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Tag: FINE

Retail Asia13/12/2023
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General

Apple attempts to escape EU fine by offering to open its NFC technology for rivals

3min0
In an attempt to avoid a hefty fine and ongoing legal battle with the European Union, Apple is reportedly proposing to open up its near-field communication (NFC) technology, used for tap-and-go payments, to its rivals. This move comes after the European Commission launched an antitrust investigation into Apple’s practices surrounding Apple Pay, suspecting that the […]
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Retail Asia07/06/2022
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General

Tech giants pay $220 million in taxes

2min0
Cross-borders platforms like Facebook and Google have paid VND5.1 trillion ($220 million) in taxes for the period between 2018 and 2021, says Finance Minister Ho Duc Phoc. He informed lawmakers in a report that by April 2021, Facebook had been taxed VND1.97 trillion; Google, VND1.9 trillion; and Microsoft, VND651 billion. The figures were 15 percent […]
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Retail Asia12/01/2022
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Food

Disgraced McDonald’s ex-CEO pays back US$105m in settlement

1min0
McDonald’s has settled a lawsuit with former CEO Steve Easterbrook, forcing the disgraced executive to repay his severance package of more than $100 million. Easterbrook was fired in 2019 after the fast-food giant’s board determined that he violated company policy by demonstrating poor judgment involving a recent consensual relationship with an employee. In August 2020, […]
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Retail Asia10/02/2021
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Automotive

Chinese Regulators Call In Tesla Over Customer Complaints

2min0
Chinese government officials have met representatives from U.S. electric carmaker Tesla Inc over reports from consumers about battery fires, unexpected acceleration, and failures in over-the-air software updates, a regulator said on Monday. China’s State Administration for Market Regulation said in a social media post its officials, along with those from the Ministry of Industry and […]
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Retail Asia14/10/2019
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General

Aeon Stores Hong Kong fined over TV sale

3min0
Aeon Stores Hong Kong has been convicted and fined HKD1200 (US$153) at Eastern Magistrates’ Courts for contravening the Product Eco-responsibility Ordinance (PERO) as a result of not informing a customer about its statutory obligation when selling a television set. A spokesman for the Environmental Protection Department (EPD) said the department had received a complaint earlier […]
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Retail Asia03/10/2019
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Automotive

US Fines Hyundai $47 Million Over Dirty Diesel Engines

2min0
South Korean automaker Hyundai will pay a $47 million fine for illegally importing and selling dirty diesel engines in violation of American environmental rules, US authorities announced Thursday. Between 2012 and 2015, the company imported nearly 2,300 diesel-powered heavy construction vehicles with engines that did not meet US emissions standards, the US Justice Department said in a […]
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Retail Asia27/06/2019
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Food

Whittard of Chelsea launched in Taiwan

2min0
Fine beverages retailer Whittard of Chelsea has partnered with Ruentex Group to launch its first stores in Taiwan. The new venues, located in Breeze Nanshan department store and Mitsui Mall in Taichung, are early steps in the firm’s emerging international expansion. The firm chose Taiwan following considerable interest in the brand among Taiwanese tourists in […]
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Retail Asia14/06/2019
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General

Google faces a huge fine for violating privacy rules

3min0
Last year, the European Union adopted the General Data Protection Regulation (GDPR) designed to boost privacy rights in the union. Under this regulation, companies in the EU cannot use a consumer’s personal data without informed, explicit consent. A company found to have violated the GDPR can be socked with a fine as large as 4% […]
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Retail Asia28/05/2019
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Automotive

Porsche To Pay 535 Million Euro Fine Over Diesel Affair

1min0
German prosecutors have imposed a fine of 535 million euros ($598.99 million) on German luxury carmaker Porsche AG for neglecting supervisory obligations linked to diesel emissions cheating, they said in a statement on Tuesday. Prosecutors in the southern city of Stuttgart said that the company’s development department had neglected its legal obligations, which ultimately led to the […]
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Retail Asia23/05/2019
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General

Apple faces a fineof $26.6 billion in antitrust probe

5min0
The Financial Times reports today that complaints made by music streamer Spotify against Apple will be investigated by the EU competition commission. The issue is the 30% cut of revenue that Apple charges apps in the App Store for using its payment system. Spotify calls this the “Apple Tax” and complains that it gives rival streamer […]
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Retail Asia10/05/2019
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Electronics

Facebook expects to be hit hard by the FTC

3min0
After word got out last year that 87 million Facebook members had their profiles sold to political consultant Cambridge Analytica without permission, the Federal Trade Commission started an investigation. After all, this action violated an FTC consent decree that Facebook signed off on back in 2011, promising not to use subscribers’ personal data without consent. Facebook announced […]
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Retail Asia26/03/2019
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E-Tailing

Online electronics retailer EasyTalk fined for TV Commercial

3min0
Electrical equipment seller EasyTalk has been convicted of five charges under the Product Eco-Responsibility Ordinance. The company is the first of seven Hong Kong electronics retailers caught suspected of violating the Product Eco-Responsibility Ordinance (PERO), with the other six to face hearings this month and next. EasyTalk Group Company was convicted and fined $6500 at […]
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Retail Asia13/02/2019
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Living

Vietnam prosecutors support Grab appeal against Vinasun

3min0
Prosecutors in Ho Chi Minh City have appealed a verdict ordering Grab to pay compensation to domestic taxi firm Vinasun. They want the appeal court to quash the order requiring the Singapore ride-hailing firm to pay VND4.8 billion ($206,000) in compensation for alleged losses and reject all of Vinasun’s demands. Grab violated a pilot transport ministry […]
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Retail Asia23/01/2019
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General

Google was fined for $57 million under the GDPR

5min0
The CNIL, the French data protection watchdog, has issued its first GDPR fine of $57 million (€50 million). The regulatory body claims that Google has failed to comply with the General Data Protection Regulation (GDPR) when new Android users set up a new phone and follow Android’s onboarding process. Two nonprofit organizations called ‘None Of Your Business’ […]
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