Business
Business news, market analysis, and corporate updates. Expert insights on companies, industries, and economic trends driving global commerce.
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Tech Giants Sued Over Child Labor Deaths in Congo Cobalt Mines
A class-action lawsuit filed December 15, 2019, in Washington, D.C., accuses Apple, Dell, Google, Microsoft, and Tesla of…
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Five top tech firms face lawsuit over child death in DRC
Apple, Dell, Google, Microsoft, and Tesla were named in a federal class-action suit filed in Washington on 15…
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Samsung Electronics board chairman Lee Sang-hoon jailed for 18 months over union sabotage
Seoul Central District Court handed down an 18-month prison sentence to Samsung Chairman Lee Sang-hoon on December 17,…
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US Tech Giants Sued Over Child Labor in Cobalt Mines Abroad
In the heart of the Democratic Republic of the Congo, children as young as six are forced to…
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Samsung Chairman Lee Sang-hoon Jailed 18 Months for Union Busting
Lee Sang-hoon, the chairman of Samsung, will spend the next 18 months in a South Korean prison cell.…
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Deutsche Bank to Cut 18,000 Jobs and Exit Equities Trading
On August 22, 2019, Deutsche Bank CEO Christian Sewing announced a strategic shift away from investment banking toward…
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Surveillance Capitalism Began in Google’s Ad Business, Shoshana Zuboff Argues
WASHINGTON, July 16 — The term “surveillance capitalism” has moved from academic circles into mainstream debate, describing a…
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Alecta CEO Demands Social Values in Sweden Code
Magnus Billing has seen enough scandals. The chief executive of Alecta, Sweden’s biggest pension fund, watched banks in…
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Chinese state-backed site accuses HSBC of “handing the knife” in Huawei CFO case
HSBC, a British banking giant with deep ties to global finance, is facing significant challenges to its expansion…
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Ex-Indian President Alarmed by Bank Scandal Surge
India’s former President Pranab Mukherjee expressed alarm on August 26, 2019, over the rise of bank scandals in…
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Indiana Payroll Firm Files Bankruptcy, Blames Its Founder
Another financial sector is under fire for its own financial scandal. The payroll processing industry is being investigated…
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Chinese state media attack HSBC over its alleged role in Huawei CFO’s arrest
In late August 2019, news emerged that HSBC had supplied documents to United States authorities involved in the…
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Hong Kong Banks Buy Full Page Ads Calling for Order in 2019
Hongkong, August 22, 2019 — cybernewschronicle.com — The protests in Hongkong are having a negative effect on the…
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Standard Chartered Fined $1.1 Billion for Iran Sanctions Violations
On April 15, 2019, the British multinational bank Standard Chartered was hit with a combined fine of $1.1…
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Still no boss for Wells Fargo Bank
Wells Fargo & Co. Bank is in a quagmire as to who will they chose the new CEO…
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Danske Bank’s €200 billion Estonia scandal: CEO quit, probes reopened, guilty plea in 2022
More than eight years after the initial questionable transactions were detected at a modest Baltic outpost, the global…
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Danske Bank Embroiled in Massive European Money Laundering Scandal Unfolds
On 24 September 2018, regulators and market observers are confronting what many describe as one of the largest…
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ING Group pays €775 million in anti-money-laundering settlement fine
Last week ING Group, a bank under the direct supervision of the European Central Bank, agreed to pay…
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Dutch Banking Giant ING Agrees to €775 Million Settlement
In a significant move on September 11, 2018, it was disclosed that ING Groep NV, a renowned Dutch…
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NAB Slammed for Charging Fees to Deceased Customers and Others
On February 4, 2019, a Royal Commission report revealed that the National Australia Bank (NAB) had been charging…
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Société Générale Agrees to Pay $1.34 Billion Settlement to US Authorities
Under the scrutiny of financial regulators worldwide, Société Générale, a prominent French banking institution and the nation’s third-largest…
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U.S. Bancorp Agrees to $613 Million Settlement Over Compliance Issues
In February 2018, U.S. Bancorp entered into a $613 million settlement with federal authorities, resolving allegations that the…
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Paradise Papers Leak in 2017 Exposed the Scale of the Offshore Empire
By 2020, the Paradise Papers leak had settled into a different kind of crisis for Appleby. Not the…
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HSBC Ties to Gupta Family Spark Corruption Concerns Again
Nearly nine years have passed since HSBC became entangled in allegations surrounding its correspondent-banking ties to the Gupta…
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Nvidia shares fall 3% as traders open $9.1M short on Huang spy scandal
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Japan Tobacco’s 272-yen dividend at risk as Putin seizes Russian assets, stock crashes 19%
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Nasdaq Suffers Biggest Drop in 19 Months as AI Regulatory Fears Trigger Market Sell-Off
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Citi Links Hormuz Reopening to Fed Rate Cuts and $5,000 Gold Target
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Airline Stocks to Watch: Fuel Costs, Earnings, and Oil Volatility Drive Sector Focus
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Qantas Offshores 850 Roles to India in AI Overhaul Amid Union Backlash
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How Qantas’s AI-Driven Outsourcing Deal with Accenture Redefines Airline Tech Control
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How Canada’s Real-Time Rail Modernizes Financial Networks and Boosts Business Efficiency
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Boeing 777 Freighter Conversions Face Supply Crunch as New Jets Delay
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Teen Pilots Rise: Safety Rules and Training Under Scrutiny
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Midterm Warning: 7% Rates and 30-Year Low Sales Signal Housing Stagnation
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Older Homeowners Dominate 2026 Housing Market as First-Time Buyers Struggle
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Why Fraud and Phishing Now Dominate Gallagher New Zealand Cyber Insurance Claims
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Cotality Report: Louisiana Leads U.S. States in Extreme Weather Homeowner Losses
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Home Depot Stock Jumps 7% as Democrats Sweep Congress and Housing Hopes Rise
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How Nigeria’s Lithium Factories Could Reshape Africa’s EV Battery Costs and Energy Security
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Spain Withholds 12% of Olive Oil to Prop Up Prices
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Kotak Neo’s Banerjee Ties Gold, Rupee and Copper to Crude Volatility and Fed Rate Hikes
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El Niño and Iran War Drive Agricultural Commodity Prices to New Highs
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ICE Brent Hovers Near $110 as Middle East Tensions Keep Risk Premium High