(MENAFN - AFP) Big accountancy Deloitte was fined $10 million by New York state on Tuesday for its actions in advising Standard Chartered Bank over money laundering.

Deloitte's unit Deloitte Financial Advisory Services was fined and also banned for one year from work in New York state after state authorities said it did not carry out its duties independently in advising ...

(MENAFN - AFP) Corporate raider Carl Icahn revamped his proposal Tuesday for embattled computer company Dell, calling for a big share buyback in a plan which would keep the company public.

Icahn, who has lambasted a go-private plan led by founder Michael Dell as undervaluing the company, said he and his investor allies would vote against that proposal and urged shareholders ...

(MENAFN - AFP) Tesla Motors said Thursday it would demonstrate a way to quickly recharge electric cars by swapping drained batteries for fresh power cells.

Tesla chief executive and founder Elon Musk used popular the messaging service Twitter to put out word that a "live pack swap demo" was taking place at the company's design studio in the Southern California city of ...

(MENAFN - AFP) Cypriot President Nicos Anastasiades has sharply criticised the terms imposed for a March debt bailout in a letter to eurozone leaders pleading for help in safeguarding the island's biggest lender.

In the leaked letter he sent last week, Anastasiades charged that eurozone leaders had treated the island unjustly in their concern to avoid further contagion ...

(MENAFN - AFP) Chrysler announced Tuesday that it would bow to the US safety regulator's pressure to recall 2.7 million Jeep Libertys and Jeep Grand Cherokees over a fire risk that caused dozens of deaths.

Two weeks after rejecting the National Highway Traffic Safety Administration's recommendation for a recall, the number-three US automaker said the two sides had "resolved ...

(MENAFN - AFP) Three leading shipping companies announced an alliance on three crucial routes on Tuesday in a strategy to face over-capacity and declining demand for transportation.

CMA CGM of France, Maersk Line of Denmark and Swiss MSC Mediterranean Shipping Company said that the new so-called P3 Network would initially use 255 ships on three trade lanes: Asia-Europe, ...

(MENAFN - AFP) Chinese telecoms giant Huawei on Tuesday launched what it said was the world's thinnest smartphone, which it hopes will take on high-end rivals like Apple and Samsung in the global market.

Bidding to extend its market reach outside China, Huawei chose London to unveil its Ascend P6, which is just 6.18 millimetres thick -- the June 18 launch date reflecting ...

(MENAFN - AFP) An epidemic of measles is sweeping through parts of northern Syria, with at least 7,000 people affected because the ongoing civil war has disrupted vaccination programmes, Doctors Without Borders said on Tuesday.

"The main factor leading to the worsening of the situation and to outbreaks has been the disruption of routine immunisation activities," MSF said.

Consequently, ...

(MENAFN - AFP) Chinese wine importers have already started putting orders from France and other European countries on hold over fears of a hike in tariffs being triggered as part of a broader EU-China trade dispute, say leading figures in the sector.

Industry insiders attending this week's Vinexpo exhibition in Bordeaux revealed that China's decision to launch an anti-dumping ...