Peugeot, Fiat Chrysler hold talks over $50billion merger

The boards of French automaker Peugeot SA and Fiat Chrysler Automobiles NV on Wednesday agreed to pursue a $50 billion merger, sources familiar with the matter said, a deal that could transform the global auto industry. The two companies have yet to announce a formal agreement, and a deal could collapse as executives dig into… Read More Peugeot, Fiat Chrysler hold talks over $50billion merger

Facebook agrees to pay £500,000 fine over Cambridge Analytica scandal

Facebook has agreed to pay a 500,000 pound (an equivalent of $644,000) fine for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica, Britain’s information rights regulator said on Wednesday. Facebook CEO Mark Zuckerberg has faced questioning by U.S. and EU lawmakers over how the political consultancy obtained the… Read More Facebook agrees to pay £500,000 fine over Cambridge Analytica scandal

Twitter set to ban global political advertising from November 22

Twitter Inc will ban political advertising on its platform next month, the company’s chief executive said on Wednesday, a move that won praise from Democrats and scorn from Donald Trump’s presidential campaign. “We’ve made the decision to stop all political advertising on Twitter globally,” said Twitter CEO Jack Dorsey in a statement. “We believe political… Read More Twitter set to ban global political advertising from November 22

Scores dead, injured as fire sweeps through train in Pakistan

A fire swept through a Pakistani train on Thursday, killing at least 65 people and injuring nearly 40 after a gas canister that passengers were using to cook breakfast exploded, government officials said. The fire destroyed three of the train’s carriages near the town of Rahim Yar Khan in the south of Punjab province. It… Read More Scores dead, injured as fire sweeps through train in Pakistan