, the Treasury was conducting a process of elimination to discover if there was anything he could do well. On the basis of his answers to an urgent question from Labour on the Guardian’s allegations about British banks processing billions of pounds of dirty Russian money, the answer might well be nothing. ...
Viagogo snubs MPs' inquiry into online ticket reselling image
Source : Guardian [Read Article] Tuesday 21st of March 2017 10:57:46 AM
....Controversial ticket resale website Viagogo was accused of “naked mis-selling and fraud”, as it delivered an almost unprecedented snub to MPs by failing to show up for a select committee hearing. MPs on the department for culture, media and sport committee heard allegations from music industry figures and fans about Viagogo, which allows touts to advertise tickets for huge mark-ups even before they go on sale, in return for a cut of up to 25% of the selling price. ...
K-Drama image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:11:15 AM
....His lawyer said the payments in question were organised by his father without Shin Dong-bin's involvement, according to Reuters. The Lotte Group has said most of the allegations aren't directly linked to him as they involve events during the time his father was in charge. ...
Brazil meat scandal: China and EU suspend imports image
Source : BBC [Read Article] Monday 20th of March 2017 08:39:48 PM
. Some of the biggest consumers of Brazilian meat have suspended imports over allegations that companies have been selling unsafe produce for years. ...
Uber president quits firm saying its values are 'inconsistent' with his image
....Uber president Jeff Jones left the taxi-hailing firm after just six months in the job because working at Uber was incompatible with his values, he said. Jones’s departure is the latest blow to the San Francisco-based company, after revelations of a secret programme to evade law enforcement, allegations of workplace discrimination and sexual harassment, and a string of departures of high-level executives. ...
Uber faces further turmoil as company president Jeff Jones quits image
Source : Guardian [Read Article] Sunday 19th of March 2017 11:27:43 PM
....Jones is the latest in a string of high-level executives to leave the company. Last month, engineering executive Amit Singhal was asked to resign amid a sexual harassment allegation stemming from his previous job at Alphabet Inc’s Google. ...
'Brothers bling': lawsuit puts Nick and Christian Candy in spotlight image
Source : Guardian [Read Article] Saturday 18th of March 2017 09:00:35 AM
.... They have refused to blink, preferring to battle on until the bitter end. The allegations have drawn in an extraordinary cast of characters, from the pop star Katy Perry and the Queen’s grandchildren, Princesses Beatrice and Eugenie, all of whom attended Nick’s wedding, to the murdered Russian dissident Alexander Litvinenko, who worked for an investigations firm employed by the brothers. ...
Brazil meat-packing giants 'exported rotten beef' image
Source : BBC [Read Article] Friday 17th of March 2017 08:21:35 PM
. The authorities in Brazil suspended 33 government officials amid allegations that some of the country's biggest meat processors have been selling rotten beef and poultry for years. ...
Has the tech bubble peaked? Signs that the startup boom may be fizzling image
....”. Another echo of the dotcom era is what Dinan calls “bad habits” such as the allegations of sexual harassment at Uber and human resources startup Zenefits cheating on mandatory compliance training. ...
Russia denies Yahoo hack involvement image
Source : BBC [Read Article] Thursday 16th of March 2017 12:50:43 PM
. The Kremlin has denied allegations by US authorities that the FSB intelligence agency was involved in a huge data breach affecting Yahoo. ...
Rupert Murdoch's Sky bid to be investigated by UK regulator image
Source : Guardian [Read Article] Thursday 16th of March 2017 11:35:05 AM
....Nick Pollard, an Ofcom board member and former Sky News chief, has excused himself from the Fox investigation process. Pollard, who led the inquiry into the failure of BBC2’s Newsnight to broadcast an investigation into allegations of sexual abuse against Jimmy Savile, worked at Sky from 1996 to 2006. ...
Brazil prosecutor targets politicians in Petrobras scandal image
Source : BBC [Read Article] Tuesday 14th of March 2017 11:19:32 PM
....He took power promising to tackle corruption and restore fiscal discipline as Brazil faces its worst recession on record. But he has lost several ministers following corruption allegations, and the investigations may hamper his efforts to revive the economy and restore confidence, correspondents say. ...
