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Facebook fined 150,000 euros by French data watchdog

1 year, 5 months ago
Facebook has been fined 150,000 euros ($166,000) by France's data protection watchdog for failing to prevent its users' data being accessed by advertisers. Watchdog CNIL said its fine - which was imposed on both Facebook Inc and Facebook…

NATO to spend 3 billion euros on satellite, cyber defences

1 year, 6 months ago
BRUSSELS: NATO plans to spend 3 billion euros ($3.24 billion) to upgrade its satellite and computer technology over the next three years as the Western military alliance adapts to new threats, a senior official said. Seeking to deter…

Denmark confiscates thousands of euros from migrants

2 years, 3 months ago
COPENHAGEN: Danish police announced they confiscated cash worth nearly 11,000 euros from migrants under a controversial law allowing authorities to seize valuables from people trying to obtain asylum in the country.

Scandal-hit VW gives staff 3,950-euro bonus

2 years, 5 months ago
BERLIN: German auto giant Volkswagen announced Friday it is giving its staff a 3,950-euro bonus for 2015, despite suffering huge losses due to an emissions-cheating scandal which sent shockwaves through the industry.

Lufthansa signs $1.25 billion outsourcing deal with IBM

3 years, 10 months ago
BERLIN: IBM has won an outsourcing contract from Germany's Lufthansa worth 1 billion euros ($1.25 billion) that will see the U.S. company take over the airline's information technology infrastructure services division and staff.

Walt Disney rescues Euro Disney with $1.3 billion funding deal

4 years, 11 days ago
LONDON/PARIS: Walt Disney Co has come to the rescue of its loss-making subsidiary Euro Disney with a 1 billion-euro ($1.3 billion) funding deal announced on Monday, which could give the U.S. group total control over Europe's biggest tourist…