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UK’s Supreme Court rules against Mastercard, Visa in retailers’ fees battle

Reuters
LONDON (Reuters) – Britain’s highest court on Wednesday upheld an earlier Court of Appeal ruling that credit card companies Visa (V.N) and Mastercard (MA.N) restricted competition in the way they set fees for retailers, opening the way for them to seek compensation. FILE PHOTO: A Visa credit card is seen......
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Huawei CFO raises new argument to fight U.S. extradition in Canada court

Reuters
VANCOUVER/NEW YORK (Reuters) – Huawei Chief Financial Officer Meng Wanzhou is raising a new argument in a Canadian court in a bid to fight extradition to the United States on bank fraud charges, court documents released on Monday showed. FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her......
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Six former eBay employees charged with cyberstalking Massachusetts couple

Reuters
(Reuters) – Six former eBay Inc (EBAY.O) employees have been criminally charged with cyberstalking a Massachusetts couple who published an online newsletter viewed as critical of the e-commerce company, federal prosecutors in Boston said on Monday. FILE PHOTO: An eBay logo is projected onto white boxes in this illustration picture......
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Systemic racism slows down economic growth, Dallas Fed chief says

Reuters
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir WASHINGTON (Reuters) – Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan......
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Systemic racism slows economic growth: Dallas Fed chief Kaplan

Reuters
FILE PHOTO: Dallas Federal Reserve Bank President Robert Kaplan speaks at the Commonwealth Club in San Francisco, U.S., October 11, 2019. REUTERS/Ann Saphir WASHINGTON (Reuters) – Systemic racism and high unemployment levels among black and Hispanic Americans create a drag on the U.S. economy, Dallas Federal Reserve President Robert Kaplan......
Reuters - Business

Factbox: What changes are companies making in response to George Floyd protests?

Reuters
(Reuters) – The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sampling: FILE PHOTO: Protesters rally against the......
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Canada spy agency warned of ‘shock waves’ from arrest of Huawei founder’s daughter

Reuters
FILE PHOTO: Huawei Technologies Chief Financial Officer Meng Wanzhou leaves her home to attend a court hearing in Vancouver, British Columbia, Canada May 27, 2020. REUTERS/Jennifer Gauthier TORONTO (Reuters) – Canada’s intelligence agency warned that arresting the daughter of billionaire Huawei founder Ren Zheng would set off global “shock waves”......
Reuters - Business

Google’s new rules clamp down on discriminatory housing, job ads

Reuters
FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. REUTERS/Arnd Wiegmann OAKLAND, Calif. (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Thursday it was tackling unlawful discrimination by barring housing, employment and credit ads from being targeted to its users based on their postal code,......
Reuters - Business

U.S. companies vow to fight racism but face critics on diversity

Reuters
(Reuters) – In the past, U.S. corporations have largely remained silent as protests erupted over killings of African-Americans by police officers. That changed with the May 25 death of George Floyd in Minneapolis, which has set off a flurry of corporate statements of solidarity with the black community – along......
Reuters - Business

Exclusive: Obscure Indian cyber firm spied on politicians, investors worldwide

Reuters
LONDON/WASHINGTON (Reuters) – A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period of seven years. Sumit Gupta, owner and director of cybersecurity firm BellTroX InfoTech Services, walks outside his office in New Delhi, India, June 8, 2020.......
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Men accused of helping ex-Nissan boss flee Japan challenge U.S. extradition case

Reuters
BOSTON (Reuters) – Lawyers for the former Green Beret and son wanted by Japan for helping former Nissan Motor Co (7201.T) boss Carlos Ghosn flee the country on Monday argued U.S. authorities wrongly arrested them for aiding a crime that they say does not exist in Japan: bail jumping. FILE......
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British financier Staveley’s $2 billion Barclays lawsuit hits High Court

Reuters
LONDON (Reuters) – British buinesswoman Amanda Staveley’s private equity firm told London’s High Court on Monday it had received a “substantially worse” deal than Qatar when its syndicate invested billions of pounds in Barclays (BARC.L) during the financial crisis in 2008. FILE PHOTO: Barclays’ building in Canary Wharf is seen......
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Samsung leader appears in court, awaits decision on whether he’ll be jailed again

Reuters
SEOUL (Reuters) – The de facto leader of Samsung Group, Jay Y. Lee, appeared before a South Korean court on Monday, awaiting a ruling on whether new allegations including accounting fraud and stock manipulation will send him back to jail after more than two years of freedom. Samsung Group heir......
Reuters - Business

Samsung heir appears in court for arrest warrant hearing

Reuters
Samsung Group heir Jay Y. Lee arrives for a court hearing to review a detention warrant request against him at the Seoul Central District Court in Seoul, South Korea, June 8, 2020. REUTERS/Kim Hong-Ji SEOUL (Reuters) – Samsung Group heir Jay Y. Lee appeared in court on Monday for a......
Reuters - Business

Court to decide whether to jail embattled Samsung heir again

Reuters
SEOUL (Reuters) – A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country’s top conglomerate. FILE PHOTO: Samsung......
Reuters - Business

‘Am I going to get shot?’ kids ask, as brands try to explain racism and violence to children

Reuters
NEW YORK (Reuters) – For 8 minutes and 46 seconds – the length of time it took George Floyd, an unarmed black man, to die at the hands of Minneapolis police – cable TV kids channel Nickelodeon’s screen went black on Tuesday to sounds of inhaling and exhaling, as white......
Reuters - Business

PG&E Corp preparing $11 billion debt financing: investor

Reuters
(Reuters) – California utility PG&E Corp (PCG.N) is preparing an $11 billion debt-financing package as it prepares to exit from its bankruptcy, an investor involved with the company’s funding plan said on Friday, sending its shares up more than 12%. FILE PHOTO: PG&E works on power lines to repair damage......
Reuters - Business

Bernard Madoff fails to win compassionate release from prison

Reuters
NEW YORK (Reuters) – A federal judge on Thursday rejected Bernard Madoff’s request to be released early from prison because he was dying of kidney failure, saying the swindler has never fully accepted responsibility for his massive, decades-long Ponzi scheme. FILE PHOTO: Accused swindler Bernard Madoff exits the Manhattan federal......
Reuters - Business

South Korea seeks arrest of Samsung heir in succession probe

Reuters
SEOUL (Reuters) – South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a controversial 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans. FILE PHOTO: Samsung Electronics Vice Chairman, Jay......
Reuters - Business

South Korea seeks arrest warrant for Samsung heir in merger probe

Reuters
FILE PHOTO: Samsung Electronics Vice Chairman, Jay Y. Lee, speaks during a news conference at a company’s office building in Seoul, South Korea, May 6, 2020. REUTERS/Kim Hong-Ji/Pool/File Photo SEOUL (Reuters) – South Korean prosecutors have requested an arrest warrant against Samsung Group heir Jay Y. Lee and two former......

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