Shares of Vodafone’s India arm in free-fall

Shares of Vodafone’s India arm in free-fall

Vodafone Idea and other operators have been battered since Mukesh Ambani's Jio entered the market five years ago. Shares in telecoms giant Vodafone's debt-ridden Indian unit fell sharply for a second day Wednesday following reports that its billionaire chairman thought the firm was on the brink of collapse and wanted...

Australia’s Qantas to furlough 2,500 workers

Australia’s Qantas to furlough 2,500 workers

Qantas said the airline had gone from operating almost 100 percent of its usual domestic flying capacity in May to less than 40 percent in July due to coronavirus restrictions. Australian airline Qantas announced Tuesday it will furlough 2,500 workers as coronavirus outbreaks and regional lockdowns pummel demand for flights....

Afterpay, the $29 billion Aussie startup

Afterpay, the $29 billion Aussie startup

Credit: Pixabay/CC0 Public Domain Australian fintech Afterpay is being bought out by US digital payment platform Square—less than seven years after launching as a "buy now, pay later" start-up. Twitter boss Jack Dorsey's company is set to pay US$29 billion for the firm, which would reportedly be the biggest such...

Zoom to settle US privacy lawsuit for $85 mn

Zoom to settle US privacy lawsuit for $85 mn

Credit: Unsplash/CC0 Public Domain Zoom, the videoconferencing firm, has agreed to settle a class-action US privacy lawsuit for $85 million, it said Sunday. The suit charged that Zoom's sharing of users' personal data with Facebook, Google and LinkedIn was a breach of privacy for millions.While Zoom denied wrongdoing, it did...

Amazon fined 746 mn euros in Luxembourg over data privacy

Amazon fined 746 mn euros in Luxembourg over data privacy

Credit: Unsplash/CC0 Public Domain Amazon was fined 746 million euros ($880 million) by Luxembourg authorities over allegations it flouted the EU's data protection rules, the online retail giant said Friday. The fine was issued July 16 by the Luxembourg National Commission for Data Protection following its determination that "Amazon's processing...

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