#DeleteFacebook: How can the social media giant bounce back? March 23, 2018 THE HASHTAG WAS popularised by Twitter. Now it is being used to criticise the company that owns Twitter, on Twitter. #DeleteFacebook is only the latest proof that the social media giant is in trouble. Fake news, falling stock, glaring data breaches. A 9% drop off Facebook’s shares. Mark Zuckerberg’s world-beating platform is in the [...]
Carillion collapse puts hundreds of jobs at risk as first major supply-chain firm faces administration March 23, 2018 Hundreds of jobs have been put at risk after a Carillion supplier today prepared to call in administrators. Vaughan Engineering, a family-owned company founded in 1955, is set to be Carillion's first major supply chain casualty. Some 160 staff across Vaughan's Edinburgh, Warrington and Newcastle offices are facing redundancy. The firm employs around 500 people [...]
MPs say government’s Heathrow expansion proposals need a rejig before a vote in parliament March 23, 2018 Parliament should approve the government's case for a third runway at Heathrow – but only after concerns around air quality, noise and costs are properly addressed, a report has found. The transport select committee's long-awaited scrutiny of the government's plans supports the case of pushing on with the development of a third runway at Heathrow, [...]
Editor’s Notes: Time to wake up to your own online data dump March 23, 2018 Having spent the past decade pouring my every opinion and interest on toFacebook, I find myself outraged to discover that the data generated by my self-obsessed oversharing has been used to try and sell me things. Worse, political campaigns have been using my deep data footprint to try and target me with campaign messages. This [...]
Artificial Intelligence Is Coming for Your Job March 23, 2018 | City Talk Serendipity shapes careers. Who you meet, who you connect with, and who you build relationships with will define your professional journey, impacting not only the jobs you get, but also the experience you have in those jobs — sometimes, even the sense of fulfilment you experience in your career. Few careers unfold as planned by [...]
Flybe share price nosedives after Stobart Group abandons offer for airline March 22, 2018 The owner of London Southend Airport this morning said it was pulling its interest in regional airline Flybe and won't be making an offer for the carrier. Shares in Flybe dived on the news, sinking 25 per cent in early trading. In a statement this morning, Stobart Group said it had been "unable to reach [...]
The missing link: Four ways blockchain will change the face of retail banking March 22, 2018 It's no secret that the retail banking system is in dire need of an upgrade. There is a strong case to be made for a decentralised banking system based on blockchain. With high barriers to entry (particularly in the financially vulnerable and unbanked section of the market), and the security concerns around centralised stores of [...]
Legal boss sent sexually explicit messages to woman he approached as part of Christian outreach programme March 22, 2018 The boss of one the world’s largest law firms by revenue resigned this week after engaging in “communications of a sexual nature” with a woman he approached as part of a Christian outreach programme. Bill Voge, the chair of US law firm Latham & Watkins, resigned the from the $3bn (£2.14bn) firm this week as [...]
The $3bn club: Kirkland & Ellis overhauls Latham & Watkins as world’s richest law firm March 22, 2018 US law firm Kirkland & Ellis has overhauled Latham & Watkins as the world's richest law firm, data from US legal media company ALM shows. The firm, which has its City headquarters in the Gherkin, grew its revenue by 19 per cent last year to $3.165bn (£2.24bn). This puts it ahead of rival Latham, currently [...]
Claimants up the stakes against Clydesdale Bank over Tailored Business Loans with second legal letter March 22, 2018 The stakes have been raised in a £1bn dispute against Clydesdale Bank and National Australia Bank (NAB) after lawyers for a group of small businesses sent a second letter threatening legal action. Claim management group RGL Management, which acts for the group, has accused Clydesdale Bank and NAB of acting fraudulently and dishonestly in their [...]