Month: December 2022
FTX to be released on bail
The firm declared bankruptcy in November, after customers and investors rushed to pull their funds from the firm amid reports that its finances were shaky. Mr Bankman-Fried, who stepped down as chief executive the same day, has previously denied deliberate wrongdoing, and said he is focused on restoring funds to customers. The collapse of his
Amazon infringement on Christian Louboutin’s EU trademark
Louboutin brought two cases against the company, in courts in Belgium and Luxembourg, in 2019 alleging Amazon regularly displayed adverts for red-soled shoes on its marketplace without Louboutin’s consent. Users of the platform may be under the impression that it is Amazon – and not the third-party seller – who markets the product “in its
Cambridge Analytica scandal case for $725m
The long-running dispute accused the social media giant of allowing third parties, including the British firm, to access Facebook users’ personal data. Facebook owner Meta has agreed to pay $725m (£600m) to settle legal action over a data breach linked to political consultancy Cambridge Analytica. Meta, which did not admit wrongdoing, said it had “revamped”
Nigeria receives back 22 looted artefacts from Germany government
Nigeria’s plea to have the looted bronzes returned was ignored for a very long time, Germany found it imperative to return the bronzes to where they belong after they were looted by the British colonists over 120 years ago, German Foreign Affairs Minister Annalena Baerbock said while handing over the 22 looted artifacts to her
United States sanctions Iranian officials
Iran has been rocked by protests since the Sept. 16 death of 22-year-old Mahsa Amini, who died after being detained by the morality police. The protests have since morphed into one of the most serious challenges to the theocracy installed by the 1979 Islamic Revolution. Security forces have violently cracked down on the protests, killing
Pakistan army army raid kills 25 militants
Pakistan’s security forces killed 25 of 35 Islamist militants holed up in a counter-terrorism centre in the northwestern city of Bannu, After talks failed to resolve a two-day standoff, army commandos stormed the centre on Tuesday. Ten soldiers, including three officers, were also wounded. Militants being held at the centre took control of the compound
Opening of China’s Consulate General in Bandar Abba
China’s Consulate General in Bandar Abbas was officially opened on Wednesday in the capital of Hormuzgan Province on the southern coast of Iran, marking the establishment of China’s first consulate general in Iran. The Chinese diplomatic missions in Iran, Chang noted, stand ready to work with the Iranian side to take the opening of the
Cristiano ronaldo’s Football fate
Ronaldo left Manchester United in controversial circumstances last month and is now a free agent. The Portugal captain was heavily critical of the Premier League club and manager Erik ten Hag in a tell-all interview with Piers Morgan. Given his form and off-the-pitch antics for both club and country, it is no surprise to see
Fortnite to settle Child privacy claims
Fortnite, a battle royale game that became a global sensation after its launch in 2017, has more than 400 million players around the world. The game is generally free to download, but makes money from in-game purchases of items such as costumes and dance moves. The maker of popular video game Fortnite has agreed to
Vega rocket crashes back to Earth
The Vega vehicle was lost 2.5 minutes into its latest mission from the Kourou spaceport in French Guiana. This is the third Vega failure in eight outings and puts further pressure on the European satellite sector which can no longer use of Russian rockets and will soon witness the retirement of the heavy-lift Ariane-5 launcher.