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HSBC finds itself in hot water as a court petition by one account holder to release the report on its money-laundering activities in 2012, which had resulted in a $1.9 billion fine. At the same time, it dodged formal government inquiry over allegations that it had been helping its immensely wealthy clients avoid paying tax.

Microsoft is slated to launch Lumia 650, its upcoming Windows 10-enabled smartphone, soon. More details about its release are expected to be announced next month through its official blog.

Three US citizens have been reported to be kidnapped in Baghdad. The Iraqi police today confirmed the news about the three US nationals that have gone missing in Baghdad a few days ago.