POST Online Media Lite Edition


HSBC pays penalties for alleged breaches of Consumer Data Right rules

April 5, 2024
HSBC Bank Australia Limited (HSBC) has paid penalties totalling $33,000 after the ACCC issued it with two infringement notices for alleged contraventions of the Consumer Data Right (CDR) rules.

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Another round of heavy rainfall and severe storms impacting southern U.S.

Kenya restores internet services after undersea cable outages

Sanofi to settle thousands of Zantac cancer lawsuits

April 4, 2024
Sanofi has reached a tentative agreement to settle thousands of U.S. lawsuits which link their heartburn pill Zantac to cancer.

Former asset manager and board member of Geneva private bank referred to Swiss Federal Criminal Court

April 3, 2024
The Office of the Attorney General of Switzerland has filed an indictment in the Federal Criminal Court against a former asset manager and board member of a Geneva private bank.

South Africa: SAP ordered to pay SIU $26m over 'invalid' Eskom contracts

March 27, 2024
German software company, SAP, has been ordered by the Special Tribunal to pay some R500 million ($26m) to the Special Investigating Unit (SIU) within seven days following a settlement reached between the company and the unit.

Former Steinhoff director appears in court for $1.1b fraud, racketeering

March 27, 2024
Former Steinhoff director Stephanus Grobler appeared in court on charges of racketeering, three counts of fraud worth R21 billion ($1.1b), manipulation of financial statements and failure to report fraudulent activities.

Genesis agrees to pay $21 million penalty to settle SEC charges

March 25, 2024
The Securities and Exchange Commission announced that Genesis Global Capital, LLC agreed to a final judgment ordering it to pay a $21 million civil penalty.

Google fined EUR 250 mln by French competition authority

March 21, 2024
French Competition Authority, The Autorite de la concurrence, said it has fined Alphabet and Google 250 million euros for non compliance with some of its commitments with news publishers.

10 automakers in South Korea fined for selling cars with subpar safety standard

March 20, 2024
Ten automakers in South Korea were fined for selling cars with subpar safety standard, the transport ministry said Wednesday.

Fedpol imposes penalties in Postbus fraud case

March 19, 2024
The Swiss Federal Office of Police (Fedpol) has imposed conditional fines and heavy penalties on seven people in the Postbus subsidy fraud case.

China to ban Evergrande chairman from securities market

March 19, 2024
China Evergrande Group founder Hui Ka Yan will be barred from the securities market for life and fined 47 million yuan, after the nation's regulator accused the group's flagship unit, Hengda Real Estate, of inflating results, securities fraud and failing to make timely disclosures.
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