Category: Business

China deletes millions of pieces of online information, thousands of apps in clean-up operation

China’s cyber watchdog said on Wednesday it had deleted more than 7 million pieces of online information as well as 9,382 mobile apps, and it criticized tech giant Tencent’s news app for spreading ‘vulgar information’. The Cyberspace Administration of China (CAC) said in a statement on its website the action was part of a clean-up… Read More China deletes millions of pieces of online information, thousands of apps in clean-up operation

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Volvo recalls about 200,000 cars over fuel leakage issues

Volvo Cars, which is owned by China’s Zhejiang Geely Holding Group, is voluntarily recalling about 200,000 cars after it found an engineering issue that could potentially cause fuel leakage in the engine compartment over time. The group said its probe had identified that some vehicles may have small cracks inside one of the fuel lines… Read More Volvo recalls about 200,000 cars over fuel leakage issues

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European Union fines MasterCard over €570million for cross-border barriers

The European Commission said on Tuesday it had fined Mastercard 570.6 million euros (an equivalent of $648.3 million) for limiting the possibility for merchants to benefit from better conditions offered by banks elsewhere in the European Union. “By preventing merchants from shopping around for better conditions offered by banks in other member states, Mastercard’s rules… Read More European Union fines MasterCard over €570million for cross-border barriers

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Russia launches civil cases against Facebook and Twitter

Russia’s communication watchdog said on Monday it was opening administrative proceedings against Twitter and Facebook for failing to explain how they plan to comply with local data laws, the Interfax news agency reported. Roskomnadzor, the watchdog, was quoted as saying that Twitter and Facebook had not explained how and when they would comply with legislation… Read More Russia launches civil cases against Facebook and Twitter

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Fire torches Guinness Nigeria brewery in Abia State

A wildfire on Friday engulfed parts of the Guinness Nigeria Plc, Aba Brewery, Abia, razing bottles, chemicals, office structures and furniture to ashes. Firefighters battled hard to contain the fire, which started at about 11 a.m. on Friday and blazed on till late in the evening. Okezie Uche, Aba Fire Service Commander, said that his… Read More Fire torches Guinness Nigeria brewery in Abia State

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Data breach affects hundreds of thousands of clients of Philippine financial service firm

Cebuana Lhuillier, a Philippine financial service provider, said on Saturday that the data of 900,000 clients had been accessed without authorization and that it had already alerted authorities to investigate the incident. The breach came as Philippine investigators were looking into allegations by the country’s foreign minister last week that a privately contracted firm took… Read More Data breach affects hundreds of thousands of clients of Philippine financial service firm

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Twenty-one killed, dozens injured following explosion of ruptured pipeline in central Mexico

At least 21 people were killed and 71 were injured on Friday when a pipeline ruptured by suspected fuel thieves exploded in central Mexico as dozens of people tried to fill up containers, state and federal authorities said. Mexican television footage showed flames leaping into the night sky in the municipality of Tlahuelilpan, in Hidalgo… Read More Twenty-one killed, dozens injured following explosion of ruptured pipeline in central Mexico

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Vanguard Group former chairman and co-founder John Bogle dies at 89

John Bogle, whose family’s struggles during the Great Depression led him to pioneer low-cost investing and to found Vanguard Group, now the world’s biggest mutual fund firm, died on Wednesday at the age of 89, Vanguard said. Bogle had been in frail health for years, surviving at least six heart attacks and receiving a heart… Read More Vanguard Group former chairman and co-founder John Bogle dies at 89

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