Dislike: EU warns websites they’re responsible for data leaked via Facebook’s like button July 29, 2019 Third-party websites are now jointly responsible for processing people’s data if they embed Facebook’s so-called like button, the EU’s foremost court ruled today. The European Court of Justice’s ruling means websites must now either gain people’s approval for this activity or prove they have a legal basis for processing this data. Read more: France, US [...]
Don’t underestimate Boris Johnson, PM’s adviser tells Brussels July 29, 2019 Boris Johnson’s EU adviser has urged Brussels not to “underestimate” the new Prime Minister as he repeated the government’s pledge to leave the bloc on 31 October. David Frost, a former adviser to Johnson while he was foreign secretary, said many people were “inclined” to underestimate Johnson but that doing so would be a mistake. [...]
Neil Woodford’s flagship fund to stay frozen until December July 29, 2019 Beleaguered fund manager Neil Woodford has apologised to investors after the announcement that his flagship Equity Income Fund will remain suspended until at least December. “I understand the frustration, inconvenience and anxiety the continued suspension of the fund will be causing you and I am extremely sorry for putting you in this situation,” Woodford said [...]
Paul Maynard appointed new rail minister July 29, 2019 Paul Maynard, the MP for Blackpool North and Cleveleys, has been appointed as the new rail minister in Boris Johnson’s government. Maynard, a former government whip and junior transport minister, also served as a junior minister in the justice department from May to June this year. Read more: Boris Johnson rules out pre-Brexit general election [...]
Glassdoor reveals the UK’s top 10 best-paying graduate jobs July 29, 2019 UK graduates can earn up to £50,000 as a starting salary, according to new data from Glassdoor that reveals the top 10 highest paying entry-level jobs on offer in 2019. Perhaps unsurprisingly, investment banking tops the list of UK graduate jobs with a staggering median starting salary of £50,752 for an analyst. Read more: London [...]
Amcham urges Hong Kong to retire China extradition bill to revive business confidence July 29, 2019 The American Chamber of Commerce has issued a call for Hong Kong’s government to kill a controversial bill in order to quell protests it said are harming business confidence. Hong Kong chief executive Carrie Lam has paused a vastly unpopular China extradition bill which led to widespread protests across the city. Read more: Hong Kong [...]
Barclays and RBS among banks hit by £1bn forex rigging lawsuit July 29, 2019 Barclays and the Royal Bank of Scotland (RBS) are among five banks targeted in a £1bn class action lawsuit over forex rigging that was filed today. The action follows a May ruling by the European Commission that Barclays, RBS, JP Morgan, Citibank and UBS had violated EU competition law. The five banks have been collectively [...]
Sharing is caring: How Via Van is making a capital connection July 29, 2019 “When we told people we were going to launch a shared ride-service in New York they told us we were crazy,” says Chris Snyder, the chief executive of new kid on the block, Via Van. Six years later, and Via Van is the provider of 1.5m rides across key US cities and 60m rides globally. [...]
Vauxhall could end Ellesmere Port production if Brexit makes it unprofitable July 29, 2019 Vauxhall could end production of the Astra in Ellesmere Port in Cheshire if Brexit makes it unprofitable. The boss of French carmaker PSA, which owns the Vauxhall and Opel brands, warned that the company had picked another site in Southern Europe to build future Astras if the UK could not reach a satisfactory Brexit deal. [...]
Neil Woodford could be dumped as manager of listed fund that bears his name July 29, 2019 Under fire fund manager Neil Woodford could be dropped as manager of the listed fund that bears his name, the company said today. Woodford Patient Capital Trust (WPCT) told the stock market it had held preliminary discussions with management groups that have approached the company regarding the ongoing management of the fund. “Whilst the board [...]