McDonald’s is taking legal action against its former chief executive Steve Easterbrook, who was sacked last year over a relationship with another employee, alleging that he should not have been given severance pay because he “concealed evidence and lied about his wrongdoing”. The Briton had originally admitted to having a consensual […]
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Tencent-backed Chinese video app sues ByteDance unit for unfair competition
HONG KONG — Tencent Holdings-backed Kuaishou Technology, which operates China’s second-largest short-video platform after ByteDance-owned Douyin, has filed a lawsuit against its larger rival, shedding light on the intense competition in the country’s multibillion-dollar streaming market. The dispute started as Beijing-based Kuaishou alleged that searching for the keyword “Kuaishou” on 360 […]
Coronavirus latest: US state sues China for pandemic losses
The Nikkei Asian Review is tracking the spread of the new coronavirus that originated in the central Chinese city of Wuhan. Global cases have reached 2,397,216, according to the World Health Organization. The worldwide death toll has hit 162,956. To see how the disease has spread, click this interactive virus […]
WeWork sues SoftBank for reneging on $3bn tender offer
NEW YORK — WeWork filed a lawsuit Tuesday against SoftBank Group that accuses the Japanese investment powerhouse of breach of contract after it walked away from its promised $3 billion tender offer. The legal complaint, filed in Delaware by WeWork parent The We Company, is also alleging SoftBank breached its fiduciary duty to WeWork’s minority stockholders. Referring to SoftBank’s backtracking […]