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      Use AI for investing at your own risk, warns watchdog

      Financial Conduct Authority reception area in 2025, highlighting increased regulatory actions and financial penalties

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Tech

  • Meta accused of breaching workers rights over union rep cleaner’s dismissal

    September 1, 2022

    Meta has been accused by Amnesty International of breaching workers’ rights over claims a Bolivian cleaner working at its London offices was fired for being a union rep. The Facebook owner is set to face a protest outside its Brock Street offices on Friday ahead of the start of an unfair dismissal tribunal on Wednesday [...]

  • Google heads to court over billion pound competition row for Play Store

    September 1, 2022

    Google will have to defend itself at trial over a £1bn consumer claim about Play Store, a competition judge has decided. A Competition Appeal Tribunal ruling this week found that consumer champion Liz Coll is authorised to bring an opt-out collective claim against the tech giant for alleged competition infringements. The Tribunal said that the size of the class allegedly harmed was [...]

  • Buying property through NFTs is ‘the future’, says founder of London agency

    September 1, 2022

    After spotting a gap in the market, West London City Lets has unveiled new sub-agency Tokenized Properties – which allows landowners to buy and sell using Non-Fungible Tokens (NFTs). The new agency is the UK’s first property firm to facilitate the sale of physical land through an NFT, having just listed the first deal of [...]

  • Watchdog flags competition concerns for Microsoft and Call of Duty maker Activision Blizzard’s £50bn deal

    September 1, 2022

    Regulators have flagged competition concerns over Microsoft’s $68.7bn acquisition of Call of Duty maker Activision Blizzard, giving the US giants until next week to provide evidence.

  • ‘Significant barriers’ hampering digital trade, City of London warns

    September 1, 2022

    Post-Brexit trade deals have left “significant barriers” in place that are hampering digital trade to and from the UK, the City of London corporation warned today.

  • Google blocks Trump’s Truth Social from app store amid content concerns

    August 31, 2022

    Donald Trump’s new social media app has been blocked by Google Play in another blow to the former President’s quest for “free speech”.

  • TikTok-owner ByteDance to lower price of employee stock options amid slipping growth

    August 31, 2022

    TikTok-owner ByteDance is reportedly looking to lower the price of its stock options for employees amid declining growth. The Chinese technology giant is expected to lower prices to $155 a share from $195, Bloomberg first reported, citing a human resources executive.   ByteDance’s revenue growth slipped to 70 per cent year-on-year last year, down from [...]

  • Snap culls workforce by a fifth as firm scrambles for revenue growth

    August 31, 2022

    Snap confirmed that it would be cutting its 6,500-strong workforce by a fifth as it struggles to ride the advertising slump.

  • Protect Your Business from Cyber-Attacks

    August 31, 2022  |  Sponsored

    The increasingly volatile cyber threat landscape has prompted cyber security professional bodies to review their guidance. The new ISO 27002:2022 standard mandates that organisations who want to retain or achieve ISO accreditation must now have access to and actively use threat intelligence.  Gemserv’s Cyber Threat Intelligence solution provides a focused and user friendly platform for [...]

  • Chinese using state-backed hackers to attack energy projects in South China Sea

    August 30, 2022

    China is using state-backed hackers to launch cyberattacks against energy projects in the South China Sea, according to new research from cybersecurity firm Proofpoint and consulting firm PwC. Hacking group Red Ladon, also known as TA423, is using a simple phishing scam to attack politically significant targets in Europe and the Asia-Pacific region, including defense [...]

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