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HSBC in $100 million forex fraud settlement

British financial giant HSBC has agreed to pay more than $100 million to US authorities after admitting to defrauding clients during multi-billion-dollar foreign exchange transactions, the Justice Department announced Thursday.

dateJan 19, 2018 in Business
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Apple to build 2nd campus, hire 20,000 in $350B pledge

Apple is planning to build another corporate campus and hire 20,000 workers during the next five years as part of a $350 billion commitment to the U.S. that will be partially financed by an upcoming windfall from the country's ...

dateJan 17, 2018 in Business
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Volkswagen clinches record sales in 2017

German carmaker Volkswagen said Wednesday it sold a record number of vehicles in 2017, putting it on track to hold on to the title of world's largest carmaker two years after its "dieselgate" emissions scandal.

EU car sales top 15-mn barrier in 2017: data

The number of new cars sold in Europe topped the 15-million mark for the first time in a decade in 2017, the bloc's industry body calculated in new data published Wednesday.

Uber limits driver hours in Britain to 10

US ride-hailing app Uber on Tuesday said it would cap the number of hours its drivers can work in Britain from next week in a bid to increase safety after heavy criticism of its business practices.

BP hit by new $1.7bn Gulf oil spill charge

British energy giant BP said Tuesday it will take an additional charge of $1.7 billion (1.4 billion euros) in the fourth quarter of 2017 linked to the Gulf of Mexico oil spill disaster in 2010.

French carmaker PSA says global sales up 15% in 2017

French carmaker PSA Peugeot Citroen said Tuesday that its global sales rose by 15.4 percent last year, powered by the first-time consolidation of the newly-acquired Opel and Vauxhall brands, while sales in China and Southeast ...

At Detroit auto show, trucks and SUVs are king

Car makers appealed to Americans' deep love of SUVs and trucks on Monday at the Detroit Auto Show, unveiling a host of choices from luxurious to utilitarian, while also beefing up the humble sedan.

Breakthrough study shows how plants sense the world
Team takes a deep look at memristors
Bio-renewable process could help 'green' plastic
Artificial agent designs quantum experiments
Microbial communities demonstrate high turnover
New research challenges existing models of black holes
How the Elwha dam removals changed the river's mouth
Fast computer control for molecular machines
Hot weather is bad news for bird sperm
More genes are active in high-performance maize

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