Business World

Tuesday 20 March 2018

Exaxe reports 30pc increase in revenue


DUBLIN-based company Exaxe, which provides technology to the life and pensions sector, has reported a 30pc increase in revenue for last year. The company also plans to add 20 new jobs over the next two years as it expands into new markets. Last year, Exaxe secured a contract with UK pensions administrator Capita, which will see its technology eventually being used in 25pc of UK life and pensions policies.

Japan's exports fall for fifth month


JAPAN'S exports fell for the fifth month in a row in July as the country contends with a strong yen and the ongoing impact of the March earthquake and tsunami. Exports fell 3.3pc from a year earlier to 5.78 trillion yen (€52.7bn), the government said. Data earlier this week showed that Japan's economy was still mired in recession, shrinking for the third quarter in a row in the April-June period.

Apple being sued over data usage


APPLE is facing a lawsuit brought by 27,000 South Koreans who are angry over the collection of location data on iPhones and iPads. Each is seeking 1m yuan (€614) won in compensation for privacy violations. Apple has faced criticism since it emerged in April that its iPhones and iPads stored locations which could be used to create a map of the user's movements. The lawsuit could pave the way for others around the world.

Emails to be opened in Facebook case


A JUDGE has given Facebook access to the personal email accounts of a man suing for half ownership of the social-networking website and ordered him to explain why he could not produce documents its lawyers believe are evidence. Proof that Paul Ceglia's case is a fraud has been sitting on a Chicago law firm's email server since 2004, Facebook lawyer Orin Snyder told a federal judge in New York on Wednesday. An email Ceglia sent to an ex-business associate at the firm includes a copy of the contract he and Facebook founder Mark Zuckerberg signed, Mr Snyder said. Unlike the one Ceglia filed, it does not mention Facebook, only a database Mr Ceglia had hired Mr Zuckerberg to work on, he said.

Irish Independent

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