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Vodafone Idea makes $7 billion loss after provisions for government dues

Friday, November 15, 2019, 6:01 PM

Vodafone Idea makes $7 billion loss after provisions for government dues

Indian mobile carrier Vodafone Idea reported the biggest quarterly loss in India's corporate history after making provisions for outstanding government dues. Indian mobile carrier Vodafone Idea on Thursday reported the biggest quarterly loss in India's corporate history after making provisions for outstanding government dues. Vodafone-Idea and rival Bharti Airtel, two of India's three main-mobile-carriers, will have to pay a bulk of this state demand.

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PayPal halts payment support to PornHub models

Friday, November 15, 2019, 1:09 PM

PayPal halts payment support to PornHub models

PayPal Holdings Inc said it had stopped payment support to PornHub's models after it found the adult entertainment website made certain payments without the permission of the payment processor. "Following a review, we have discovered that PornHub has made certain business payments through PayPal without seeking our permission. We have taken action to stop these transactions from occurring," PayPal said in an email statement.

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'Pam, pam, pam': Hong Kong police open fire, wounding protester

Monday, November 11, 2019, 10:08 AM

'Pam, pam, pam': Hong Kong police open fire, wounding protester

Hong Kong police opened fire and hit at least one protester on Monday, witnesses and media reports said, as chaos erupted across the city a day after officers fired tear gas to break up demonstrations that are entering their sixth month. Police fired live rounds at protesters on the eastern side of Hong Kong island, Cable TV and other Hong Kong media reported.

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Uber's quarterly loss widens as costs rise; shares fall

Tuesday, November 5, 2019, 8:14 AM

Uber's quarterly loss widens as costs rise; shares fall

Uber Technologies Inc (UBER.N) on Monday posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures, sending its shares down 5.5% in after-hours trading. Nevertheless, the company promised it would be profitable by the end of 2021 as quarterly revenues, driven by its global ride-hailing business, beat expectations.

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New Delhi declares public emergency as pollution at year's worst

Saturday, November 2, 2019, 7:53 AM

New Delhi declares public emergency as pollution at year's worst

Authorities in New Delhi declared a public health emergency on November 1 and closed schools and all construction activity until next week as air pollution in the city hit its worst level this year. A thick haze has hung over the Indian capital this week caused by plumes of toxic smoke from farm fires raging in neighbouring states.

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Iran's Zarif calls on U.S. to return to 2015 nuclear deal

Saturday, November 2, 2019, 7:50 AM

Iran's Zarif calls on U.S. to return to 2015 nuclear deal

The United States should return to a 2015 nuclear deal between Iran and major powers, Iranian Foreign Minister Mohammad Javad Zarif said on Friday, saying the new U.S. sanctions imposed on Tehran showed failure of Washington's policy. "Rather than dig itself deeper, US should abandon failed policies & return to #JCPOA (the 2015 nuclear deal)," Zarif tweeted.

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Canada denies sharing Huawei CFO Meng's devices details with FBI: court documents

Friday, November 1, 2019, 7:47 PM

Canada denies sharing Huawei CFO Meng's devices details with FBI: court documents

The Canadian attorney general has filed affidavits asserting that information identifying Huawei Chief Financial Officer Meng Wanzhou's electronic devices was not shared with the United States Federal Bureau of Investigation (FBI) during her December 2018 arrest in Vancouver, court documents showed on Thursday. The RCMP did not share the information, the affidavits written by past and present members of the police force stated.

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Indian lobby group warns of telecoms catastrophe, Reliance disagrees

Wednesday, October 30, 2019, 7:53 PM

Indian lobby group warns of telecoms catastrophe, Reliance disagrees

India's telecoms sector and leading-players Bharti Airtel and Vodafone Idea will face an "unprecedented crisis" if the government refuses to relax its demand for $13-billion in outstanding dues, a-lobby-group says. Bharti and Vodafone Idea have been spooked by the Indian SC's decision last-week to uphold a government demand that will force the companies to pay the bulk of 920-billion-rupees in overdue levies and interest.

News

 
Where U.S. presidential candidates stand on breaking up Big Tech

Tuesday, October 29, 2019, 8:27 PM

Where U.S. presidential candidates stand on breaking up Big Tech

In the run-up to the 2020 presidential election, America's big tech companies are being challenged on many fronts from across the political spectrum, from antitrust concerns to their policies on political ads and ensuring election security. Trump's Democratic challengers also criticize online platforms for allowing politicians to make false claims in advertising ahead of the election next November.

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Microsoft says Russia-linked hackers target sports organizations

Tuesday, October 29, 2019, 7:37 PM

Microsoft says Russia-linked hackers target sports organizations

Microsoft Corp said it has tracked "significant" cyberattacks coming from a group it calls "Strontium" or "Fancy Bear", targeting anti-doping authorities and global sporting organizations. The group, also called APT28, has been linked to the Russian government, Microsoft said in a blog post. Atleast 16 national and international sporting and anti-doping organizations across three-continents were targeted in the attacks which began on Sept.-16, according-to-company.

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