Friday, October 19, 2018

British Airways allegedly deplaned Indian family for crying child

The father has written to Aviation Minister Suresh Prabhu, and British Airways too has assured the family it will launch a probe into the matter. An Indian couple on board the British Airways flight from...

CapitaLand to step up asset sales despite $3.1b in divestments in H1

The move is expected to boost ROE. CapitaLand is expected to continue capital recycling opportunities in the second half of the year despite already posting a whopping $3.1b in divestments in H1, according to OCBC...

Samsung Steps Up Investment for Future Growth, Takes Initiative to Build Innovation Ecosystem

Total investments to reach KRW 180 trillion, direct employment of 40,000 over next 3 years Samsung announced plans to boost investments in businesses that will drive its future growth, committing to a KRW 25 trillion...

Aramco, Petronas tap banks for jumbo financing

Saudi Aramco and Petronas have approached banks to replace a short-term US$8bil loan raised earlier this year for a joint venture with long-term financing of approximately the same size, banking sources familiar with the...

Wells Fargo to pay $2.09 billion fine in mortgage settlement

Wells Fargo has agreed to pay a $2.09 billion fine for issuing mortgage loans it knew contained incorrect income information, the Justice Department announced Wednesday. The government said this activity contributed to the financial crisis. "Today's...

Apple started paying $15 billion European tax fine

It took a couple of years, but Apple has started to pay back illegal tax benefits to the Irish government. The company has paid $1.77 billion (€1.5 billion) into an escrow account designed to hold the...

FCC will investigate sketchy location tracking company

LocationSmart is now under investigation for allegedly leaking phone locations on its website. Not even a full day after phone tracking firm LocationSmart reportedly leaked location data on its website, the FCC is getting involved. As originally reported by Reuters,...

Paddy Power Betfair in talks to buy US sports company FanDuel

Paddy Power Betfair confirms it is in discussions regarding a potential combination of the group's US business and FanDuel Paddy Power Betfair are in talks to buy American fantasy sports company FanDuel in a...

AI and ML were the core highlights of Google I/O conference

With AI, Google is catering an array of advanced offerings that will boost how healthcare, news, appointments and emails are done The 2018 Google I/O conference, an annual developer event conducted by Google channelised its focus on...

Airberlin bankruptcy sends Etihad partner bond yields soaring

Investors are dumping debt sold by EA Partners, a special purpose vehicle that holds the equity stakes of Etihad Airways PJSC and its partner airlines, after airberlin Plc filed for insolvency in the...

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