Facebook loses two top technology execs after Zuckerberg adopts privacy shift March 14, 2019 Two senior Facebook technology executives have left the social media giant, days after its chief executive Mark Zuckerberg said the company would be moving towards a “privacy-focused future”. Zuckerberg said in a blog post that chief product officer Chris Cox, one of the firm’s earliest employees, and Whatsapp vice president Chris Daniels had resigned. “As Mark has [...]
Brexit delay on the way after MPs back Theresa May’s postponement plan March 14, 2019 MPs have given the green light for Brexit to be delayed beyond March 29, but the divisions at the heart of Theresa May’s government were once again laid bare. The Commons voted 413 to 202 in favour of asking the EU to postpone the Brexit date – either by three months if MPs back a deal by [...]
City Hall at risk of Momentum takeover after Labour changes reselection rules March 14, 2019 City Hall could be targeted by hard-left Labour activists after the party changed rules to make the deselection of moderate candidates more likely. Labour’s governing body, the National Executive Committee (NEC), voted to change party rules for the Assembly last month, which one Labour Assembly Member (AM) said had sparked a “climate of fear and [...]
Government pours nearly £600m into housing around Old Oak Common and Brent Cross stations March 14, 2019 Nearly £600m will be poured into housing projects near key railway stations, housing minister James Brokenshire has announced. Up to £250m will got towards the construction of up to 13,000 new homes close to the new HS2 railway station at Old Oak Common, near East Acton. The new station at Old Oak Common is set to open [...]
Brexit vote live: MPs vote to delay Brexit by extending Article 50 beyond 29 March March 14, 2019 Hello and welcome to City A.M.’s Brexit live blog for the second of potentially three huge votes on the UK’s departure from the EU. Prime Minister Theresa May was defeated in the House of Commons in a second vote on her Brexit deal on Tuesday, losing by 391 votes to 242. Last night, MPs voted [...]
Boeing 737 Max 8 and 9 planes around the world will be grounded for ‘weeks’, according to US March 14, 2019 Boeing’s 737 Max 8 and 9 plane models will remain grounded for a minimum of “weeks,” as the manufacturing giant scrambles to test and install a software upgrade in all of the aircraft affected. Democratic representative Rick Larsen said after a briefing with the Federal Aviation Administrator the software upgrade would take a few weeks [...]
TfL boss Mike Brown ‘hid Crossrail testing issues’ from Sadiq Khan in weekly email update March 14, 2019 Transport for London (TfL) boss Mike Brown ordered references to the difficulties Crossrail was experiencing with dynamic testing to be removed from email updates sent to Sadiq Khan, it was revealed today. At a grilling by the London Assembly's transport committee, Howard Smith, operations director for TfL Rail and the Elizabeth Line, admitted he felt Crossrail ought [...]
Spring Statement 2019: How investors can profit March 14, 2019 | City Talk By Jemma Jackson from interactive investor. There were no bunnies in the chancellor’s hat, but here are the ways investors can benefit this spring. As predicted, Brexit uncertainty torpedoed any chance of good news for the UK’s savers and investors in Chancellor Philip Hammond’s Spring Statement. We hear there’s a ‘deal dividend’ of £26.6 billion, [...]
Debenhams considers Mike Ashley’s £150m loan offer March 14, 2019 Debenhams said it will give “careful consideration” to Sports Direct’s proposed £150m loan this morning, after receiving the offer last night. Read more: Sports Direct accuses Debenhams of 'deliberately misleading' the market The struggling department store chain received the 12-month loan offer from billionaire Mike Ashley last night, as the retail magnate accused the board [...]
Raising corporation tax may seem like a vote winner, but it makes all of us poorer March 14, 2019 Last year, parliament passed a law requiring the UK’s overseas territories (OTs) – including Bermuda, the Cayman Islands, and the Virgin Islands – to publish lists of the “beneficial owners” of the companies registered in them. The sponsors of the law claimed it was a crime-fighting measure. Conservative MP Andrew Mitchell justified the law by [...]