Wednesday 28 September 2016
 
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damages

Tremor rocks Philippines' island, no damages reported

A strong earthquake of magnitude 6.3 struck off the Philippine's Mindanao island on Saturday, sending hotel guests and construction workers running from buildings in Davao, but there were no immediate reports of damage. The US

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Malaysia Airlines settles damages with MH17 victims

Malaysia Airlines has struck a deal to settle damages claims for most victims of its MH17 flight that was shot down over eastern Ukraine two years ago on Sunday, Dutch national broadcaster NOS reported. NOS cited Veeru Mewa, a law

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Kuwait seeks $1bn damages over Olympic ban

Kuwait is seeking $1 billion in damages from the International Olympic Committee (IOC) for banning the country from international competitions, state news agency Kuna reported. The IOC suspended Kuwait in October 2015, accusing th

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Etisalat unit ordered to pay $450m in damages

An African subsidiary of Etisalat has been ordered to pay 413 million euros ($450.9 million) in damages to a minority shareholder in Telecel Benin, the Abu Dhabi-listed telecom operator said on Wednesday. Atlantique Telecom, which

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JPMorgan in $388m damages settlement deal

JPMorgan Chase & Co agreed to pay $388 million to settle a suit by investors claiming that the largest US bank had misled them about the safety of $10 billion worth of residential mortgage-backed securities it sold before the financial crisi

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Record $23bn damages awarded against RJ Reynolds

A Florida jury has awarded the widow of a chain smoker who died of lung cancer 18 years ago record punitive damages of more than $23 billion in her lawsuit against the R J Reynolds Tobacco Company, the nation's second-biggest cigarette maker

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HSBC revenues sag, may face $1.6bn US lawsuit hit

HSBC posted lower than expected earnings on Monday and said it might have to pay $1.6 billion in damages over a US lawsuit, reviving concerns over legacy issues and growth prospects at Europe's biggest bank. Its shares fell mo

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Kharafi wins $930m damages from Libya

  Libya will have to pay Kuwait's Kharafi group $930 million in damages for former leader Muammar Gaddafi's cancelling of the construction of a vacation resort, Kuwaiti newspapers reported o

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Kuwait pays $2.2bn in damages to Dow Chemicals

Dow Chemical Company has received $2.2 billion in damages from Kuwait's state chemicals company, bringing an end to a more than four-year dispute over a scrapped plastics joint venture.

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Kuwait pays $2.2bn in damages to Dow Chemicals

Dow Chemical Company has received $2.2 billion in damages from Kuwait's state chemicals company, bringing an end to a more than four-year dispute over a scrapped plastics joint venture.

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