Company news in brief
Liberty Holdings suffers cyber attack
South African insurer Liberty Holdings said on Sunday it had become the victim of a cyber attack, with an external party claiming to have seized data from the firm and demanding payment.
“Since becoming aware, we have taken immediate steps to secure our computer systems. Liberty is investigating the breach and we will endeavour to keep all stakeholders fully informed as appropriate,” it said in a notice on its website.
-Nampa/Reuters
Unilever takes stand against digital media's fake followers
Consumer goods giant Unilever, the world’s second-biggest advertiser, is cutting ties with digital media “influencers” that buy followers, saying it wants to help make advertising more transparent.
With big brands advertising more on social media sites like Instagram and Facebook , a cottage industry of “influencers” has sprung up, in which celebrities and other popular people earn money by posting about products. But their audience numbers, which often dictate their fees, can be enhanced by purchasing followers.
The practice of buying followers risks eroding trust and therefore damaging one of the fastest-growing areas of advertising - the billion-dollar-a-year market now known as “influencer marketing” - and Unilever says it wants it to stop.
-Nampa/Reuters
Google to invest US$550 million in China’s JD.com
Google will invest US$550 million in Chinese e-commerce powerhouse JD.com, part of the US internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
The two companies described the investment as one piece of a broader partnership that will include the promotion of JD.com products on Google’s shopping service. This could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in US and European markets.
-Nampa/Reuters
Siemens wins US$2 billion contract
A division of Germany’s Siemens has been awarded a contract worth about 1.5 billion pounds (US$2 billion) to design and build 94 new trains for the Piccadilly Line on London’s metropolitan train network, known as the Tube.
Transport for London (TfL), the public body in charge of the Tube, said the award of the contract would allow Siemens Mobility Limited to push ahead with its plan to build a new factory in Goole, east Yorkshire, in northern England.
“The Siemens Mobility Limited factory would employ up to 700 people in skilled engineering and manufacturing roles, plus up to an additional 250 people during the construction phase of the factory,” TfL said in a statement.
-Nampa/Reuters
FedEx calls US tariffs on Chinese goods 'counterproductive'
- Global delivery company FedEx Corp said that US tariffs on Chinese goods will raise prices for American businesses and consumers and are “counterproductive to US economic interests.”
“FedEx supports lowering trade barriers for our customers,” the company said in a statement.
-Nampa/Reuters
South African insurer Liberty Holdings said on Sunday it had become the victim of a cyber attack, with an external party claiming to have seized data from the firm and demanding payment.
“Since becoming aware, we have taken immediate steps to secure our computer systems. Liberty is investigating the breach and we will endeavour to keep all stakeholders fully informed as appropriate,” it said in a notice on its website.
-Nampa/Reuters
Unilever takes stand against digital media's fake followers
Consumer goods giant Unilever, the world’s second-biggest advertiser, is cutting ties with digital media “influencers” that buy followers, saying it wants to help make advertising more transparent.
With big brands advertising more on social media sites like Instagram and Facebook , a cottage industry of “influencers” has sprung up, in which celebrities and other popular people earn money by posting about products. But their audience numbers, which often dictate their fees, can be enhanced by purchasing followers.
The practice of buying followers risks eroding trust and therefore damaging one of the fastest-growing areas of advertising - the billion-dollar-a-year market now known as “influencer marketing” - and Unilever says it wants it to stop.
-Nampa/Reuters
Google to invest US$550 million in China’s JD.com
Google will invest US$550 million in Chinese e-commerce powerhouse JD.com, part of the US internet giant’s efforts to expand its presence in fast-growing Asian markets and battle rivals including Amazon.com.
The two companies described the investment as one piece of a broader partnership that will include the promotion of JD.com products on Google’s shopping service. This could help JD.com expand beyond its base in China and Southeast Asia and establish a meaningful presence in US and European markets.
-Nampa/Reuters
Siemens wins US$2 billion contract
A division of Germany’s Siemens has been awarded a contract worth about 1.5 billion pounds (US$2 billion) to design and build 94 new trains for the Piccadilly Line on London’s metropolitan train network, known as the Tube.
Transport for London (TfL), the public body in charge of the Tube, said the award of the contract would allow Siemens Mobility Limited to push ahead with its plan to build a new factory in Goole, east Yorkshire, in northern England.
“The Siemens Mobility Limited factory would employ up to 700 people in skilled engineering and manufacturing roles, plus up to an additional 250 people during the construction phase of the factory,” TfL said in a statement.
-Nampa/Reuters
FedEx calls US tariffs on Chinese goods 'counterproductive'
- Global delivery company FedEx Corp said that US tariffs on Chinese goods will raise prices for American businesses and consumers and are “counterproductive to US economic interests.”
“FedEx supports lowering trade barriers for our customers,” the company said in a statement.
-Nampa/Reuters
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