Business

WhatsApp fined a record 225 mln euro by Ireland over privacy

Facebook’s (FB.O) WhatsApp was fined a record 225 million euro ($266 million) by the Irish data protection regulator on Thursday after the EU privacy watchdog pressured Ireland to raise the penalty for the company’s privacy breaches. WhatsApp said the fine was “entirely disproportionate” and that it would appeal. Still, the Irish fine is significantly less […]

Business

Virgin Galactic to fly Italian Air Force on research mission to space

Virgin Galactic Holdings Inc (SPCE.N) is launching its first commercial research mission named “Unity 23” along with the Italian Air Force to the edge of space, it said on Thursday. The space travel company has set late September or early October as the time for the mission that will carry three paying crew members from […]

Business

Vodafone and Deutsche Telekom’s all-you-can-watch deals violate EU rules -court

All-you-can-watch video products offered by Vodafone and Deutsche Telekom in Germany violated regional rules on roaming and net neutrality, the European Union’s highest court ruled on Thursday. The landmark ruling targeted popular mobile products such as Deutsche Telekom’s StreamOn deal, which offered unlimited data for watching video while customers were in Germany but slowed transmission […]

Business

American Eagle online sales fall as in-store shopping spree rebounds

American Eagle Outfitters Inc’s (AEO.N) quarterly revenue missed estimates on Thursday as its online sales took a hit from shoppers returning to physical stores on easing pandemic curbs, sending the shares of the apparel chain down 10%. The company’s second-quarter digital sales fell 5% from a year earlier, also hit by stiff e-commerce competition from […]

Business

Move over Clooney? Pitt lands starring role with Italy’s De’ Longhi

Brad Pitt followed in the footsteps of his Hollywood friend and Nespresso star George Clooney on Thursday by becoming a brand ambassador for coffee machine maker De’ Longhi. The Italian domestic appliances company said it had launched a global campaign for its home espresso coffee machines with a video directed by La La Land’s director […]

Business

U.S. labor market powers ahead as weekly jobless claims fall, layoffs hit 24-year low

The weekly unemployment claims report from the Labor Department on Thursday, the most timely data on the economy’s health, also showed the number of people on state unemployment rolls tumbling to a 17-month low in the third week of August. Declining layoffs should help to ease concerns about the economy even if August’s closely watched […]

Business

Apple gives ‘reader’ apps a way around commissions. Who wins?

Apple Inc (AAPL.O) on Wednesday made a new concession on how App Store developers work with customers: it will allow subscription and content apps that it calls “reader” apps, a category that potentially includes Netflix, Disney+ and Amazon’s Kindle, to provide users with a direct link to their website for sign ups, avoiding an Apple […]