Search News
From To
Today's News
Displaying News From International

Uber loses UK appeal bid to overturn workers' rights decision2017/11/11
LONDON: Taxi app Uber [UBER.UL] lost a bid on Friday to overturn a decision by a tribunal which had said its drivers deserved workers' rights such as the minimum wage, in a blow to the company as it also battles to keep its license in London.
Uber immediately said it would appeal to higher courts against Friday's decision by the Employment Appeal Tribunal (EAT) in central London ...

Mobile-app errors expose data on 180 million phones: security firm2017/11/11
NEW YORK: A simple coding error in at least 685 apps put millions of smartphone users at risk of having some of their calls and text messages intercepted by hackers, cyber-security firm Appthority warned on Thursday.
Developers mistakenly coded credentials for accessing text messaging, calling and other services provided by Twilio Inc (TWLO ...

German regulator launches another probe into VW over scandal2017/11/11
BERLIN: Germany's financial watchdog said on Friday it was investigating whether Volkswagen illegally disclosed information about its emissions scandal to third parties, adding to the carmaker's legal headaches more than two years after the scandal broke.
Europe's largest automaker is already the subject of a probe by the BaFin watchdog over suspected insider trading related to its "Dieselgate" scandal, and an investigation by Braunschweig prosecutors over suspected market manipulation. 
Earlier this week, a German court also ruled an independent auditor should be appointed to investigate Volkswagen's (VOWG_p.DE) cheating of U.S. diesel engine tests, boosting investors' hopes for compensation. 
On Friday, German magazine Der Spiegel reported that Volkswagen's (VW) CEO at the time, Martin Winterkorn, informed then-Transport Minister Alexander Dobrindt and the head of Germany's KBA motor vehicle watchdog on Sept. 21, 2015, about the extent of the carmaker's cheating. 
But VW did not make public until Sept. 22, 2015, that about 11 million cars worldwide were fitted with emissions-cheating software and that it would set aside billions of euros to cover the potential cost of the scandal. 
"We are looking at this process with a view to a potentially unauthorized disclosure of inside information," a spokesman for BaFin said, confirming the Der Spiegel report. 
VW declined to comment on the latest BaFin investigation, but reiterated its view that its management board "duly fulfilled" its obligations regarding capital market disclosure rules. 
The Transport Ministry couldn't be reached for comment. 

Venezuela state power company defaults on $650 million bond: trustee2017/11/11
CARACAS: A Venezuelan state-run power company has defaulted on a $650 million bond that comes due in 2018 by failing to make an interest payment, the bond's trustee said on Friday, a confirmation of the OPEC nation's dire cash-flow crunch. 
The 'Elecar' bond, originally issued by Electricidad de Caracas but known as Corpoelec since its 2007 nationalization, had been due to pay a $28 million coupon on Oct ...

How Saudi Crown Prince purged royal family rivals2017/11/11
BEIRUT/RIYADH:  The first hint that something was amiss came in a letter.
On Saturday Nov. 4, guests at Riyadh's Ritz Carlton were notified by the opulent hotel that: "Due to unforeseen booking by local authorities which requires an elevated level of security, we are unable to accommodate guests ...

< 1 2 3 4 5 6 7 8 9 10 >