Christian Candy's finance chief denies 'good cop, bad cop' game image
Source : Guardian [Read Article] Tuesday 14th of March 2017 05:51:04 PM
....” Dean denied this. The court had previously heard an allegation that a property agent at Savills had passed a confidential property valuation, prepared for Holyoake’s villa in Ibiza, to the Candy brothers. ...
Nick Candy denies claim he is jointly in charge of brother's CPC empire image
. Nick Candy has denied allegations that the distinction between his business empire and that of his brother is “pure fantasy”, as a £132m high court tussle with a former university friend delved into the duo’s tax affairs. ...
Democrats question Trump 'conflict of interest' with Deutsche Bank investigation image
....She cited the testimony of Jeff Sessions, the US attorney general, who swore under oath during his confirmation hearing that he had never had any contact with Russian officials during the presidential campaign, even though it was subsequently revealed that he had two meetings with the Russian ambassador to the US, Sergey Kislyak. Sessions has recused himself from the DoJ’s investigation into allegations that Russia meddled in the US election, possibly with the help of Trump campaign officials. ...
Has TalkTalk’s security been breached yet again? image
Source : Guardian [Read Article] Saturday 11th of March 2017 06:59:27 AM
....”. The fresh allegations come amid a long and delayed investigation by the Information Commissioner’s Office. ...
Nick Candy paid Katy Perry £1.2m to sing at his wedding, court told image
Source : Guardian [Read Article] Friday 10th of March 2017 05:00:20 PM
.... Holyoake says that during a phone call, Candy threatened that his brother might sell the loan to Russian debt collectors who would not hesitate to “seriously fucking hurt” Holyoake and his family. “What makes me sick about this case is the allegations that have been put that I threatened his family,” Candy told the court. ...
Uber stops using Greyball 'secret program' to dodge regulators image
Source : BBC [Read Article] Thursday 9th of March 2017 05:21:32 AM
....Uber has been hit by a series of controversies recently. A video of its chief Travis Kalanick swearing at a driver appeared on social media, and there had also been allegations the company had routinely ignored cases of sexual harassment. ...
Apple, Samsung and Microsoft react to Wikileaks' CIA dump image
Source : BBC [Read Article] Wednesday 8th of March 2017 09:32:08 AM
....Wikileaks published thousands of documents said to detail the US spy agency's hacking tools on Tuesday. They included allegations the CIA had developed ways to listen in on smartphone and smart TV microphones. ...
Uber's 'hustle-oriented' culture becomes a black mark on employees' résumés image
....Keala Lusk, a former Uber software engineer, wrote on Medium that during her time at Uber she saw “malicious fights for power, interns repeatedly putting in over 100 hours a week but only getting paid for 40, discrimination against women, and prejudice against the transgender community”. Uber responded to Lusk’s post in a statement, saying, “We take any and all allegations of this nature very seriously and have forwarded this to Eric Holder and Tammy Albarran to include in their investigation. ...
Switch hitch: Ofgem to look into improper exit-fee allegations image
Source : Guardian [Read Article] Monday 6th of March 2017 11:14:41 AM
. Ofgem is looking into allegations that energy suppliers have wrongly threatened to impose exit fees on householders switching away from them. ...
The oil deal, the disgraced former minister, and $800m paid via a UK bank image
.... But ordinary citizens of Nigeria have not seen a penny from the deal – which, it is alleged, was partly negotiated by two ex-MI6 officers hired by Shell as “business and investment advisers”. The astonishing allegations have been made by an Italian prosecutor, Fabio de Pasquale, whose previous scalps include former Italian leader Silvio Berlusconi. ...
No bed of roses image
Source : BBC [Read Article] Sunday 5th of March 2017 01:12:42 AM
.... . But beyond the vibrant fields of freshly cut roses and chrysanthemums, it's claimed that workers' rights are being exploited on an industrial scale, with allegations of low pay, unfair dismissals and sexual harassment of the predominantly female workforce. ...
