Plans for internet regulation ‘could lead to censorship’ July 9, 2019 Government plans to crack down on internet firms over online harms could lead to the UK having the highest level of online censorship of all major democracies, a City law firm has warned. In its response to a recent government white paper, RPC said plans to hold businesses accountable for material posted to their platforms [...]
US to grant licences for sales to Huawei if national security is protected July 9, 2019 The US government will issue licences to American companies looking to sell to Huawei as long as there is no threat to national security, commerce secretary Wilbur Ross has said. Read more: Huawei will not pass information to Beijing, says Chinese ambassador President Donald Trump last month appeared to row back on his clampdown against [...]
US billionaire and ex-presidential candidate Ross Perot dies aged 89 July 9, 2019 US billionaire and two-time presidential candidate Ross Perot has died at the age of 89, his family has said. The feisty Texan tech tycoon made his name and his fortune after selling a majority stake in the data company he founded to General Motors for $2.5bn (£2bn) in 1984. But he was best known for [...]
Marriott International to be fined £99m for data breach July 9, 2019 Hotel chain Marriott is set to be fined more than £99m for a data breach that compromised the personal details of roughly 393m guests. The Information Commissioner’s Office (ICO) today announced its intention to hand down the fine following an “extensive” investigation into the breach. Read more: British Airways set for £189m fine for 2018 [...]
BBC appoints new Radio 4 controller as it doubles down on Sounds July 9, 2019 The BBC has appointed Mohit Bakaya as the new controller of Radio 4, as the current boss of 5 Live takes over the broadcaster’s troubled on-demand service BBC Sounds. Bakaya, who currently serves as commissioning editor for factual at Radio 4, will take over from Gwyneth Williams, who has led the corporation’s flagship station since [...]
Wework poaches Facebook executive as it gears up for stock market float July 9, 2019 Wework has poached senior Facebook executive Martin Ott as the firm looks to beef up its management team ahead of its highly-anticipated stock market debut. Ott, who previously served as Facebook’s managing director for central Europe, will join the flexible workspace firm as managing director for EMEA, City A.M. can reveal. Read more: EMA to [...]
Habito launches its own range of mortgages after green light from regulator July 9, 2019 Online mortgage broker Habito has launched its own range of products as it looks to stake its claim in the mortgage market. Habito, which currently allows customers to search for loans from other providers, has now revamped its platform to offer its own range of mortgages. Read more: UK property market: Mortgage approvals dip from [...]
Metro Bank shares fall further amid boardroom bust-up July 8, 2019 Shares in Metro Bank closed down more than 3.5 per cent today amid reports of rising tensions in the boardroom. Read more: Metro Bank and Network Rail bosses voted among most popular by staff Top executives at the high street bank have reportedly been pushing chairman Vernon Hill to resign from the board amid torrid [...]
EU calls for European to replace Lagarde as IMF boss July 8, 2019 Top EU officials have called for a European candidate to replace Christine Lagarde as head of the International Monetary Fund (IMF), with the Netherlands launching a bid to fill the post. The IMF is seeking a replacement for Lagarde, who was nominated by EU leaders last week as the next president of the European Central [...]
Debenhams urges Sports Direct to drop legal action over restructuring plan July 8, 2019 Debenhams has urged Mike Ashley’s Sports Direct to drop its lawsuit over the department store chain’s controversial insolvency plan after a key landlord withdrew its legal action. Sports Direct has filed a complaint against the company voluntary arrangement (CVA), which will allow Debenhams to close some 50 stores in a bid to stay afloat. Read [...]
