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Commonwealth Bank rejects industry compensation pool for bad advice victims
2015-08-12 15:24:03| Automakers - Topix.net
CBA chief executive Ian Narev said the drop in retail life insurance sales can be traced back to stiffening competition in the life sector. Commonwealth Bank of Australia has refused to back an industry-wide compensation scheme of last resort for victims of financial planning disasters, as the bank's wealth arm continues to grapple with the fallout of its own advice scandals.
Tags: bad
industry
advice
bank
Google rejects French order to extend right to be forgotten
2015-07-31 09:00:00| Telecompaper Headlines
(Telecompaper) Google has rejected an order from the French data protection regulator to implement the 'right to be forgotten' across the search engine's websites. France's CNIL ordered Google last month to offer the right to be forgotten not just on Google.fr, but also on the Google.com site. This follows the ruling in May 2014 by the EU's Court of Justice that individuals can ask website operators to remove personal information from their sites if there is no associated public interest. Since then Google has received more than a quarter of a million requests to remove listings in its search engine to over 1 million individual web pages. If Google does not comply with the requests, users can file a complaint with EU regulators such as CNIL. It was following such complaints that the French regulator told Google to expand its delisting to Google.com, and not just European Google pages. Google said in a statement on its policy blog that it could not allow one country to set policy for the entire world. "We believe that no one country should have the authority to control what content someone in a second country can access," Google said. It also called the CNIL's order "disproportionate and unnecessary" as around 97 percent of French internet users access a European version of Google's search engine like google.fr, rather than Google.com.
World Bank rejects energy industry notion coal can cure poverty
2015-07-30 15:05:00| Climate Ark Climate Change & Global Warming Newsfeed
Guardian: The World Bank said coal was no cure for global poverty on Wednesday, rejecting a main industry argument for building new fossil fuel projects in developing countries. In a rebuff to coal, oil and gas companies, Rachel Kyte, the World Bank climate change envoy, said continued use of coal was exacting a heavy cost on some of the worlds poorest countries, in local health impacts as well as climate change, which is imposing even graver consequences on the developing world. In general globally...
Tags: world
industry
energy
bank
US appeals court rejects apartheid cases against Ford, IBM
2015-07-27 21:34:20| Automakers - Topix.net
A federal appeals court has rejected lawsuits accusing IBM Corp. and Ford Motor Co. of supporting apartheid in South Africa decades ago through their business deals.
New Zealand Supreme Court Rejects 'Climate Refugee' Bid
2015-07-22 15:29:00| Climate Ark Climate Change & Global Warming Newsfeed
Vice: New Zealand's Supreme Court has delivered the final rejection of a Pacific Islander's landmark bid to become a climate refugee. Ioane Teitiota, a 38-year-old man who has been living in New Zealand since 2007, had argued that he and his wife and three children would face "passive persecution" if they were forced to return to the low-lying archipelago nation of Kiribati because its government is unable to protect them from rising sea levels caused by climate change. Prior to arriving in New Zealand,...
Tags: court
bid
zealand
supreme
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