Business

Wednesday, December 7, a federal judge in California dismissed a lawsuit against reality TV star Kim Kardashian, boxing legend Floyd Mayweather Jr., and others over their role in promoting a cryptocurrency, stating that it was unclear whether the investors who filed the lawsuit actually saw the promotions. The January complaint alleges that EthereumMax officials conspired with celebrity promoters to entice …

Donald Trump’s real estate corporation was convicted on Tuesday, December 6, of participating in a 15-year-long plot to cheat tax authorities, adding to the former president’s legal difficulties as he bids for reelection in 2024. The Trump Organization, which runs hotels, golf courses, and other real estate worldwide, was found guilty of paying personal expenditures to key officials, including former …

According to a statement released by Parlement Technologies on Thursday, December 1, the parent company of the social media platform Parler and American artist Kanye West, now known as Ye, have mutually agreed to terminate the sale of Parler. Mid-November, this decision was made in the best interest of all parties, the corporation said in a statement. “Parler will continue …

People with firsthand knowledge said that Facebook owner Meta reached out to EU antitrust officials in an attempt to settle probes into its use of consumer data and the integration of its classified ads service with its social network. According to the persons, there have been extremely basic negotiations that have made no progress to date. Meta and the European …

US prosecutors requested a judge on Thursday, December 1, to dismiss bank fraud and other charges against Meng Wanzhou, the chief financial officer of Huawei Technologies, whose arrest in 2018 soured relations between the US and China. The accusations against Meng will be dropped on December 1, 2022, four years after her detention on a US warrant in Canada, as …

Even though Balenciaga has quit Twitter, the site’s users continue to analyze the luxury brand’s every move. On November 21, June Nicole Lapine, better known as @shoe0nhead, took to Elon Musk’s Twitter to indicate that the luxury fashion label is plotting to exploit youngsters. The YouTuber’s rationale made the claim even more absurd. She begins by showing a few images …

There has been an upsurge in the number of layoffs in the technology industry, with 1,270 locals losing their jobs between July and mid-November, Manpower Minister Tan See Leng told the Singaporean Parliament on Monday (Nov 28). Eight out of ten had non-technical positions such as sales, marketing, and corporate functions. Dr. Tan stated that around seven out of ten …

The Biden administration has prohibited the certification of Huawei Technologies and ZTE’s new telecommunications equipment because they represent “an intolerable danger” to US national security. The US Federal Communications Commission said on November 25 that it has adopted the final regulations, which prohibit the sale or import of surveillance equipment manufactured by Chinese companies Dahua Technology Co, Hangzhou Hikvision Digital …

Microsoft is set to face an EU antitrust probe as authorities deepen their scrutiny of the company’s tactics in a case sparked by Salesforce.com’s workplace messaging software Slack, according to individuals familiar with the situation. The previous year, Slack filed a complaint with the European Commission, alleging that Microsoft improperly merged its workplace chat and video service Teams into its …

Adidas AG said on Thursday, November 24 that it has opened an inquiry into claims of inappropriate behavior by Kanye West, after terminating its association with the rapper and fashion designer last month. Adidas reportedly launched the investigation after receiving an anonymous letter containing many charges against the rapper, now known as Ye. Following an article in Rolling Stone detailing …