Boeing’s grounded 737 Max jets ‘set for extra cockpit safety alarms’ in wake of Ethiopia crash March 21, 2019 Boeing will reportedly install extra safety alarms in the cockpits of all its 737 Max planes after the model suffered its second fatal in five months earlier this month. The 737 Max range, Boeing’s new flagship plane designed to be a mainstay for decades to come, has been grounded by authorities across the globe after [...]
EU agrees to delay Brexit until 22 May if MPs back Theresa May’s deal March 21, 2019 The EU has said it will agree to a short delay to Brexit only if MPs back Theresa May's withdrawal deal next week. A leaked EU document read: "The European Council commits to agreeing to an extension until 22 May 2019, provided the WA is approved by the HoC next week. Given that The UK does [...]
Luxury rental property platform The Plum Guide to use £14m fundraise for rapid expansion March 21, 2019 High-end property rental platform The Plum Guide, which aims to eliminate disappointment from holiday bookings, has raised £14m in a Series B funding round led by Talis Capital as it prepares to launch in six more cities. The Plum Guide, which was set up in London in 2015, will be available in Barcelona, Berlin, Copenhagen, [...]
Google grants €500,000 to regional UK publishers for podcast venture March 21, 2019 Local publishers Reach and JPI Media have secured €500,000 (£433,000) in funding from Google to launch a new podcast project for local news. The grant will help the two regional publishers, which have partnered with podcast platform Entale, to develop the new audio project known as Laudable. Read more: The Bureau of Investigative Journalism secures £800,000 [...]
City firms to shift £1 trillion in assets to EU as Brexit contingency plans take action March 21, 2019 The City’s financial services firms have moved around £1 trillion of assets to Europe as the sector puts Brexit contingency plans into action. Companies have also increased job relocation in the last few months with around 7,000 set to move to Europe, according to EY. Read more: Sterling slides to fresh one-week low against dollar [...]
Data breaches drive losses from fraud up to £1.2bn March 21, 2019 The theft of personal information following data breaches drove an increase in money stolen through fraud to £1.2bn last year. A number of well known companies suffered high profile data breaches in 2018, including Facebook, Google, and British Airways. Read more: Fraud office launches investigation into London Capital & Finance Unauthorised fraud, where the account [...]
Sterling slides to fresh one-week low against dollar as Brexit clouds gather March 21, 2019 The pound slid against the dollar this afternoon to hit a fresh one-week low after French President Emmanuel Macron said Britain “will be going to a no deal” if Parliament again rejects the Brexit agreement. Sterling was down 0.8 per cent today against the dollar as traders reacted badly to continued uncertainty in the Brexit saga. [...]
Facebook, Cambridge Analytica, and your data – a look back one year after the personal data scandal March 21, 2019 Last Sunday marked the first anniversary of newspapers breaking the story of Cambridge Analytica. The Guardian and the New York Times revealed that the British political consulting firm had been able to harvest the personal data of millions of Facebook users without permission. Cambridge Analytica had to file for insolvency just a few months after [...]
Finland to probe Nokia phones over reports they sent data to China March 21, 2019 Data protection authorities in Finland are set to launch an inquiry into Nokia-branded phones following reports the handsets sent data to China. Norwegian media today reported the Nokia 7 Plus model, which is built by Finnish firm HMD, had suffered a data breach that had resulted in data being sent to China. Read more: Nokia [...]
Kirkland & Ellis retains its title as world’s richest law firm after 18 per cent revenue growth March 21, 2019 US legal powerhouse Kirkland & Ellis has retained its title as the world’s wealthiest law firm after its revenue jumped 18 per cent to $3.76bn (£2.87bn) in 2018. The firm, which has expanded rapidly in London in recent years, also boosted profit per equity partner (Pep) seven per cent to $5.03m, the first time it [...]