Nigel Farage attacks Electoral Commission as ‘full of Remainers’ after review of his party’s funding May 21, 2019 Nigel Farage has launched a blistering attack on the elections watchdog after it began a review into his new party’s finances. Farage, leader of the Brexit Party, claimed the Electoral Commission is “absolutely full of Remainers” and is part of an “establishment” attack on his new outfit. On Monday, former Prime Minster Gordon Brown called for an [...]
Why Airbnb, Paypal and Spotify are paying hackers to break their security May 2, 2019 Top global chief executives have willingly forked out more than $50m (£38m) to hackers amid growing concerns about cybersecurity threats. Bosses have paid so-called ethical hackers to help tighten up their cyber defences in a bid to avoid expensive and embarrassing data breaches. Read more: Government to roll out new cybersecurity laws for IoT products [...]
Competition watchdog gives green light for Paypal’s $2.2bn merger with iZettle April 30, 2019 The competition watchdog has given provisional approval to Paypal’s $2.2bn (£1.7bn) takeover of payments firm iZettle. Read more: Watchdog launches in-depth probe into Paypal-iZettle merger The Competition and Markets Authority (CMA) launched a probe into the merger last year amid concerns it would lessen competition between payment platforms in the UK. But in a provisional [...]
Uber IPO will value ride-hailing firm at up to $90bn, SEC filing confirms April 26, 2019 Uber is set to pitch shares at between $44 and $50 as it chases an initial public offering (IPO) that could value it at up to $90bn (£69.8bn), the ride-hailing firm revealed in an updated filing today. The technology transport giant will offer 180m shares in its stock market debut as it chases the valuation, with another [...]
Watch out high street banks – Apple has a credit card and is out to steal your supper March 29, 2019 Every day, new competitors are coming out of the woodwork and vying for a piece of the high street banks’ pie. This has forced the big banks – some kicking and screaming – to evolve, and at a pace that they’ve never before experienced. Change is not a new concept for consumers when it comes [...]
Police arrest man over alleged MP abuse incidents outside parliament January 12, 2019 A man in his 30s has been arrested on suspicion of public order offences after an MP was subjected to alleged verbal abuse outside parliament last week. The Metropolitan Police said the man was detained outside St James’s Park tube station in central London shortly before midday in connection with incidents in Westminster on Monday. [...]
Watchdog to launch in-depth probe into Paypal’s iZettle takeover December 5, 2018 The UK’s competition watchdog plans to launch an in-depth investigation into PayPal’s takeover of iZettle amid fears it could drive up prices for customers. The Competition and Markets Authority (CMA) said it is concerned the deal could negatively impact future competition for mobile payment services, which it said could result in higher prices or lower quality service [...]
Consumers could face higher prices after Paypal’s $2.2bn iZettle merger, watchdog warns November 26, 2018 Paypal’s $2.2bn (£1.7bn) takeover of mobile payment company iZettle could drive up prices for customers, the UK competition watchdog has said. The merger between the technology giant and the Swedish startup could also result in a lower quality of service, found the Competition and Markets Authority (CMA), which published its decision today. If Paypal hadn't launched a [...]
The hyperloop train is leaving the station – and the UK must be on it November 7, 2018 Britain can reasonably claim to have invented the railway. Stephenson’s Rocket represented the pinnacle of British industrial-era innovation. The ability to move products and people by steam locomotion had a transformative effect on society. British ingenuity saw railways knit communities together across the country, and eventually the globe. And for the next couple of centuries, [...]
HMRC to sue General Electric for £770m over tax relief claims November 4, 2018 American industrials giant General Electric is being sued by HM Revenue & Customs over allegations it wrongly claimed tax relief amounting to $1bn (£770m). HMRC has accused GE of wrongly claiming tax deductions from 2004 to 2015. The tax man has informed GE that it intends to disallow interest deductions to its financial services arm, GE Capital. Interest deductions reduce the [...]