Amazon fined record-breaking $887 million by EU over privacy law breach
Jul 31, 2021 23:56 pm UTC| Law Economy
Amazon faces a record-breaking $887 million (746 million) fine for violating the EUs signature privacy law, known as General Data Protection Regulation (GDPR), in an advertising-related decision. The fine was the...
Victoria’s Secret owner vows to strengthen sexual harassment policy in lawsuit settlement
Jul 30, 2021 23:52 pm UTC| Law Economy
Victorias Secret owner L Brands Inc. agreed to a settlement promising corporate governance and management measures, which includes strengthening policies against sexual harassment. Other workplace reforms included in...
Hahn & Co. mulls legal action against Namyang Dairy for takeover delay
Jul 30, 2021 23:51 pm UTC| Law Economy
Buyout firm Hahn Co. is considering legal action against Namyang Dairys ex-Chairman Hong Won-sik for delaying the 310.7 billion won buyout without consent. Namyang Dairy rescheduled the extraordinary shareholders...
Activision sued for 'frat boy' gaming culture
Jul 27, 2021 23:33 pm UTC| Economy Law
The California Department of Fair Employment and Housing (DFHE) sued Activision Blizzard Inc., alleging the company encourages a frat boy culture where female workers received lower pay, were promoted more slowly than male...
China orders Tencent to relinquish exclusive music label rights due to antitrust law violation
Jul 25, 2021 23:32 pm UTC| Economy Law
Chinas State Administration for Market Regulation ordered tech giant Tencent to relinquish its exclusive music label rights and fined it $77,144 after finding that the firm had violated antitrust laws. Tencent controls...
Coronavirus business loans: some directors may have defrauded billions from UK taxpayers
Jul 24, 2021 05:13 am UTC| Business Law
In the early days of the pandemic, UK chancellor Rishi Sunak announced business-loan schemes as part of the governments suite of measures to keep businesses on their feet. This offered businesses the chance to borrow tens...
Crocs sues Walmart, 19 others for alleged trademark infringment
Jul 23, 2021 23:50 pm UTC| Economy Law
Crocs filed four trademark infringement lawsuits in several US district courts against about 20 companies, including Walmart and Hobby Lobby. In one of the lawsuits filed in Colorado, Crocs alleges that Walmart is...
Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility
Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget
Biden administration tells employers to stop shackling workers with ‘noncompete agreements’
Labour can afford to be far more ambitious with its economic policies – voters are on board
IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects