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19848 articles published since 08 Mar 2022

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Australian taxi drivers win $178 million payout from Uber
Australian taxi drivers win $178 million payout from Uber
Business and Economy

Australian taxi drivers impacted by the rise of ridesharing giant Uber have won US$178 million in compensation, their lawyers said Monday after settling a gruelling legal battle. Lead lawyer Michael Donelly said the A$271.8 million (US$178.3 million) settlement was the "fifth highest class action settlement in Australian legal history".

US sanctions network smuggling American tech to Iran's central bank
US sanctions network smuggling American tech to Iran's central bank
Business and Economy

The US Treasury Department unveiled sanctions against a network of companies and individuals Friday for facilitating illegal technology transfers from dozens of US firms to Iranian entities, including the country's central bank. The sanctions relate to Informatics Services Corporation (ISC), the technology arm of the Central Bank of Iran (CBI), the Treasury Department said in a statement.

Prosecutors urge 40-50 years for crypto fraudster Bankman-Fried
Prosecutors urge 40-50 years for crypto fraudster Bankman-Fried
Technology

US prosecutors have requested that a court sentence disgraced crypto mogul Sam Bankman-Fried to between 40 and 50 years imprisonment for massive fraud that cost customers $8 billion, court documents showed Friday. "A sentence of 40 to 50 years' imprisonment... is necessary to reflect the seriousness of the defendant's crimes," the prosecution's sentencing memorandum said.

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