Award News

Technology

Google search engine
  • by Google seeks antitrust action against Microsoft in the UK cloud market.
  • Dec 01, 2023
Google seeks antitrust action against Microsoft in the UK cloud market.

According to a letter obtained by Reuters, Google (GOOGL.O) has asked Britain's antitrust regulator to take action against Microsoft (MSFT.O), claiming that its business practices have put competitors at a significant disadvantage.

read more
Meta introduces AI-powered video editing tools
Cybersecurity
  • by Gang says ICBC paid ransom over hack that disrupted US Treasury market
  • Nov 14, 2023
Gang says ICBC paid ransom over hack that disrupted US Treasury market

The Industrial and Commercial Bank of China, China's largest lender, paid a ransom after being attacked last week, a Lockbit ransomware gang spokesperson said on Monday in a statement that Reuters could not independently verify.

read more

Latest NEWS

Banking

Swiss Banque Pictet pays $123 million for assisting clients in evading US taxes

According to federal prosecutors, Swiss private bank Banque Pictet has admitted to assisting US taxpayers in hiding more than $5.6 billion from the Internal Revenue Service (IRS) and has entered into a deferred prosecution agreement with the Justice Department.

EU loophole allows banks to avoid ECB crypto monitoring; needs to be addressed - Enria

The European Union's laws to protect the financial system from risks posed by cryptocurrencies contain a loophole that allows banks to avoid some safeguards and should be corrected immediately, according to Andrea Enria, top supervisor of the European Central Bank.

In October, G10 central banks reached a rate plateau, but developing markets diverged

For the first time since January 2022, central banks in major developed nations did not raise interest rates in September, while emerging markets maintained their split between easing in Latin America and much of central Europe and tightening in Asia.

TSB is one of the first UK bank to reimburse clients who have been conned by fraudsters

The Payment Systems Regulator (PSR) announced on Tuesday that TSB came first among Britain's major banks in reimbursing consumers duped by fraudsters in its first public evaluation of how individual lenders manage fraud.

Following the takeover of Credit Suisse, UBS has restructured its domestic business board

UBS (UBSG.S) announced on Friday that it will restructure the board of its domestic Swiss company following its acquisition of Credit Suisse, including a new chairman to oversee both businesses.