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GM sued over deaths, injuries linked to ignition switch

July 30th, 2014 (0)
General Motors (GM.N) was hit Tuesday with a lawsuit brought on behalf of more than 650 people allegedly injured or killed in accidents involving cars that have been recalled this year for faulty ignition switches. The lawsuit was filed ...

Lords committee against the right to be forgotten

July 30th, 2014 (0)
The House of Lords expressed its opposition to the ‘right to be forgotten’ describing it as ‘unworkable, unreasonable and wrong in principle’, enforcing in this way the government’s opinion against the EU privacy protection laws. The principle, also referred ...

Economic sanctions on Russia from EU and U.S.

July 30th, 2014 (0)
EU governments have agreed to impose sweeping sanctions on Russia, targeting state-owned banks, imposing an arms embargo and restricting sales of sensitive technology and the export of equipment for the country’s oil industry, in response to Moscow’s continued backing ...

Prosecutors, defense spar over $150 billion forfeiture for Madoff aides

July 30th, 2014 (0)
Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial’s key question: What did they know, and when did they know ...

UBS, Deutsche Bank questioned by U.S. regulators on trading operations

July 29th, 2014 (0)
Germany’s Deutsche Bank (DBKGn.DE) and Switzerland’s UBS (UBSN.VX) were investigated by U.S. regulators, who are searching to find whether broker-run stock exchanges gave an unfair advantage to high-frequency traders. The investment banks, which said on Tuesday that they were ...

AFM warns for unauthorised firm

July 29th, 2014 (0)
The supervisory authority of Holland (Netherlands Authority for the Financial Markets – AFM), reports that the company Matheson Wang Group (www.mathesonwang.com), with declared headquarters in Hong Kong, is offering investment services without the required authorisation.   Source: consob

Existing law is enough for dealing with social media crime

July 29th, 2014 (0)
There is no need for any new laws in order to cope with crimes committed through social media, as peers explain. The ‘tentative’ conclusion of the House of Lords communications committee, set up in June, is that the criminal ...

Venezuelan Officers involved in Colombian Cocaine Traffic

July 29th, 2014 (0)
The head of Venezuelan military intelligence was involved on the payroll of a Colombian drug lord, invested his own money in drug shipments and personally coordinated the shipment of thousands of kilograms of cocaine, according to prosecutors in Miami ...

Russia faces more sanctions from the U.S. and Europe

July 29th, 2014 (0)
The United States and Europe have unitedly decided to increase the economic sanctions against Russia since they fear that Moscow might be planning an invasion in Ukraine soon. After months in which European leaders resisted going as far as ...

EY wins £2m Sage audit contract

July 28th, 2014 (0)
EY has won the audit contract for Sage, following a tender of the £2m deal. PwC will step down after completing accounts work to 30 September 2014, bringing its 26-year audit relationship with the FTSE 100 software business to ...
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