Facebook’s data deals with Microsoft, Apple and Amazon under grand jury scrutiny

Facebook’s 150 personal information sharing contracts with tech companies is now under a grand jury scrutiny. Question is can you ever trust Facebook? As per a report by the New York Times, U.S. federal prosecutors are conducting a criminal probe into data deals that Facebook Inc entered into with some of the world’s largest tech…

National Crime Agency & the Financial Conduct Authority investigating leaks in insider trading investigation

The NCA is investigating whether a government translator with access to wiretap recordings has tipped-off the target of an insider-trading investigation. As per a report from the Wall Street Journal, the UK National Crime Agency (NCA) is examining allegations that an employee has leaked information to a suspect for money, thus undermining a probe into…

Facebook initiates probe into billion investor George Soros

The probe comes midst George Soros labeling Facebook as a “menace to society”. The probe is aimed at finding out whether Soros shorted the company’s stock. Following a name calling by billion investor George Soros that Facebook is a “menace to society” Sheryl Sandberg, the social media’s Chief Operating Officer has requested a probe into…

U.S. Federal Aviation Administration probing safety data of Boeing 737 MAX 8 and MAX 9 models

The high priority probes comes in the wake of yet another crash of a Boeing aircraft in Indonesia. Following the crash of a Lion Air jet in Indonesia last month, the U.S. Federal Aviation Administration has launched a high-priority probe of the safety analyses performed over the years by Boeing Co. The regulator has stated,…

Hackers access a further 185,000 payment cards at British Airways

British Airways has clarified that customers who were potentially impacted by the hacking attack are those who opted for reward bookings between April 21 2018 and July 28 2018 using a payment card. In yet another hacker attack, the International Airlines Group disclosed following an investigation into the theft of customers’ data at its British…

Facebook staring at potential class-action lawsuit in Australia

The likelihood of the class-action lawsuit will depend on the findings of the Australian Information Commissioner which is probing Facebook’s improper handling of 311,000 Australian users’ data. On Tuesday, IMF Bentham Ltd, a litigation funding provider, disclosed it was funding a representative who has complained against Facebook Inc’s alleged breaches of Australia’s Privacy Principles. IMF…

China’s ZTE Corp loses $3 billion market capitalization after it agrees to pay U.S. fine

ZTE’s strategic move will, at least in the short run, allow it to resume operations and start sourcing components from the U.S. It is to be seen how the Trump Administration navigates ZTE’s stigma of posing as a national security threat to the U.S. in the Congress. On Wednesday, Chinese telecommunications giant ZTE Corp saw…

China Labor Watch pulls up Foxconn for labor conditions at its China plant

The usage of temporary workers at Foxconn’s plants have been an issue that has dogged the world’s largest contract manufacturer for many years now. Following a report by a U.S. watchdog that working conditions at one of Foxconn’s factory in China, which makes devices for Amazon, was harsh, Foxconn, also known as Hon Hai Precision…