Tesco investigates technical issues affecting Monzo card payments November 1, 2019 Supermarket giant Tesco is investigating a technical issue affecting customers with Monzo debit cards after cardholders complained they were being charged twice for transactions. Monzo customers have complained on Twitter about issues using their cards in Tesco, prompting the supermarket chain to put up signs at some of its stores saying it could not accept [...]
Former Sainsbury’s boss: Halve business rates and raise VAT to save high street November 1, 2019 Jasper King, the former head of supermarket giant Sainsbury’s, has called for business rates to be halved and VAT increased to help high street retailers compete with their online rivals. Speaking to BBC Radio 4’s Today Programme, King said it was unfair that bricks and mortar retailers were forced to pay the rates when their [...]
Volatile market movements boost TP ICAP revenues November 1, 2019 TP ICAP has reported a jump in third quarter revenue, with the world’s largest inter-dealer broker benefitting from an increase in trading activity over the summer due to global trade tensions and Brexit uncertainty. The broker held its current guidance for the year, however, warning that geopolitical uncertainties could impact transaction volumes. Read more: Broker [...]
BBC leak reveals names of 120 women in equal pay dispute November 1, 2019 The BBC has been accused of a potentially major data breach after the names of 120 female employees who had pursued equal pay complaints against the broadcaster were inadvertently revealed during presenter Samira Ahmed’s employment tribunal case. The document names BBC women who had put their names to a letter issued by the National Union [...]
Google, Apple and Facebook enabling illegal slave sales, investigation finds October 31, 2019 Tech giants Google, Apple and Facebook are enabling an illegal online slave market in which domestic workers are bought and sold through apps, a BBC News Arabic investigation has found. Google and Apple have approved and provided apps used for the sale of domestic workers on their app stores, while programme-makers found hundreds of domestic [...]
Watchdog calls for police restraint over use of ‘invasive’ facial recognition October 31, 2019 The head of the UK’s data protection watchdog has called for the creation of legal guidance on the use of live facial recognition (LFR) and urged the police to exercise restraint in their use of the technology. Video surveillance coupled with the use of facial scanning software should only be used when it is “strictly [...]
Mark Zuckerberg defends political ads on Facebook after Twitter ban October 31, 2019 Facebook co-founder and chief executive Mark Zuckerberg has defended his decision to allow political advertising as the social network after Twitter boss Jack Dorsey threw down the gauntlet over the issue. Read more: Twitter pulls all political advertising as voters support regulation Dorsey announced yesterday that all paid-for political advertising would be banned on Twitter, [...]
Thomson Reuters reports surge in operating profit October 31, 2019 Media conglomerate Thomson Reuters has reported a surge in operating profit for the third quarter, ahead of analysts’ estimates. Operating profit at the Canada-based company jumped 51 per cent to $262m (£202m) for the three months to September, ahead of $173m for the same period a year ago. Read more: Thomson Reuters defends boss following [...]
Eurozone reports unexpectedly steady GDP growth October 31, 2019 Eurozone gross domestic product (GDP) grew steadily in the third quarter defying market expectations of a slowdown while headline inflation slowed due to a sharp drop in energy prices. GDP in the EU’s 19 member states grew 0.2 per cent on the previous quarter between July and September, according to preliminary figures from the EU’s [...]
US strikes deal to recover $1bn from fugitive 1MDB financier October 31, 2019 The US Justice Department has struck record a deal to recover $1bn (£773m) of funds allegedly looted from a Malaysian state investment fund by fugitive financier Jho Low. US authorities estimate that around $4.5bn of funds were siphoned from 1Malaysian Development Berhad (1MDB), which was founded in 2009 by then Malaysian prime minister Najib Razak. [...]
