Banking & Finance UK watchdog fines Barclays $55m over fees paid to Qatari entities Britain’s Financial Conduct Authority (FCA) said it would fine Barclays £50 million ($55 million) for its failure to disclose fees paid to Qatari entities during its financial crisis-era fundraising. The fine dates back to the height of the 2008-2009 crisis, when Barclays scrambled to raise funds from overseas investors including Qatar in order to avoid […] October 23, 2022
Business of Sport Four golfers drop out of LIV lawsuit against PGA Tour Hall of Famer Phil Mickelson and three other golfers dropped out of a lawsuit on Tuesday which was filed against the PGA Tour last month over its decision to suspend players who participated on the new LIV Golf circuit. Mickelson, who counts six major championships among his 45 career PGA Tour wins, asked to be […] October 2, 2022
Environment Volkswagen faces Israeli emissions class action suit Volkswagen faces a class action suit in Israel after a court ruled in favour of petitioners seeking compensation from the German carmaker over diesel emissions cheating. A Tel Aviv district court ruled that the class action suit will represent the car owners as well as the general public who were exposed to higher pollution levels, […] September 30, 2022
Business of Sport Mickelson and others sue PGA Tour in LIV fight Hall of Fame golfer Phil Mickelson and 10 other players filed a lawsuit against the PGA Tour on Wednesday, alleging that it broke anti-trust law by refusing them to participate on the tour and the new rival LIV Golf circuit, backed by Saudi Arabia. The lawsuit was led by six-time major champion Mickelson and includes […] August 4, 2022
Business of Sport PGA Tour probed for possible law break in fight against LIV Golf The US Justice Department is investigating whether the PGA Tour broke antitrust law in fighting off the rival LIV Golf circuit, backed by Saudi Arabia. The PGA Tour confirmed the probe, which was first reported by the Wall Street Journal. “This was not unexpected. We went through this in 1994 and we are confident in […] July 12, 2022
Media Samsung fined over ‘water-resistant’ smartphone ad Australia’s competition regulator said on Thursday a court has ordered the local unit of Samsung Electronics to pay a penalty of A$14 million ($9.65 million) over misleading claims about a water-resistance feature in some of its smartphones. Samsung Australia admitted to misleading buyers of some of its ‘Galaxy’ phones about the water-resistance level, the Australian […] June 23, 2022
Retail Amazon.com says it is being unfairly targeted by US Congress bill By David Shepardson and Diane Bartz Amazon.com Inc on Wednesday lambasted a bill in Congress barring tech giants from giving preference to their own businesses on their websites, saying it unfairly singles the retailer out while not subjecting rivals to similar regulations. The Senate could vote on the bill as early as this month, media […] June 1, 2022
