Businesses fear political threats and cyber attacks in uncertain risk environment March 14, 2019 More than three quarters of general counsels and board members view the risk landscape as having become significantly more complex in the last three years, with political risk cited as the number one risk facing businesses and technological risk a close second. A survey by law firm Clyde & Co and professional network organisation Winmark [...]
House of Lords Committee slams fraud office for slow pace of bribery investigations March 14, 2019 A House of Lords Committee today criticised the Serious Fraud Office (SFO) and Crown Prosecution Service (CPS) for the slow pace of bribery investigations. In a report on the Bribery Act 2010 published today, the Committee said: “The slow pace of investigations, and in particular the failure to update companies on their progress, is a [...]
City Moves for 14 March 2019 – Who’s switching jobs at Marex Spectron, Digital Catapult and Clifford Chance? March 14, 2019 Today's City Moves include Marex Spectron, Digital Catapult and Clifford Chance. Marex Spectron Marex Spectron has announced the appointment of Carla Stent as non-executive chair of the group board. Carla, who has sat on the board for the past four years and was until recently chair of the audit and compliance committee, takes over from Simon [...]
Tory MPs despair as May loses another Brexit vote, with Article 50 delay on the horizon March 14, 2019 Brexit is set to be delayed beyond 29 March after a tumultuous night in parliament saw a complete breakdown in Conservative party discipline. MPs backed taking no-deal off the table by 321 to 278, with 12 members of the government – including four cabinet ministers – refusing to follow Theresa May’s orders and vote against [...]
Former graduate trainee takes UBS to court over handling of London rape allegation March 13, 2019 A former graduate trainee has taken UBS to court over its handling of her alleged rape by a colleague nearly 20 years her senior. The claimant, referred to as Ms A, has filed a lawsuit against the Swiss bank for sexual harassment and victimisation, her legal team said today. Read more: UBS fined €4.5bn in [...]
Global outages cripple Facebook, Whatsapp and Instagram March 13, 2019 Several of Facebook’s most popular social media platforms are suffering partial outages around the world, largely affecting users across the Americas and Europe. Service continues to be disrupted on Facebook’s main app, Messsenger, Instagram and Whatsapp. Users began reporting issues at around 4pm GMT, with full access to the platforms still ongoing. Third-party outage tracker Down Detector said [...]
Trump says Federal Aviation Administration will ground Boeing 737-Max 8 planes over safety concerns March 13, 2019 US President Donald Trump has pushed through an "emergency order" to the US Federal Aviation Administration (FAA) "to ground all 737 Max 8 and the 737 Max 9, and planes associated with that line," after an Ethiopian Airlines plane crashed and killed 157 people. The FAA – and Trump by association – had both come under pressure [...]
HS2 chairman says stopping the railway at Birmingham would be a ‘complete betrayal’ March 13, 2019 HS2 chairman Allan Cook has said not completing the £56bn railway to the north of England would be a "complete betrayal". Cook, who was appointed as chairman following the departure of former Crossrail head Terry Morgan, told MPs on the Transport Select Committee that HS2 was looking at "all options" to keep the project within budget but rejected suggestions [...]
Donald Trump’s former campaign chairman Paul Manafort sentenced to a further three and half years in prison March 13, 2019 Donald Trump’s former campaign chairman Paul Manafort has been sentenced to a further three and half years in prison after pleading guilty to two counts of conspiracy. Manafort was handed a sentence of six years and one month after admitting to two charges related to money laundering, illegal foreign lobbying in Ukraine and attempted witness [...]
Canada bans Boeing crash jet, piling more pressure on ‘dogmatic’ US authorities to follow suit March 13, 2019 Boeing’s misery deepened yet further today as Canadian authorities joined others around the globe in banning its latest jet model from their airspace. The move heaps yet more pressure on US regulators to ban Boeing’s new 737 Max range after it suffered its second fatal crash in five months on Sunday. Read more: Boeing's Ethiopian [...]