The German payments-company Wirecard is suing the Financial Times over its investigative reports into its business practice, according to Reuters.
The Financial Times' reporting has hit Wirecard's reputation hard, wiping billions off the fintech's market value. Wirecard has been the focus of a series of articles in the Financial Times, including by reporter Dan McCrum the journalist being sued, which the company alleges used and misrepresented business secrets,The company's shares have taken a pounding from the articles' allegations. Earlier this year they became worth about 4 billion euros more than Deutsche Bank, Germany's largest lender, according to Bloomberg data.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas sues fuel tank company over Houston chemical fire, aftermathTexas officials on Tuesday sued owners of a Houston area petrochemical storage f... Good!!👍 How about Texas let Tesla sell cars directly. Instead of getting in their way. A positive move towards clean energy. No?
Source: Reuters - 🏆 2. / 97 Read more »
Fifty women sue Salesforce, claiming company sold business tools to sex trafficking site BackpageThe lawsuit paints a dark picture of Salesforce, which has long touted human rights and building technology for the greater good. Ruh roh Mr. Orange man bad in hot water Lol wut 😂😂😂 another friend of Jimcramer
Source: CNBC - 🏆 12. / 72 Read more »
7 companies that give staff paid time off when they get a puppyPuppies require a lot of care and attention, so some companies give their employees time off to help their new furry friend settle in.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The secretive German family behind the company that owns Panera Bread, Krispy Kreme, and Pret a Manger is donating more than $11 million after the discovery of its Nazi pastThe family behind Kripsy Kreme, Panera, and Caribou Coffee is making plans to atone for its Nazi past. The donation won’t get the blood off of their hands. Pennies compared to what they're worth, and a completely empty gesture from the offspring of monsters So that’s what they did with all those ashes
Source: BusinessInsider - 🏆 729. / 51 Read more »
Apple's rumored Stamplay acquisition will bolster its payment productsApple reportedly acquired Stamplay, an Italy-based application programming interface (API) developer, for €5 million ($5.6 million).
Source: BusinessInsider - 🏆 729. / 51 Read more »
Citigroup to enter burgeoning consumer payments businessCitigroup Inc said on Tuesday it is developing a consumer-payments platform, in ... Check it out! will ebay amazon product photo editing image ... for $5 on Fiverr service values clippingpath hairmasking colorcorrection Backgroundremove Retouching mannequin Shadow Restorephoto Manipulation photoshop For the money
Source: Reuters - 🏆 2. / 97 Read more »