U.S. wireless carrier Sprint Corp is expected to face a $105 million fine from the Federal Communications Commission in coming weeks over unauthorized charges on customers' cellphone bills, a practice known as cramming, according to FCC officials.
French telecom group Orange SA has been sued in California by San Francisco-based startup Telesocial over an application that lets users make phone calls via their Facebook profiles, the Financial Times reported.
The Bank of England gave Britain's state-backed lenders a narrow pass in its debut annual stress tests on Tuesday, but warned that next year banks would face tougher checks of their capital strength and international exposure.
China has launched a fresh security drive that allows it access to all transfers through the state-backed UnionPay credit card to identify suspicious transactions in Macau, the latest move in a crackdown on illicit funds leaving the country, the South China Morning Post reported on Wednesday.
