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Facebook Facebook will start handing out employee bonuses if they help the firm achieve “social good.” Previously, employees’ contribution to company performance was scored on more measurable criteria, such as user growth. In Facebook’s fourth-quarter earnings call, Mark Zuckerberg laid more of an emphasis on fixing pressing social issues than in previous years. Facebook is […]
David Ryder/Getty Images Germany’s competition watchdog has launched an investigation into whether Amazon is abusing the dominance of its marketplace platform. The probe was prompted by numerous complaints lodged against Amazon by third-party sellers. It will run in tandem with a similar investigation by the EU into Amazon’s marketplace. Germany’s competition watchdog has launched an […]
The developer of ‘Vampires: The Masquerade’ tabletop game will be restructured after complaints about the game’s bizarre plot, in which vampires in Chechnya use the persecution of gay people to cover up their own existence. The board game features bloodsuckers, who torture and feed on gay people, and wasn’t long in Russia’s Republic of Chechnya […]
Planetary Resources just took an unusual turn on its path to asteroic mining. ConsenSys, a blockchain company created by Ethereum co-founder Joe Lubin, has bought Planetary Resources for an unspecified sum. It sounds supremely trendy given the combination of blockchain and private spaceflight, but it’sa logical fit if you ask Planetary Resources’ Brian Israel. Blockchain-based […]
Enlarge / Headquarters of ride-sharing technology company Uber in the South of Market (SoMa) neighborhood of San Francisco on October 13, 2017. (credit: Smith Collection/Gado/Getty Images) Lawyers representing a Southern California limousine company that sued Uber last month over state unfair competition allegations have now filed a motion for partial summary judgement. If the filing […]
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Damian Dovarganes/AP Irvine Company, a real-estate giant that runs 46 shopping centers in California, is sharing license plate information with a surveillance technology company that in turn provides access to that data to the US Immigration Customs and Enforcement (ICE) agency. In 2017, Vigilant Solutions signed a contract to give ICE access to license plate […]
UNTIL recently the Abraaj Group, a private-equity firm based in Dubai, was riding high. It was one of just a few such firms focused on emerging markets, and a darling of “impact investors”, who seek social or environmental returns, not just financial ones. Assets under management of $ 13.6bn made it the largest private-equity firm […]
Ex-Tory Chancellor George Osborne has agreed to take on yet another job, to add to a packed portfolio, bringing the number to eight, after accepting a position as chair of major European Investment firm Exor’s ‘partners council.’ Seemingly not satisfied with being editor of London’s Evening Standard newspaper or taking on his reported, one-day-a-week, six-figure […]
SHANGHAI — Tesla has registered a new electric car firm in Shanghai, as China prepares to scrap rules on capping foreign ownership of new-energy vehicle (NEV) ventures. The new company, Tesla (Shanghai) Co Ltd, was registered on May 10, according to a filing with the National Enterprise Credit Information Publicity System seen by Reuters. The […]
