Regulator calls in Paypal’s $2.2bn iZettle merger on day it completes September 20, 2018 The UK's competition regulator has called in Paypal's $2.2bn (£1.7bn) acquisition of Swedish payments firm iZettle on the day it completes. The Competition and Markets Authority (CMA) will investigate whether the merger would lessen competition between payment platforms in the UK, with the firms remaining separate until the CMA concludes its probe. Nevertheless, Paypal said the [...]
Equifax fined maximum £500,000 for data breach affecting 145m people September 20, 2018 Credit rating agency Equifax has received the maximum possible fine of £500,000 for a data breach affecting up to 15m Brits. UK data protection regulator the Information Commissioner’s Office (ICO) said the penalty reflected its opinion that the US giant “has no excuse” for failing to follow its own internal policies and the law, [...]
Equifax fined maximum £500,000 for data breach affecting 145m people September 20, 2018 Credit rating agency Equifax has received the maximum possible fine of £500,000 for a data breach affecting up to 15m Brits. UK data protection regulator the Information Commissioner’s Office (ICO) said the penalty reflected its opinion that the US giant “has no excuse” for failing to follow its own internal policies and the law, [...]
Cyber insurance, the Great Fire of London, and the need for digital fire fighters in the modern day September 20, 2018 A quick history lesson for you. Earlier this month, we commemorated the 352nd anniversary of the Great Fire of London, which destroyed 13,200 homes, as well as St Paul’s Cathedral. The giant Monument is a stone’s throw from the City A.M. offices. The fire blazed from 2 to 6 September, and the inhabitants of London [...]
Cyber insurance, the Great Fire of London, and the need for digital fire fighters in the modern day September 20, 2018 A quick history lesson for you. Earlier this month, we commemorated the 352nd anniversary of the Great Fire of London, which destroyed 13,200 homes, as well as St Paul’s Cathedral. The giant Monument is a stone’s throw from the City A.M. offices. The fire blazed from 2 to 6 September, and the inhabitants of London [...]
Housing construction is stuck in the dark ages – time to embrace modern methods September 20, 2018 Imagine if there were an off-the-shelf solution to London’s housing shortage. Well, imagination could become reality: the nine-metre-high structure built from cross-laminated timber on show during the London Design Festival this week highlights that the technology is there. But this impressive prototype design is far from the UK’s traditional approach to building homes. Read more: [...]
Housing construction is stuck in the dark ages – time to embrace modern methods September 20, 2018 Imagine if there were an off-the-shelf solution to London’s housing shortage. Well, imagination could become reality: the nine-metre-high structure built from cross-laminated timber on show during the London Design Festival this week highlights that the technology is there. But this impressive prototype design is far from the UK’s traditional approach to building homes. Read more: [...]
Ireland finally collects Apple’s €13.1bn disputed tax bill September 18, 2018 Ireland has fully collected the €13.1bn (£11.7bn) owed to it by Apple in unpaid taxes, plus €1.2bn in interest, its finance minister confirmed today. Apple paid the sum into an escrow fund awaiting the outcome of two appeals launched by the tech giant and the Irish government. Read more: Brexit Britain could be new sweetheart [...]
Ireland finally collects Apple’s €13.1bn disputed tax bill September 18, 2018 Ireland has fully collected the €13.1bn (£11.7bn) owed to it by Apple in unpaid taxes, plus €1.2bn in interest, its finance minister confirmed today. Apple paid the sum into an escrow fund awaiting the outcome of two appeals launched by the tech giant and the Irish government. Read more: Brexit Britain could be new sweetheart [...]
Japanese tycoon Yusaku Maezawa to become Space X’s first private passenger in trip to the moon September 18, 2018 A Japanese billionaire and online fashion tycoon is set to become the first private passenger to fly around the moon after revealing he will join Elon Musk’s SpaceX mission into orbit. Yusaku Maezawa, who owns fashion retailer Zozo, is expected to lift off on the Big Falcon Rocket (BFR) in 2023 after being unveiled as [...]