Business
Latest stories
Dutch watchdog fines Uber $324 mn for alleged inadequate protection of drivers' data

The Dutch data protection watchdog slapped a 290 million euro ($324 million) fine Monday on ride-hailing service Uber for allegedly transferring personal details of European drivers to the United States without adequate protection. Uber called the decision flawed and unjustified and said it would appeal.

The Dutch Data Protection Authority said the data transfers spanning more than two years amounted to a serious breach of the European Union's General Data Protection Regulation, which requires technical and organizational measures aimed at protecting user data.

W140 Full Story
China opposes US sanctions on firms over alleged ties to Russia's war efforts

China on Sunday expressed its opposition to the latest U.S. sanctions on Chinese companies over their alleged ties to Russia's war in Ukraine, saying it will adopt necessary measures to safeguard the rights and interests of the country's businesses.

The U.S. on Friday announced sweeping sanctions on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia's war effort and aiding its ability to evade sanctions. The U.S. Department of State said it was concerned by "the magnitude of dual-use goods exports" from China to Russia.

W140 Full Story
Global stocks mixed after Wall Street rallies as 'time has come' for rate cuts

Global stocks were mixed Monday after U.S. markets rallied close to their records on the expectation the Federal Reserve will start cutting interest rates soon to help the economy.

France's CAC 40 rose 0.2% in early trading to 7,594.42, while Germany's DAX lost 0.2% to 18,597.20. Britain's FTSE 100 added 0.5% to 8,327.78. The futures for the S&P 500 and the Dow Jones Industrial Average were both up 0.1%.

W140 Full Story
Economists say ending war would help Israel's struggling economy

In Jerusalem's Old City, nearly all souvenir shops are closed. In Haifa's flea market, forlorn merchants polish their wares on empty streets. Airlines are canceling flights, businesses are failing and luxury hotels are half empty.

Nearly 11 months into the war with Hamas, Israel's economy is struggling as the country's leaders grind ahead with an offensive in Gaza that shows no signs of ending and threatens to escalate into a wider conflict.

W140 Full Story