Architecture firm denies reports that Bill Gates has bought £500m hydrogen yacht February 10, 2020 A Dutch architecture firm has denied reports that Microsoft founder Bill Gates has bought the world’s first hydrogen-powered superyacht after reports that he had went viral. The claim that the billionaire businessman had bought the yacht for an estimated £500m from Sinot Yacht Architecture & Design was published by several national newspapers. However the designer [...]
Xerox makes fresh $35bn offer for HP February 10, 2020 Xerox today made a fresh offer to buy HP valuing the company at about $35bn (£27bn) after its previous takeover approach was rejected. Xerox increased its offer to $24 per share from $22 per share. The latest offer comprises $18.40 in cash and 0.149 Xerox shares for each HP shares, valuing the company at about [...]
Four Chinese military hackers charged over US Equifax breach February 10, 2020 The US Department of Justice (DoJ) has charged four members of China’s military in relation to the 2017 Equifax hack, which saw the data of more than 145m Americans breached. The nine-count indictment accused the Chinese military of hacking into Equifax’s computer networks, maintaining unauthorised access to them and stealing sensitive, personally identifiable information about [...]
Sadiq Khan will spend £350,000 to fight the Tulip tower February 10, 2020 City Hall will spend up to £350,000 to defend its decision to reject the planning application for the Tulip tower as Sadiq Khan gets ready to fight an appeal against its developers. The 1,000-foot skyscraper was set to be built by architecture firm Foster + Partners opposite the Gherkin, after its design was approved by [...]
Storm Ciara latest: Man dies after tree hits car February 10, 2020 Please update this page manually as we update it with the biggest Storm Ciara news. 3:40pm: 98 per cent of 413,000 homes have power restored UK Power Networks have announced that they have reconnected 98 per cent of the 413,000 homes that were without power due to the impact of Storm Ciara. It added that [...]
European companies could face upsurge in activist raids February 10, 2020 European companies could face an upsurge in activity from activist investors, analysis released today showed. One in 20 European companies with a market capitalisation of over $250m (£193m) have been targeted by activist investors in the past five years. This is half the rate (one in 10) for similar size companies in the US. The [...]
The local councils embarking on a shopping centre spending spree February 10, 2020 Bin collections, parking restrictions and filling ever-more-terrifying potholes are what most people associate with local councils. To that list, we might now add retail property speculators. Last year, Councils across the UK doubled down on recent trends and spent some £232.35m buying struggling shopping centres, accounting for some 36 per cent of all shopping centre [...]
The value of trust in an age of fake news February 10, 2020 | Sponsored Ipsos MORI may be best known for its political polls during the run up to a General Election, but that is only a tiny part of its business. Far more of its time and resources are devoted to conducting market research for a wide range of major organisations. It is an industry where trust is [...]
Coronavirus hits production at Nissan’s Japanese plants February 10, 2020 Nissan has announced that it will temporarily halt production at one of its factories in Japan due to the outbreak of the coronavirus. The decision will affect the Kyushu facility in southwest Japan and has been taken due to difficulties sourcing parts from China. This comes as the global automotive industry is facing a slowdown [...]
BBC calls for ‘demonstrable resilience’ as it launches search for new boss February 10, 2020 The BBC has fired the starting pistol on its search for a new director general, calling for applicants with “demonstrable resilience” as it tries to head off fierce political pressure. The broadcaster today published a job advert for its top position after current director general Tony Hall announced plans to step down in the summer. [...]