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Showing posts from June 11, 2018

Amazon said it pushed Chinese factory for reforms before report published

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Amazon said it has called on a supplier to clean up its act at a Chinese factory where a watchdog group says it observed harsh conditions and mistreatment of workers. Amazon said it had discovered "two issues of concern" at the Foxconn factory in Hengyang earlier this year. The concerns involved treatment of dispatch workers and overtime pay, Amazon spokesman Ty Rogers said. He did not respond to a request for further details. Amazon's admission comes after an investigation by the US-based watchdog group China Labor Watch, and  The Observer  — The Guardian's weekly newspaper — into worker conditions at the Hengyang factory, where Echo smart speakers and Kindle e-readers are made. A report about the investigation, which was carried out between August 2017 and April 2018,  published on China Labor Watch's website  Sunday. It alleges multiple violations of Chinese labor law at the factory. It also describes an environment where 60-hour workweeks are

Billions in cryptocurrency wealth wiped out after hack

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A cyberheist at a little-known virtual currency exchange helped wipe billions of dollars off the value of bitcoin and other digital currencies. The price of bitcoin slumped more than 7% after South Korea's Coinrail announced that it had been targeted by cyberthieves. In a statement Monday, the exchange said that it had a suffered a security breach in which hackers stole about 30% of its virtual currencies. Coinrail said it had temporarily suspended trading in digital currencies and was fully cooperating with investigators to try to track down the missing funds. The exchange did not disclose the value of tokens stolen. The theft was of less well-known cryptocurrencies rather than bitcoin itself. South Korea has emerged as a hotbed for trading in virtual currencies over the last year. Coinrail is one of its less-well-known trading platforms. Still, the news sent shock waves through virtual currency markets. As well as bitcoin, prices for other commonly traded digital c

Gareth Bale wants a move to the Premier League

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- Real Madrid star Gareth Bale could be on his way back to the Premier League this summer  - He is said to have told Los Blancos' chiefs that he wants to leave the club  - Gareth Bale is a target for Manchester United Real Madrid winger Gareth Bale has reportedly told the club's chiefs that he wants a return to the Premier League if he quits the Spanish giants. The news will come as a good development for Manchester United who are said to be interested in his signature this summer. The former Tottenham star helped Los Blancos to beat Liverpool in the Champions League final, and he has since threw his future into doubt at the Bernabeu. According to the latest report by UK Sun, the 28-year-old is considering a return to the Premier League in England. Real Madrid are said to have named their price for star winger Gareth Bale who has emerged as a transfer target for many clubs. Real Madrid are said according to the report to be considering selling Gareth Bale only