News 

Rio Tinto and its former CEO Tom Albanese have been charged with fraud

“Rio Tinto plc, Rio Tinto Limited, Albanese, and Elliott are charged with violating the antifraud, reporting, books and records and internal controls provisions of the federal securities laws” writes Chris Pash for businessinsider.com. Rio Tinto, the world’s second largest mining company behind BHP, faces permanent injunctions, return of allegedly “ill-gotten gains” plus interest, and civil penalties. Source: businessinsider.com Share This:

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News Platforms 

Twitter CEO Promises to Toughen Rules on Hate Speech and Violence

“The platform will introduce new rules in the next few weeks on unwanted sexual advances, non-consensual nudity, hate symbols, violent groups and postings that glorify violence, Dorsey said” writes unknown author for bloomberg.com. Celebrities including Chrissy Teigen and Mark Ruffalo were among those to join a boycott of the platform Friday after Twitter briefly suspended McGowan’s account this week.However, the Friday protest had shown that users believe the company was still not doing enough, he said. Source: bloomberg.com Share This:

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Uber Seeks More London Negotiations as It Appeals License Ban

“While Uber London is the operating company for the city, actual commissions from drivers are routed to a Dutch holding company — Uber International BV. Net sales for Uber International BV for 2016 increased to $1.62 billion from $519.8 million, according to company documents filed in the Netherlands” writes Giles Turner Jeremy for bloomberg.com. Uber, which can continue to operate during the legal process, was banned by Transport for London on Sept. 22 over safety concerns and the company’s attempts to avoid regulation.The appeal, which could drag on for months,…

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News 

Uber appeals London ban with hearing likely in December

“But beyond the ban in London, Uber has faced further scrutiny over its employment and tax practices” writes unknown author for cnbc.com. Uber lodged an appeal with a British court after the ride-hailing app lost its operating license in London, the company said on Friday.The appeal hearing is likely to be on December 11, according to a spokesperson for the U.K. judiciary office. Source: cnbc.com Share This:

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Online lender SoFi withdraws US banking application filed in June, citing leadership change

“Cagney resigned amid two former SoFi employees filing lawsuits alleging sexual harassment at the company and SoFi beginning an internal investigation” writes Anna Irrera for reuters.com. The banking license was part of Cagney’s push to grow SoFi into a financial institution that could compete with established players such as JPMorgan Chase & Co (JPM.N) and Citigroup Inc (C.N).SoFi is one of the most valuable private financial technology startups in the United States and valued at over $4 billion at its last funding round.Cagney’s departure in September had complicated SoFi’s banking…

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Crypto News 

All about blockchain, ICO and cryptocurrencies. Moscow to host Blockchain & Bitcoin Conference

“On November 15-16, Sokolniki ECC will host Blockchain & Bitcoin Conference Moscow, the largest event in the CIS dedicated to blockchain and cryptocurrencies” reports newsbtc.com. Blockchain & Bitcoin Conference is the largest network of events in the CIS dedicated to blockchain and cryptocurrencies.Participants of the conference will talk about the current trends in the blockchain and crypto industry development. Source: newsbtc.com Share This:

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News 

Uber Launches Appeal Against London License Ban

“While Uber London is the operating company for the city, actual commissions from drivers are routed to a Dutch holding company — Uber International BV. Net sales for Uber International BV for 2016 increased to $1.62 billion from $519.8 million, according to company documents filed in the Netherlands” writes Giles Turner Jeremy for bloomberg.com. Uber, which can continue to operate during the legal process, was banned by Transport for London on Sept. 22 over safety concerns and the company’s attempts to avoid regulation.The appeal, which could drag on for months,…

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News 

Samsung CEO Kwon Oh-hyun resigns as company predicts record profits

“Samsung Electronics CEO and Vice Chairman Kwon Oh-hyun has announced plans to step down from his position at the head of the company” writes Scott Adam Gordon for androidauthority.com. Samsung released its earnings guidance report for the third quarter earlier today alongside Kwon’s announcement, and the company predicts record profits for the second straight quarter. Source: androidauthority.com Share This:

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News 

Samsung Electronics just lost its CEO at the height of its success

“Samsung Electronics, the flagship business of the South Korean mega-conglomerate and the second largest tech company on the planet, has just lost its CEO and vice chairman Kwon Oh-hyun today, as he announced his decision to step down” writes Abhimanyu Ghoshal for thenextweb.com. The company will have to work quickly to find successor; Kwon will only serve as a member of the board, as well as the CEO of Samsung Display, until March 2018.With that, the future of Samsung Group’s biggest earner hangs in the balance.It’s worth noting that a…

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