Amazon to pay USD 2.5 bn in US FTC settlement over Prime sign-up practices  

The US Federal Trade Commission (FTC) said on Thursday it has reached a “historic” settlement with Amazon.com Inc and two senior executives over allegations the company enrolled millions of consumers in Prime subscriptions without consent and made it difficult to cancel.

Cochin Shipyard, Singapore’s Seatrium sign MoU to boost offshore collaboration

Under the MoU, the two companies will combine their complementary strengths — SOT’s engineering excellence, specialised equipment and offshore solutions, and CSL’s extensive infrastructure, fabrication facilities and ship repair expertise to leverage business opportunities.

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