Wednesday, 21 February 2018

Business

Baby formula recalled worldwide over salmonella scare

formula milk

HONG KONG: Baby formula is being pulled from shelves around the world after French authorities ordered a leading dairy company to stop selling hundreds of products because of concerns about food safety. French firm Lactalis is recalling formula destined for markets including China, Greece, Pakistan and Peru after 26 infants ...

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HSBC set free from deferred US criminal charges

HSBC

LONDON: The US Department of Justice has given HSBC a significant boost by dismissing the deferred criminal charges that have been hanging over the bank since it was fined for money laundering and sanctions breaches five years ago. The decision by the DoJ lifts the threat of criminal prosecution that ...

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London Gets New Electric Taxis

London Gets New Electric Taxis

LONDON: The city of London is doing a lot of work to improve the quality of its air. Perhaps more US cities could pay attention to what the English capital is doing instead of incessant fruitless political debates that go nowhere? It’s hard to get away from the fruitless political ...

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Sri Lankan Hambantota port formally handed over to China

Hambantota-port

COLOMBO: The Hambantota port was today formally handed over to a China-led company and Sri Lanka received its initial payment for the lease. Following the signing of an agreement, the port operations was handed over to Hambantota International Port Group (HIPG) and Hambantota International Port Services (HIPS). China Merchants Port ...

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Uber agrees to settle US lawsuit filed by Indian rape victim

uber

SAN FRANCISCO: Uber Technologies Inc and a woman who accused top executives of improperly obtaining her medical records after a company driver raped her in India have agreed to settle a civil lawsuit the woman filed against Uber in June, according to a U.S. federal court filing on Friday. The ...

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Uber pays $100000 to 20-year-old man to hide hack, destroy data

uber

FLORIDA: Uber reportedly paid a hacker from Florida $100,000 under the guise of a bug bounty program to keep quiet about a data breach which exposed information belonging to 57 million users. According to three unnamed sources, a 20-year-old was responsible for the catastrophic data breach, rather than a sophisticated ...

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Hackers steal $64 million from cryptocurrency firm NiceHash

nicehash

LONDON: A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about $64 million worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to booming digital currencies. NiceHash matches people looking to sell processing time on computers in ...

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UK house prices rise by more than expected in November

UK HOUSES

LONDON: British house prices rose by more than expected in November and for a fifth month in a row, mortgage lender Halifax said on Thursday. House prices rose 0.5 percent month-on-month after a 0.3 percent rise in October, Halifax said, topping the consensus in a Reuters poll of economists for ...

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Yahoo parent sues Mozilla for replacing it with Google as Firefox default search

yahoo-firefox

NEW YORK: Roughly three years ago, Yahoo and Mozilla announced that Yahoo would be the default search engine on Firefox in the US. That relationship ended early when Mozilla released the much-improved Firefox Quantum browser last month, with Google as the default search provider. Now, Yahoo’s parent company, Oath (Verizon), is suing Mozilla for breach ...

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