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(Eagle News) — The Land Transportation and Franchising Regulatory Board on Tuesday denied the motion for reconsideration filed by Uber on its one-month suspension. In a two-and-a-half page order, the LTFRB said the transport network company had violated the agency’s July 26 order for it to cease and desist from accepting applications for accreditation of Transport Network Vehicle Services. The July 26 order was issued after Uber and another TNC, Grab, were found to have […]
by Alex Pigman Agence France Presse The European Union hit Google with a record 2.4-billion-euro fine Tuesday for illegally favoring its shopping service in search results, in a fresh assault on United States firms that risks the wrath of President Donald Trump. Hard-charging European Commission competition chief Margrethe Vestager said the tech giant “abused its market dominance” as the world’s most popular search engine to give an advantage to its Google Shopping service. “What Google has […]
BRUSSELS, Belgium (CCTV) — The European Commission (EC) imposed a fine of 110 million euros (122 million U.S. dollars) on Facebook on Thursday for providing misleading information about the WhatsApp takeover. The decision was announced during a press briefing in Brussels, which came six months after the European Union’s (EU) executive arm opened a case against Facebook in December. After investigation, the Commission now concluded that Facebook has denied its capability of matching user accounts […]
by Heather SCOTT Agence France-Presse WASHINGTON, United States – The US government has slapped $1.2 billion in fines on Chinese telecom giant ZTE for violations of US export controls for selling goods to Iran and North Korea, officials announced Tuesday. It is the largest criminal penalty in US history in an export control case, US officials said, though there have been larger fines involving financial firms. The company will immediately pay $892 million, while another […]
LOS ANGELES, United States (AFP) — Los Angeles Lakers guard Jordan Clarkson was fined $15,000 for elbowing Miami Heat Guard Goran Dragic in a game, the NBA said Monday. The league said in a statement that Clarkson’s fine stemmed from his “forearm above the shoulders” to Dragic. Both players were ejected from the Lakers’ 127-100 win over the Heat on Friday. Clarkson used his forearm to shove Dragic to the court as they tangled in […]
NEW YORK, United States (AFP) — Golden State Warriors coach Steve Kerr was issued a $25,000 fine Sunday by the NBA for public criticism of officiating, ripping into league referees for uncalled traveling violations. The comments were made last Thursday when Kerr was being interviewed on radio station KNBR in the wake of Golden State’s 127-121 victory a night earlier at Toronto. When others noted the high number of missed traveling calls by NBA referees, […]
NEW YORK, United States (AFP) — New York Knicks guard Brandon Jennings was fined $15,000 by the NBA on Sunday for “inappropriate language” directed at a game official and failing to leave the court in a timely manner when he was tossed from a game. The incident occurred with 3:20 remaining in the Knicks’ 115-87 loss to the Celtics in Boston on Friday. Jennings was whistled for two technicals and was ejected from the game […]
(Reuters) HSBC will shed almost 50,000 jobs and take an ax to its investment bank, cutting the assets of Europe’s biggest lender by a quarter in a bid to simplify and improve its sluggish performance. The bank said on Tuesday (June 9) about half the staff cuts will come from the sale of businesses in Brazil and Turkey. The other half will come from cutting about 10 percent of the remaining 233,000 staff by consolidating […]
