Category: Business & Finance

EU budget: Talks end amid stand-off between ‘frugal’ and other nations

Image copyright AFP Image caption “We don’t need Britain to show disunity,” said France’s Emmanuel Macron An EU budget summit ended without agreement on Friday following a stand-off between wealthy “frugal” member states and other countries. The so-called “frugal four” of Denmark, Austria, Sweden and the Netherlands said they would not accept a budget of […]

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Wells Fargo reaches $3bn fake accounts settlement

Image copyright Getty Images Wells Fargo, a major US bank, has agreed to pay $3bn (£2.3bn) to resolve a government investigation into its sales practices, including opening fake customer accounts. The bank admitted it had wrongly collected millions of dollars in fees, misused customer information and harmed the credit rating of customers. The settlement comes […]

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Federal prosecutors investigating whether Boeing pilot knowingly lied to FAA: NYT

FILE PHOTO: Grounded Boeing 737 MAX aircraft are seen parked in an aerial photo at Boeing Field in Seattle, Washington, U.S. July 1, 2019. REUTERS/Lindsey Wasson/File Photo (Reuters) – Federal prosecutors investigating Boeing Co (BA.N) are examining whether the U.S. planemaker knowingly misled the Federal Aviation Administration while it was seeking approval for its 737 […]

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Big tech cos pull out of San Francisco conferences on coronavirus concerns

FILE PHOTO: The Verizon store in Superior, Colorado, U.S., July 27, 2017. REUTERS/Rick Wilking (Reuters) – Verizon Communications Inc (VZ.N) has pulled out of the RSA cyber security conference due to coronavirus-related concerns, the organizer said here on Friday. RSA also said that AT&T Cybersecurity will not participate in the conference, taking the total number […]

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China Mints A Second Robotic Home Cleaner Billionaire

China smartphone maker Xiaomi, led by billionaire entrepeneur Lei Jun, pictured, invested in… [+] Roborock in 2014. Photographer: Shawn Koh/Bloomberg © 2019 Bloomberg Finance LP China added a second entrepreneur from the robotic home cleaning business to its ranks on Friday. Beijing Roborock Technology’s chairman Chang Jing’s holdings in the company were worth more than […]

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This Week In Credit Card News: Harriet Tubman Card Draws Backlash; Will Issuers Now Identify You By Your Walk?

Mastercard Is Pioneering New Payment Technology That Identifies Commuters By The Way They Walk Commuters may soon be able to ditch their bus pass and access public transport with technology identifying them by the way they walk. Mastercard is working with transport firms to develop a new system that would authenticate passengers by their gait. The […]

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