British Prime Minister Theresa May is expected to make a final attempt at persuading lawmakers to back her "new" Brexit deal on Wednesday but the agreement — and May's...Europe Politicsread more
Consumers in China are taking to social media to express their support for Huawei as the U.S. government looks to ramp up pressure on the Chinese smartphone maker.Technologyread more
Tensions between the two parties have heightened in recent months as the campaign for seats in the Brussels and Strasbourg-based parliament has crescendoed.Europe Politicsread more
Shares of Saudi shopping mall operator Arabian Centres were trading at 24.34 riyals ($6.49) in early deals in Riyadh.IPOsread more
There is at least one thing in common between the U.S. and Russia – their willingness to weaken the European Union, a top EU official said.Politicsread more
U.S. President Donald Trump's latest tariff increase — and Beijing's plans to counter them — are hitting U.S. companies in China, according to a joint survey this month by...China Economyread more
"We are also constantly watching whether the trade war will turn into a tech war," Ma said Tuesday, according to a CNBC translation of his Chinese remarks published by a locak...China Economyread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
Indian Prime Minister Narendra Modi's likely return to power for a second term will likely be positive for his country's growth, according to economists and investors.Asia Economyread more
Kohl's, J.C. Penney and Nordstrom release disappointing earnings news, putting a damper on their sector.Retailread more
"Pretty much the entire suite of apps that 'talk' over the internet could be vulnerable," said Tom Uren, a senior analyst at the Australian Strategic Policy Institute's...Cybersecurityread more
Ja Rule and the Fyre Festival are facing a $100 million lawsuit after the "luxury" music festival in the Bahamas they charged up to $49,000 to attend was plagued by terrible housing arrangements, food issues, thieves and feral dogs.
Concertgoers reported an organizational mess that failed to live up to the marketing material. The "Private Luxury Villas" Fyre Festival had promised for housing ended up being USAID disaster-relief tents. Services like baggage handling and guest assistance, too, didn't meet guests' expectations.
And while Ja Rule and organizers issued an apology, it didn't satisfy people upset with the artist:
Shortly thereafter, a class-action lawsuit representing attendees was filed against Ja Rule, co-founder Billy McFarland and Fyre Media, the company that runs Fyre Festival. Geragos & Geragos, a firm that has represented high-profile clients such as Chris Brown and Michael Jackson, is handling the case.
According to the lawsuit, Fyre Festival's conditions were dangerous, unsuitable and completely at odds with what was promised.
"The festival's lack of adequate food, water, shelter, and medical care created a dangerous and panicked situation among attendees — suddenly finding themselves stranded on a remote island without basic provisions — that was closer to "The Hunger Games" or "Lord of the Flies" than Coachella," the suit, filed in a U.S. District Court in California, said.
The suit alleges that the organizers were aware months in advance that the festival was "dangerously under-equipped and posed a serious danger to anyone in attendance" and is seeking damages in excess of $100 million.
That's on top of what the company already offered in a statement:
"All festival goers this year will be refunded in full," the statement said. "We will be working on refunds over the next few days and will be in touch directly with guests with more details. Also, all guests from this year will have free VIP passes to next year's festival."
"Thank you for all your continued patience and understanding. We apologize for what all of our guests and staff went through over the last 24 hours and will work tirelessly to make this right."