NEW YORK (AP) — Walmart filed a motion on Monday to dismiss a Federal Trade Commission lawsuit that accuses the nation’s largest retailer of allowing its money-transfer services to be used by scam artists. The motion calls the FTC’s June lawsuit an “egregious instance of agency overreach.” The FTC alleges in its lawsuit that for…
NEW DELHI (Reuters) – India’s IT ministry has no proposal to restrict sales of foreign smartphone brands that cost below $150, a junior minister said on Monday, after reports suggested New Delhi could impose restrictions to promote domestic players. Rajeev Chandrasekhar’s comments followed reports that India was planning to restrict sales of cheap Chinese smartphones…
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Trade Commission (FTC) on Monday sued Idaho-based data broker Kochava Inc for selling geolocation data from hundreds of millions of mobile devices that could be used to track consumers. The FTC said consumer data could be used to trace people’s movements to and from sensitive locations including…
BERLIN (AP) — The head of the European Union’s executive branch and Germany’s chancellor on Monday pledged a reform of the continent’s electricity market to help bring down power prices that have been pushed higher by skyrocketing gas prices. European Commission President Ursula von der Leyen said in a speech in Bled, Slovenia, that soaring…
(Reuters) – The U.S. Federal Trade Commission (FTC) on Monday sued data broker Kochava Inc, alleging that the company sold data that tracks people at reproductive health clinics, places of worship and other several sensitive locations. The lawsuit seeks to halt Kochava’s sale of sensitive geolocation data and requires the company to delete the sensitive…
BELGRADE (Reuters) – Serbia’s President Aleksandar Vucic said the country’s finances were resilient enough to secure alternatives to Russian energy to tackle supply shortages expected over coming months. The Balkan country is heavily dependent on Russian oil and gas, which have been disrupted following the Ukraine war and the imposition of sanctions on Moscow by…
(Reuters) -Zendesk Inc’s investor Light Street Capital Management said on Monday it will vote against the software company’s $10.2 billion deal to go private and instead proposed that Zendesk remain a standalone public company and find a new Chief Executive Officer. Light Street, which manages funds that own more than 2% shares of Zendesk, said…
BEIJING (AP) — Authorities in central China on Monday announced the arrests of 234 people involved in a scam to bilk people out of their savings with the false promise of high interest rates on deposits in obscure rural banks. The scandal drew national attention after investors seeking answers about where their money went were…
By Dhara Ranasinghe LONDON (Reuters) – World stocks slumped on Monday as the growing risk of more aggressive interest rate hikes in the United States and Europe inflicted fresh pain on bond markets and pushed the dollar to new 20-year highs, just as recession fears mount. Federal Reserve Chair Jerome Powell, speaking at the Jackson…
BERLIN (AP) — About 52 million tickets allowing people to use local public transportation across Germany for just nine euros (dollars) per month were sold over the summer, a group representing transit companies said Monday, days before the project ends and amid widespread calls for some kind of successor. The “9-euro ticket,” which was introduced…
