Goldman Sachs managers paid for hampers for staff. EY drops appeal against $10.8m whistleblower payment. Goldman Sachs boss says 'go extra mile' despite 95-hour week. Amazonian groups sue French supermarket chain over deforestation. Nike exec quits after son's trainer resale firm revealed. Crown Resorts chief Ken Barton resigns amid money laundering scandal. McKinsey agrees $573m opioid settlement in US. MPs accuse HSBC of aiding China's Hong Kong crackdown. Amazon faces legal challenge over Prime cancellation policy. Huawei patent mentions use of Uighur-spotting tech. Boeing to pay $2.5bn over 737 Max conspiracy. Oculus Facebook account row prompts German competition probe.
Football star Griezmann severs ties with Huawei over Uighurs. Brushing: When Amazon packages arrive that you didn't order. Australia's biggest telco fined over indigenous contracts. Boeing played Russian roulette with people’s lives. Facebook sued over Cambridge Analytica data scandal. FinCEN Files: HSBC moved Ponzi scheme millions despite warning. HSBC allowed fraudsters to transfer millions of dollars around the world even after it had learned of their scam, leaked secret files show.
Britain's biggest bank moved the money through its US business to HSBC accounts in Hong Kong in 2013 and 2014. Its role in the $80m (£62m) fraud is detailed in a leak of documents - banks' "suspicious activity reports" - that have been called the FinCEN Files. HSBC says it has always met its legal duties on reporting such activity. The files show the investment scam, known as a Ponzi scheme, started soon after the bank was fined $1.9bn (£1.4bn) in the US over money laundering.
It had promised to clamp down on these sorts of practices. Lawyers for duped investors say the bank should have acted sooner to close the fraudsters' accounts. The documents leak includes a series of other revelations - such as the suggestion one of the biggest banks in the US may have helped a notorious mobster to move more than $1bn. Nikola electric lorry just rolling downhill in promo video. Image copyrightNikola Manufacturer Nikola has admitted a promotional video on YouTube shows its hydrogen-powered lorry rolling downhill rather than moving under its own power.
The video, posted by founder Trevor Milton in January 2018 and viewed more than 260,000 times, appears to show the lorry driving along a desert highway. Nikola denied misleading investors and false advertising, adding a working lorry had been filmed in 2019. The US Securities and Exchange Commission is investigating. Nikola said it had "contacted and briefed" the SEC and intended to fully co-operate with its inquiry. Rio Tinto chief Jean-Sébastien Jacques to quit over Aboriginal cave destruction. Image copyrightGetty Images.
The 'brushing' scam that's behind mystery parcels. Image copyrightGetty Images If you've ever received a parcel from a shopping platform that you didn't order, and nobody you know seems to have bought it for you, you might have been caught up in a "brushing" scam.
Mobile users still 'ripped off' by operators says Which? Image copyrightGetty Images Mobile customers are being "ripped off" by operators who continue to charge them the full price of their contracts even when they have paid off the cost of their phone, says Which?
Some are potentially overpaying by more than £400 a year, according to the consumer watchdog. Last year Ofcom asked operators to reduce prices to out-of-contract customers from February this year. Operators, however, said they were offering customers plenty of choice. Many customers choose to get a new smartphone through a monthly bill contract, effectively paying off most of its cost over a year or two. Caged Congolese teen: Why a zoo took 114 years to apologise. Image copyright Library of Congress Ota Benga was kidnapped from what is now the Democratic Republic of Congo in 1904 and taken to the US to be exhibited.
Journalist Pamela Newkirk, who has written extensively about the subject, looks at the attempts over the decades to cover up what happened to him. More than a century after it drew international headlines for exhibiting a young African man in the monkey house, the Bronx Zoo in New York has finally expressed regret. Nestlé sued over tonnes of dead fish in French river. Image copyright AFP The head of a French fishing federation has lodged a complaint against global food conglomerate Nestlé, after thousands of fish were found dead in a river in north-eastern France.
