French telecom group Orange SA has been sued in California by San Francisco-based startup Telesocial over an application that lets users make phone calls via their Facebook profiles, the Financial Times reported.
The Bank of England gave Britain's state-backed lenders a narrow pass in its debut annual stress tests on Tuesday, but warned that next year banks would face tougher checks of their capital strength and international exposure.
China has launched a fresh security drive that allows it access to all transfers through the state-backed UnionPay credit card to identify suspicious transactions in Macau, the latest move in a crackdown on illicit funds leaving the country, the South China Morning Post reported on Wednesday.
A federal jury in Florida found a former Miami-area mayor guilty of six counts of wire fraud on Tuesday, part of a scheme that used straw buyers and false mortgage applications to collect millions from lenders.
