The US Commodity Futures Trading Commission (CFTC) on Thursday ordered Citigroup Global Markets Inc. (Citigroup) to pay over 25 million dollars for engaging in deceitful business trading practices. The CFTC found that Cigroup would place bids on the futures market with the intent to prematurely withdraw bids. This practice is called spoofing and violates the [...]

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The UN Special Rapporteur on the human rights of internally displaced persons (IDPs), Cecilia Jimenez-Damary on Thursday sharply condemned bombings in Nigeria as a means of counter insurgency against Boko Haram. The bombings struck a camp housing IDPs, and initial reports from the government indicated that as many as 50 people had been killed and [...]

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Seventy-seven advocacy groups penned a letter to Facebook founder Mark Zuckerberg Wednesday asking for transparency in the social media website’s censorship of speech. The groups are concerned with Facebook’s censorship of people of color’s posts, mainly regarding political speech and law enforcement. The letter was backed by 77 different groups, including the American Civil Liberties [...]

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The US Department of Labor filed a lawsuit against Oracle America, Inc. on Tuesday alleging the leading technology company has a systemic practice of paying Caucasian male workers more than their counterparts in the same job title, leading to pay discrimination against female, African American and Asian employees. An additional allegation also claims that the [...]

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The European Commission (EC) on Thursday welcomed an agreement between Amazon and Apple to eliminate their exclusivity obligations with respect to the supply and distribution of audiobooks. These exclusivity rights required Apple to source only from Amazon’s audible unit and prevented Amazon from distributing any music platform other than Apple’s iTunes store. Under this agreement [...]

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