Profits rise at defence firm Chemring as US spending grows June 21, 2018 Ammunitions manufacturer Chemring Group has reported a five per cent rise in profits due to increased defence spending by the US government. Underlying operating profits at the firm rose to £18.1m in the six months ending 30 April, which is a 5.2 per cent rise on the £17.2m raised a year earlier. Read more: Chemring [...]
Facial verification and recognition software is crucial for security and identity protection June 21, 2018 Several stories last month reported that facial recognition technology used by UK police was “staggeringly inaccurate”. Yet in the last six months, multinational financial services firms, such as ING and Rabobank, have started using automatic face matching to replace in-person identity checking. The question is, how reliable is this technology? Read more: Facebook will ask [...]
Revolut launches Connect, its open banking enterprise marketplace June 21, 2018 Banking challenger and fintech unicorn Revolut has launched Connect, its marketplace for business banking. Users of Revolut’s business accounts will now be able to connect to and build integrations with popular business apps like accounting software Freeagent and workplace messaging service Slack. Partnerships coming soon include Xero, Sage, Freshbooks and Quaderno. The news comes as [...]
Cheesegrater, Bethnal Green tube station and the new Bloomberg HQ among winners in national architecture awards June 21, 2018 The Cheesegrater, the new Bloomberg headquarters and Bethnal Green tube station are among the winners in the Royal Institute of British Architects (Riba) 2018 national awards for architecture. Twenty six of the 49 winners, which were announced today, are located in London, including the Victoria and Albert Museum’s Exhibition Road Quarter, the Shaftesbury Theatre and [...]
World Cup 2018: Nordin Amrabat incident highlights football’s poor relationship with concussion June 20, 2018 Five days ago Nordin Amrabat lay prone at the side of the pitch. The Morocco right-back had collided with Iran’s Vahid Amiri during their World Cup match. His arms were rigid, his mind foggy. When he came round from his unconscious state he was slapped around the face and sprayed with water. He was substituted, [...]
These are the 50 hottest fintech startups in Europe right now, as London fights to keep up with innovation June 20, 2018 Over half of the 2018 Fintech50 are based in London, as it fights to keep its crown amid increasing competition from startups in cities like Berlin, Dublin, Amsterdam and Warsaw. The city has produced 27 out of Europe’s best ‘ones to watch’, selected from the list’s largest ever pool of over 1,800 fintechs across the [...]
Tesla has filed a lawsuit against the former employee who hacked its systems June 20, 2018 Tesla has filed a lawsuit against Martin Tripp, the former employee who allegedly orchestrated a hack and subsequent data leak on the company’s operating systems last week. Musk accused Tripp of “extensive and damaging sabotage” in an email circulated to staff on Sunday night, which was followed by another email regarding a small fire on [...]
World Cup 2018: Russia defy 125/1 odds with blistering start – so why have the hosts been so good? June 20, 2018 So hopeless did Russia’s prospects look in the days leading up to this World Cup that supporters were being urged to grow moustaches in a desperate attempt to lift the national team and its under-fire manager, the bewhiskered Stanislav Cherchesov. It is not known precisely how many Muscovites took up the gauntlet laid down by [...]
Goldman Sachs considering expanding bitcoin operations further says chief operating officer David Solomon June 20, 2018 Goldman Sachs is exploring a possible expansion of its involvement in bitcoin beyond clearing derivatives for clients, according to its chief operating officer. David Solomon today said the bank was “cautious but exploring those activities”, in an interview with Bloomberg TV. In May the bank said it will launch a bitcoin trading desk, shortly after [...]
American International Group (AIG) buys UK specialist life insurance business Ellipse from Munich Re June 20, 2018 US insurance giant American International Group (AIG) has agreed to acquire a specialist life risk protection business from reinsurer Munich Re in the UK. The business, Ellipse, is a specialist provider of group life risk protection in the UK. Group life risk is a product aimed at companies which can insure benefits due to staff [...]