Uber admits failing to notify customers or authorities of 2016 hack compromising 57m accounts November 21, 2017 Uber has revealed that hackers gained access to the information of 57m customers late last year. Chief executive Dara Khosrowshahi, who took over as boss this summer, wrote on the company’s website that Uber had failed to notify individuals or regulators at the time of the breach. Following an investigation into the incident Khosrowshahi said [...]
Citymapper runs into Transport for London’s Uber innovation buffer in private hire licence application November 21, 2017 One of the UK’s top startups is the latest to have its ambitions thwarted by London’s transport regulator, which has been accused of dragging its heels when it comes to supporting innovative new companies in the wake of its row with Uber. Citymapper has been left waiting months for approval for a private hire operator [...]
Bitcoin (BTC) price hits new high cracking $8,300 despite £30m Tether hack which sent it plunging November 21, 2017 Bitcoin took a serious plunge after an exchange revealed it was hacked and $30m stolen. But that didn’t hold it back for long. More than $400 was wiped from the value of the cryptocurrency which dropped five per cent over night after Tether, an exchange where cryptocurrencies are pegged to traditional currencies, said it had [...]
Chelsea boss Antonio Conte blames Premier League for his team’s faltering title defence – and English clubs’ recent failure in the Champions League November 21, 2017 Chelsea manager Antonio Conte has taken a swipe at the Premier League, accusing its fixture compilers of sabotaging English clubs chances of success at home and in the Champions League. Conte insists the scheduling has repeatedly put his team at an unfair disadvantage in domestic competition this season. The Blues do not expect to arrive [...]
Activist investor warns London Stock Exchange against “character assassination” of outgoing boss Xavier Rolet November 21, 2017 Activist investor Sir Chris Hohn today lashed out at the London Stock Exchange (LSE) Group, saying that its board appears to be threatening a “character assassination” of its outgoing chief executive Xavier Rolet. In the latest twist in the LSE soap opera over the alleged forced retirement of Rolet, Hohn called for the Bank of [...]
Corruption is the real story of the Paradise Papers November 21, 2017 Much of the response to the Paradise Papers has, so far, revolved around tax avoidance. While the opposition has said that it is awful, costs the UK economy billions, and that there must be a full public inquiry, the British government seems to have merely shrugged its shoulders and said it is all perfectly legal. [...]
HSBC has hired ex-Google engineering director Mike Warriner to lead the bank’s tech and digital efforts November 21, 2017 HSBC is tapping up talent from tech companies to give it a leg up in an increasingly digital world with the hire of a former Google engineer. Mike Warriner, who was the director of engineering at the tech company in the UK for the past five years, has been named chief information officer at the [...]
EU competition chief Margrethe Vestager threatens Google, Amazon, Apple and Facebook with tax reform November 21, 2017 Europe’s fierce enforcer of competition rules is threatening tech giants with tough new rules on tax if politicians fail to come to an agreement on changes to the current system. Efforts to amend rules that would apply tax more fairly to firms which largely operate online such as Google, Amazon, Apple and Facebook, have been [...]
Chinese banks march up rankings of world’s most important banks as Citi and BNP Paribas drop November 21, 2017 Chinese banks have jumped up international regulators’ rankings of the banks which are most crucial to the global financial system as Citigroup and BNP Paribas fell down the list. Both Bank of China and China Construction Bank rose into the second “bucket” on a list of the global systemically important banks published today by the [...]
UK firms are “being excluded” from European space contracts on Galileo satellite system due to Brexit uncertainty November 21, 2017 British firms are being “excluded” from bidding for lucrative space contracts due to concerns over Brexit, aerospace bosses said today. Simon Henley, the president-elect of the Royal Aeronautical Society, told MPs companies have said they are losing out. He gave the example of the Galileo programme, Europe’s global navigation satellite system, created through the European [...]