Facebook hack: 50m accounts affected by data breach September 29, 2018 Social media giant Facebook yesterday confirmed it had been hit by a hack affecting millions of its users' accounts. Attackers were able to exploit a vulnerability in its "view as" feature, leaving around 50m accounts exposed to hackers. The breach was discovered on Tuesday and the police have been informed. Facebook vice president of product management [...]
Brexit negotiator Michel Barnier puts himself out of contention for EU presidency September 28, 2018 The EU's chief Brexit negotiator, Michel Barnier, has put himself out of the running to become the centre-right's candidate to replace departing Jean-Claude Juncker as president of the European Commission. Barnier's announcement ends a protracted period of speculation suggesting that he would throw his hat into the ring for the role of Spitzenkandidat in the [...]
Tesla shares drop despite board backing for Elon Musk after SEC lawsuit September 28, 2018 Tesla shares plunged almost 14 per cent today as boss Elon Musk faced the prospect of a ban from ever running a public company again. The electric car company’s board hailed Musk’s “integrity and his leadership” after the US Securities and Exchange Commission (SEC) filed legal action against him late last night. Read more: US watchdog [...]
Tips for Theresa May: Speak up, don’t cough, and try to keep the writing on the wall September 28, 2018 It says something about how low the bar has dropped for your speech if your primary aim is to ensure that the letters on the sign behind the stage don’t start falling to the floor as you talk about building a strong economy. Factor in a robust set, some industrial-strength cough sweets, and make sure [...]
Watch out, Tories – Labour has got its anti-capitalist mojo back September 28, 2018 I started my week in Liverpool. It’s a great city. It’s got soul. It’s got a clear identity. And it’s clearly on the up. In the past week, all those words could apply to the main opposition party that just might be capturing the zeitgeist of middle Britain. Rubbing alongside those delegates partying by [...]
Editor’s Notes: The Tories face a huge challenge, but they must take the fight to Corbyn September 28, 2018 Having observed the Labour party conference from a safe distance I’ll be travelling to Birmingham on Sunday to soak up the atmosphere at the annual Tory gathering. My first port of call will be speaking at a dinner hosted by City comms firm Cicero, where I shall sing for my supper and offer a [...]
Tesla chief Elon Musk faces ban from running a public firm in SEC fraud charges September 27, 2018 Tesla chief Elon Musk faces being barred from running a public company after the US Securities and Exchange Commission (SEC) filed legal action, accusing him of alleged securities fraud over his public statements about taking the firm private. Tesla shares dropped more than 13 per cent in after-hours trade as news of the suit broke, [...]
Chelsea named bottom of the league for prompt payments as big clubs let the side down September 27, 2018 Elite Premier League clubs are less likely to pay their suppliers promptly than smaller teams, according to industry data provided to City A.M. Chelsea are the slowest team to settle invoices, says business information company Dun & Bradstreet, while Tottenham and Manchester City are also in the bottom four. Brighton and Bournemouth are the [...]
WTO urges US and China to show restraint as it cuts trade growth forecasts September 27, 2018 The World Trade Organisation (WTO) has cut its growth forecasts as it urged America and China to show restraint over their escalating trade war. Today the WTO cut its expectations for 2018 growth in merchandise trade volume to 3.9 per cent, from the 4.4 per cent estimated in April this year as it warned the [...]
Chief exec gender imbalance will take a decade to fix, says JP Morgan boss Dimon September 27, 2018 A wave of female chief executive officers could be at least a decade away, according to chief executive of JP Morgan Chase & Co Jamie Dimon. Speaking at a female leadership event in New York yesterday Dimon said it could be between 10 to 15 years until women make up 10 per cent to [...]