Business

SeaWorld and ex-boss to pay $5m to settle fraud claim

[ad_1] Image copyright Reuters Image caption SeaWorld ended its controversial orca breeding programme in 2016 SeaWorld and its former boss have agreed to pay more than $5m to settle claims they misled investors over the impact of documentary film Blackfish.The firm and James Atchison downplayed the effect on the firm's reputation and business, the US regulator said. The 2013 US film was about a performing killer whale at the marine
Business

Apple pays disputed Irish tax bill

[ad_1] Image copyright Getty Images Image caption Apple's European headquarters in Cork city centre, southern Ireland Apple has paid the Irish government €14.3bn (£12.7bn), money that the European Commission ruled the tech giant owed due to illegal tax breaks.Ireland's Finance Ministry said the payment was a "significant milestone", although Dublin insists Apple was not given any special tax treatment.In 2016 the Commission ruled the 1% effective tax rate that Apple
Business

Tesla shares hit by criminal probe report

[ad_1] Image copyright Reuters Tesla shares have fallen after a report that the electric car-maker and its boss Elon Musk face a criminal probe.Bloomberg reported that the US Justice Department has opened a fraud inquiry triggered by Mr Musk's tweets about de-listing the companyMr Musk said he had "funding secured" to de-list the company, but later dropped the plan.The firm's shares fell more than 4% after the report, which cited
Business

Ferrari puts new supercar in pole position

[ad_1] Image copyright Reuters Image caption Ferrari has yet to take the wraps off its new models Italian sports carmaker Ferrari is seeking to capitalise on its Formula 1 success with a new limited-edition open-top racing-style supercar.The Monza will come in single-seater and two-seater versions as part of a new range dubbed Icona. The move is part of a new five-year strategy to be outlined by new chief executive Louis
Business

Why do billionaires want to own the news?

[ad_1] Image copyright Getty Images Image caption Marc and Lynne Benioff will not be involved in any editorial decisions at Time magazine What does a person who already has everything want: another sports car, a bigger yacht, or maybe a champion sports team?Increasingly, the answer seems to be a high profile newspaper or magazine that has fallen on hard times. Business moguls - even those whose values were forged long
Business

McDonald’s workers strike over sexual harassment policy

[ad_1] Image copyright Getty Images Staff at McDonald's restaurants in 10 US cities will walk out on Tuesday over claims the fast food giant is not doing enough to prevent sexual harassment. The strike comes after 25 women filed complaints against the chain, alleging it failed to enforce company rules against abuse.The women said they were ignored after reporting incidents including groping, indecent exposure and lewd comments.McDonald's said there was
Business

Formula 1’s owners sign sponsorship rights deal for in-play betting

[ad_1] Former ESPN executive Sean Bratches runs the commercial operations of Formula 1Formula 1's owners have signed a deal to sell sponsorship rights to betting companies.The deal with Interregional Sports Group, reportedly worth more than $100m (£76m), will allow F1 to develop in-play betting markets during grands prix.F1 will also work with Sportradar to monitor betting-related fraud.Managing director Sean Bratches said the deal would give fans "new ways to engage
Business

BMW, Daimler and Volkswagen face EU emissions probe

[ad_1] Image copyright EPA Image caption BMW is one of the firms under investrigation German carmakers BMW, Daimler and Volkswagen are to face an EU inquiry for allegedly conspiring to restrict diesel emissions treatment systems.The European Commission said it was investigating whether they agreed to limit the development of systems to reduce harmful emissions.It said that if proven, this could mean that consumers had been denied the chance to buy
Business

Tackling food waste in Nigeria with an app

[ad_1] Image caption Oscar Ekponimo is the entrepreneur behind Chowberry "Going without food for any person, for any child - it's destabilising, it shakes you to your core. I remember being a child and going without food and being able to have just one good meal in a day."Oscar Ekponimo's drive comes from a childhood fuelled by hunger. When his father got sick and couldn't work, the whole family went
Business

‘I dialled into work and prayed my baby wouldn’t wake up’

[ad_1] Image copyright Melissa Brooker Image caption Melissa Brooker and her daughter, Isabelle, now aged five Melissa Brooker had been in her job as a senior HR director for 10 years and "loved every minute of it".Then she had her first child. "Sadly, the year I returned took the shine off for me," she says. "Gradually, it became obvious that my employers still needed a lot of face-time. I could