Turkish Watchdog Slaps Facebook With A $280,000 Fine Over Data Breach

On Saturday, May 11th, Turkey’s Personal Data Protection Authority issued a fine of 1.65 million Turkish liras ($280,000) on Facebook citing concerns data breach. As per reports, the data breach which occurred... Read more »

AAI finance member announces his resignation citing ‘personal reasons’

Earlier today, (Saturday, May 11th), citing “purely personal reasons, S. Suresh, Member (Finance) at the Airports Authority of India (AAI) has announced his resignation with almost a year before the completion of... Read more »

Disney discloses its second huge impairment on its Vice investment with a $353 million write down

Earlier in the week, on Wednesday, 8th May, when Disney reported earnings for its second quarter of 2019, the Walt Disney Company also went on to disclose a $353 million write-down of... Read more »

Brewin Dolphin acquires Investec’s Irish wealth business

On Friday, May 10th, Britain’s Brewin Dolphin announced that it has reached an agreement to buy Investec’s Irish wealth business for a reported sum of 44 million euros ($49 million) in a... Read more »

India based SpiceJet all set to offer business class

Earlier in the week, Low-cost carrier SpiceJet announced its entry in the full-service segment offering business class tickets on select domestic routes starting from Saturday, May 11th, making it the second budget carrier to... Read more »

Siemens AG set to cut 10,000 jobs in a major overhaul

Earlier in the week, in a major restructuring that involves spinning off its gas, oil, and power generation business and creating new areas of growth, German industrial equipment maker Siemens AG announced... Read more »

Stuttgart prosecutors issues a 535 mn euros fine on Porsche over diesel cheating

On Tuesday, May 7th, Stuttgart prosecutors revealed that German sports car maker and Volkswagen subsidiary Porsche is eligible to pay a fine of a 535-million-euro (USD 598 million) in regards to compensate... Read more »

Johnson & Johnson reaches an agreement to pay $1 billion to resolve hip implant lawsuits 

Earlier in the week, citing people close to the matter, it was revealed that Johnson & Johnson has agreed to pay a sum of nearly $1billion in an attempt to resolve most... Read more »

Six South Florida business leaders to be awarded Sun Sentinel’s annual Excalibur award

Earlier in the day, on Tuesday, May 7th, The South Florida Sun-Sentinel revealed that it will be honoring as many as six business leaders with its annual Excalibur Award. According to The... Read more »

Mobility services company DMI acquires Silicon Valley company Pragiti

Earlier in the week, Mobility services company DMI announced the acquisition of Pragiti, a systems, applications, and products commerce cloud services provider. This acquisition reportedly expands DMI’s business into next-gen digital commerce capabilities. According... Read more »