China has ordered A-list movie star Fan Bingbing to pay about 884 million yuan ($129 million) in overdue taxes and fines, as a crackdown on tax evasion in the entertainment industry gathers momentum.
Tech companies could face fines of up to Aus$10 million if they fail to hand over customer information or data to Australian police under tough cyber laws.
PARIS: The EU on Wednesday hit US chipmaking giant Qualcomm with an antitrust fine of 997 million euros ($1.2 billion) for paying Apple to use its chips exclusively in iPhones and iPads. EU Competition Commissioner Margrethe Vestager said that by striking the agreement with Apple in 2011 that Qualcomm had "abused its market dominance" to unfairly shut out rival chipmakers such as Intel, denying choice to consumers. The fine is the latest blow struck by the EU against US tech giants and also a fresh hit for Qualcomm,…
MANILA: Ride-sharing app Uber said Tuesday it had paid nearly $10 million in fines and drivers' compensation to return to the Philippines' roads, after it was suspended for defying the government. The nation's transportation agency suspended Uber on August 14 for a month, saying the US-based company had ignored its order against accepting new driver applications. However the agency agreed to lift the order on Tuesday after Uber paid a fine of 190 million pesos ($3.7 million), plus another 300 million pesos ($5.8…
DHAKA: The Bangladesh Cricket Board has levied a record fine on two national team players for what it called "serious" breaches of discipline after they reportedly entertained female guests in their hotel rooms. Pace bowler Al-Amin Hossain and batsman Sabbir Rahman were both fined around $15,000 for "serious off-field disciplinary breaches" during the ongoing Bangladesh Premier League (BPL) Twenty20 tournament, said the BCB in a statement late Tuesday. It gave no details of the charges against the players, but the…
LONDON: Royal Bank of Scotland on Wednesday said it had agreed a fine of $1.1 billion (982 million euros) with US authorities over the alleged misselling of mortgage securities ahead of the 2008 financial crisis.
RIO DE JANEIRO: A judge in Brazil on Wednesday slapped an $11.6 million fine on the local Facebook branch over the company's refusal to surrender data from its WhatsApp messenger program to a police investigation.
RAWALPINDI: A Customs court in Rawalpindi today ordered to confiscate the amount of foreign currency recovered from supermodel Ayyan Ali at the time of boarding a Dubai-bound flight from Islamabad airport in March last year and fined her Rs 5.5 crore, ARY News reported.