A U.S. judge on Wednesday confirmed a 643 million euro (US$734 million) award in favor of a unit of Warren Buffett's Berkshire Hathaway Inc that claimed it was fraudulently induced to buy a German pipemaker that had inflated sales to look profitable.
EFFORTS to digitalise trade finance are taking shape amid renewed questions over fraud in trade finance, with DBS Bank and blockchain trade-finance network Contour sewing up the network's first digital end-to-end secured letter of credit (LC).
The official Twitter accounts of billionaires Bill Gates and Elon Musk were apparently hacked as both accounts sought bitcoin donations on Wednesday.
Billionaire Richard Branson's Virgin Galactic Holdings Inc on Wednesday named Walt Disney Co executive Michael Colglazier as its new chief executive officer, sending its shares up 4.3per cent in extended trade.
UBS will no longer be informed or be able to contest customer data the Swiss tax authorities hand over to counterparties in France investigating alleged tax avoidance, a Swiss court said on Wednesday.
The United States on Wednesday cleared the way for sanctions on employees of telecom giant Huawei, expanding its pressure campaign on China, which summoned the US ambassador.
Amazon.com Inc has extended a work-from-home policy until Jan. 8 and is continuing to ask employees to defer all non-essential travel, a spokeswoman said on Wednesday.
Tesla Inc Chief Executive Elon Musk and other Tesla employees are not at risk of having contracted the novel coronavirus after a July 3 meeting with Oklahoma's governor, who said on Wednesday he had tested positive for the virus, a spokesman for the governor said.
Volkswagen on Wednesday said it was replacing software chief Christian Senger and moving the centre of its group-wide software development from its Wolfsburg headquarters to Ingolstadt, where premium brand Audi is based.
Beyond Meat Inc said on Wednesday it will sell plant-based burgers and sausages at a Brazilian high-end supermarket chain, entering the country about two weeks after launching in mainland China's retail market through Alibaba Group's Freshippo markets.