Uber is smart, simple and seductive. But should we still be using it? image
.... There’s the fundamental question about Uber’s relationship with its drivers: are they self-employed, as it claims, or is Uber taking advantage of people who should be employees?. And in the last month, it has faced serious allegations about sexual harassment, as early-stage investors have lambasted its “destructive culture”. ...
Christian Candy tells high court: ‘I don’t deal with shady people’ image
. Property tycoon Christian Candy has rejected allegations that he intimidated a business associate by threatening to hire a debt collector, telling the high court: “I don’t deal with shady people. ...
NHS 'overcharged' by drug makers' non-compete deal, says CMA image
Source : BBC [Read Article] Friday 3rd of March 2017 08:39:04 AM
....The CMA accused the firms of agreeing between January 2013 and June 2016 that Concordia would not launch its own version of the drug, leaving Actavis as the sole supplier to the NHS for much of that time. Pharmaceutical firm Teva confirmed Actavis UK was the subject of "allegations of anti-competitive conduct" from the CMA. ...
Bitcoin value tops gold for first time image
Source : BBC [Read Article] Friday 3rd of March 2017 01:16:15 AM
.... . The website Silk Road was closed in 2013 following raids by the FBI and other agencies amid allegations of drug dealing. ...
Capita boss to quit amid profit fall image
Source : BBC [Read Article] Thursday 2nd of March 2017 08:19:35 AM
....Capita has also been under fire over the way it collects the TV licence fee. Capita, which collects the fee on behalf of the BBC, is now under investigation by the corporation after allegations that its collectors targeted vulnerable people, spurred on by an aggressive incentive scheme. ...
Samsung heir Lee Jae-yong to be indicted on bribery charges image
Source : BBC [Read Article] Tuesday 28th of February 2017 07:14:00 AM
.... They alleged this was done to win government support for a big restructuring of Samsung that would help a smooth leadership transition in favour of Mr Lee, who is standing in as chairman for his ill father, Lee Kun-hee. The controversial merger required support from the national pension fund - the allegation is that this support was granted in return for the donations. ...
Uber executive resigns after failing to disclose prior sexual harassment claim image
....The top engineering executive at Uber has resigned, adding to the company’s turmoil a week after the company found itself in an unrelated sexual harassment firestorm. Amit Singhal, whose hire was announced just five weeks ago, failed to disclose that he’d left his previous job at Google because of a sexual harassment allegation, according to the tech blog Recode. ...
Theresa May must block London Stock Exchange bids until after Brexit | Nils Pratley image
....5m (£3. 8m) share purchase by Carsten Kengeter, the Deutsche chief executive who had been lined up to lead the merged business (and who denies the allegations), is an unresolved difficulty. ...
Barclays: triple the profits, but still a work in progress | Nils Pratley image
Source : Guardian [Read Article] Friday 24th of February 2017 07:09:13 AM
....Staley’s other big call has been to refuse a settlement with the US Department of Justice over distributing mortgage junk between 2005 and 2007. Barclays thinks the department’s claims are “disconnected from the facts” and that it has a duty to defend itself “against unreasonable allegations and demands”. ...
India police arrest 'world's cheapest smartphone' firm boss image
Source : BBC [Read Article] Friday 24th of February 2017 05:59:23 AM
. The director of Ringing Bells, the Indian firm which claimed to be selling the world's cheapest smartphone, has been arrested on allegations of fraud. ...
Former IMF chief gets four years in jail for embezzlement in Spain image
Source : Guardian [Read Article] Thursday 23rd of February 2017 04:40:36 PM
.... Several PP officials, including Luis Bárcenas, a former party treasurer and Rajoy ally, are on trial for alleged involvement in a huge kickbacks-for-contracts scheme involving businesspeople and senior PP members. Rita Barberá, a PP senator who died last November, had resigned from the party two months earlier after the supreme court announced an investigation into allegations of money laundering during her two-and-a-half decade run as mayor of Valencia. ...
FTSE dragged down by ex-dividend firms image
Source : BBC [Read Article] Thursday 23rd of February 2017 12:36:49 PM
.... . Shareholders baulked at warnings from chairman John McFarlane that "significant challenges remain" as the bank fights US authorities over allegations surrounding its part in a mortgage bond mis-selling scandal. ...

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