Several tonnes of dead fish were reported in the Aisne river at the weekend, close to a Nestlé factory. The deaths were due to a decrease in oxygen levels in the water, the local prefecture said on Tuesday. Tests are being carried out to determine the origin of the pollution. The dead fish were found near Challerange, 50km (31 miles) from Reims, the prefecture said in a statement. "We have lodged a complaint against Nestlé France for pollution and violation of article 432.2 of the environmental code," said Michel Adam, president of the Ardennes Fishing Federation. The damage amounts to "several thousand euros", he added. "We have already recovered three tonnes of dead fish. Mike Pompeo criticises HSBC for backing Hong Kong security law. Image copyright Getty Images.
HSBC and StanChart back China security laws for HK. Image copyright Getty Images HSBC and Standard Chartered have given their backing to China's new security laws for Hong Kong.
Both banks made statements saying the proposed law can help maintain long-term stability in the troubled city. On Wednesday, HSBC's Asia Pacific chief executive Peter Wong signed a petition backing the law which has been widely criticised. But this backing comes as Japanese bank Nomura said it was "seriously" examining its presence in Hong Kong. Facebook to pay $52m to content moderators over PTSD. Image copyright Getty Images Facebook has agreed to pay $52m (£42m) to content moderators as compensation for mental health issues developed on the job.
The agreement settles a class-action lawsuit brought by the moderators, as first reported by The Verge. Facebook said it is using both humans and artificial intelligence (AI) to detect posts that violate policies. The social media giant has increased its use of AI to remove harmful content during the coronavirus lockdown. Elon Musk tweet wipes $14bn off Tesla's value.
Image copyright Getty Images Tesla boss Elon Musk wiped $14bn (£11bn) off the carmaker's value after tweeting its share price was too high. It also knocked $3bn off Mr Musk's own stake in Tesla as investors promptly bailed out of the company. Banks under fire for coronavirus loan tactics. Image copyright Getty Images Banks have been criticised by firms and MPs for insisting on personal guarantees to issue government-backed emergency loans to business owners. The requirement loads most of the risk that the loan goes bad on the business owner, rather than the banks. It means that the banks can go after the personal property of the owner of a firm if their business goes under and they cannot afford to pay off the debt. Their main home would be protected but the bank could go after other assets. Those can include things like personal savings, shares or holiday homes. Image copyright Alex Harris. Is it okay to tell a dirty joke at work?
Facebook blocks the Spinner's 'brainwashing' tech. Image copyright BBC/getty images Facebook has issued a cease and desist notice to an Israeli firm that claims to be able to subconsciously alter people's behaviour. The Spinner charges a fee to "subconsciously influence" targets by exposing them to online posts "disguised as editorial content". But Facebook has objected to the start-up using its services to achieve this. And the tech giant has barred the firm and its chief from using Facebook or Instagram for any reason. Boeing 737 Max: Worker said plane 'designed by clowns' Image copyright Getty Images The release of a batch of internal messages has raised more questions about the safety of Boeing's 737 Max.
In one of the communications, an employee said the plane was "designed by clowns". WeWork ex-boss had 'penchant to smoke marijuana' The WeWork debacle should be an indictment of modern finance. It happens every few years – not quite with the regularity of the seasons but with the inevitability of a natural disaster. The Fall of WeWork: How a Startup Darling Came Unglued. WeWork seen as startup lesson in what not to do in Silicon Valley. Work on production line of Boeing 737 Max ‘not adequately funded’
Crypto for care homes - one bad idea. Boeing ditches 737 Max name on new Ryanair plane. WH Smith 'worst' retailer in UK, says Which? survey. Johnson & Johnson faces trial over opioid crisis in Oklahoma. US states file lawsuit accusing drugs firms of inflating costs. Insys Therapeutics founder John Kapoor convicted in US opioid case. Chase criticised for 'mocking' customers' spending habits. Former VW boss charged over diesel emissions scandal. Sackler billions targeted in New York fraud lawsuit. Sackler-owned Purdue Pharma settles opioid lawsuit for $270m. Volkswagen and former boss face US lawsuit over Dieselgate. What's gone wrong at Weight Watchers? Fyre Festival: My front-row seat for the chaos in the Exumas.
Mastercard fined £504m by Europe for competition breach. Ex-Credit Suisse bankers arrested over '$2bn fraud scheme' Facebook documents show Mark Zuckerberg is ruthless about growth.